Nigerian Tech Startup Tizeti Secures $2.1M To Bring Affordable Wireless Internet To Africa
Monday, June 26, 2017
Tizeti is a Nigerian technology company that has one clear mission – to bring affordable and reliable wifi internet to Lagos, before moving across the country and beyond Africa. Unlike other telcos, who many think have a monopoly on internet data services in the country, Tizeti can keep costs low for its consumer-facing brand, wifi.com.ng, because it is investing heavily in building out its own solar-panelled network of towers across Lagos, as well as a network of over 3,000 public hotspots across the city.
Having graduated from famed Silicon Valley tech incubator, YCombinator, the team behind Tizeti have this week closed a $2.1m Seed investment round from Western Technology Investment, Social Capital, Vy Capital, Picus Capital, Ace & Company, Lynett Capital Partners, Zeno Ventures and a number of angel investors including Y Combinator’s Michael Seibel and Gabriel Hammond.