Tizeti and its customer facing brand, Wifi.com.ng which offers unlimited, uncapped internet services in Lagos, Nigeria, announced that it has closed on seed funding of $2.1 million from international investors namely, Western Technology Investment, Social Capital, Vy Capital, Picus Capital, Ace & company amongst others. The company operates commonly as a ‘Comcast for Africa’, builds and operated solar-powered towers to provide reliable and affordable Wi-fi services to hundreds of residential areas and SME’s across Nigeria’s megacity.
Founded by Y Combinator Alumni Kendall Ananyi and Ifeanyi Okonkwo, cohorts of the Winter 2017 batch, Tizeti was created to address poor internet connectivity on the continent by developing a cost-effective solution from inception to delivery, for reliable and uncapped internet access for potentially millions of Africans.
Ananyi says, “Today’s seed announcement allows us to grow aggressively in the Nigerian market, and we will continue to invest in building out our own solar powered infrastructure, as well as refine and expand our consumer-focused product that delivers reliable, cost-effective Wifi to potentially millions of Nigerians. We aim to ‘win Lagos’, with a view to expanding across the West African region over the next 18-24 months”. The capital injection will see services extended across the city and the southern regions of Africa by launching an Xfinity Wifi-like Hotspot service, as well as scaling up mobility with the inclusion of 3,000 new public hotspots across Lagos.
Since its launch, Tizeti has connected thousands of Nigerian subscribers to broadband internet, and continues to capitalise on a market that is witnessing steady growth. The company is visibly striving to transform the way Nigerians and Africa operate online.