A year after raising seed funding of $2.1 million from international investors, Tizeti has announced raising $3 million in a new series A funding round.
The new financing was led by 4DX Ventures, a new Africa-focused fund with portfolio companies such as Sokowatch and Andela.
With the new funding, Tizeti will be looking to expand its unlimited wireless internet services into Ghana, with its new brand, Wifi.Africa.
Walter Baddoo, one of the 4DX Ventures co-founders, has now joined the Tizeti board.
“If you take the efficiency of point to multipoint wireless technology and you add to that solar infrastructure, you leap-frog a generation of infrastructure. That makes getting cheap data to the hands of customers much easier,” he says.
Tizeti launched around mid 2012 and has been offering unlimited and uncapped Internet plans.
The startup was also among five Nigerian startups selected for the Y Combinator winter 2017 Batch. It appears things are looking good for the startup since the programme.
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Nigerian startups raised $17.6m in Q1 2019, 8.5% higher than they did in Q1 2018. Find out more in the latest quarterly edition of the Nigerian Startup Funding Report here.
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