Lagos-based Information Communications Technology (ICT) provider, Tizeti Inc. has raised an undisclosed amount of funds from venture capital firm, Zeno Ventures to bring its service to more people on the continent.
Launched in 2012, Tizeti is on a mission of providing decent and affordable Internet connectivity to people living in urban areas.
The company is doing this by building solar-powered Wi-Fi towers which carry Internet from submarine cables to customers’ location.
Through its consumer brand Wifi.com.ng, Tizeti then offer its users unlimited Internet access for US$30 (about N10,000) per month, as well as hotspot services for short term use.
The startup, together with four other Nigerian startups, and Morocco’s WaystoCap, recently graduated Y Combinator’s Winter 2017 (YC W17) batch where it received massive support, both in cash and kind.
Apparently, participation in the world’s most powerful startup incubator has brought Tizeti fame and fortune – just as it has done to other startups as many have gone on to raise further funds – in form of fresh funding from Zeno Ventures.
Tizeti will use the funds to expand its services across the continent, providing unlimited data plans at an affordable price to the millions who don’t have access to a broadband subscription.
The Geneva and San Francisco-based venture capital company invests internationally in fast growing technology startups. Tizeti is its seventh investment.