Techloy Reporter
Sep 5, 2018 · 2 min read

Tizeti, a Lagos-based Internet Service Provider that builds and operates solar-powered towers in Nigeria has secured $3 million in Series A funding led by 4DX Ventures with participation from existing investors Y Combinator Continuity, Lynett Capital, Social Capital, Western Technology Investment, Friále and Golden Palm Investments.

The new funding round, which comes a year after it raised seed investment of $2.1 million, is expected to be used to expand its operations outside of Nigeria, starting with Ghana.

It would also make investments in operations, product development and overall customer experience, with a view toward growing profitability exponentially, according to a company statement.

Tizeti’s unlimited Internet plan currently costs ₦9, 500 per month (about $30), which helps the company to be hyper-competitive when it comes to subscription packages. The competitive pricing is possible thanks to the company’s innovative use of solar-powered base stations, which enables it to significantly reduce operating costs.

The company also announced that it would launch a new consumer-facing brand Wifi.Africa later this year, which would bring unlimited high speed broadband internet access to residences, businesses, events and conferences in other African countries.

Since graduating from Y Combinator’s Winter 2017 batch, Tizeti claims to have installed over 7,000 public Wifi hotspots within Nigeria with 150,000 users.

In November 2017, it announced a partnership with Facebook to offer Express Wi-Fi in the country, rolling out hundreds of internet hotspots across Abuja, Nigeria’s capital city.

Techloy | African technology news and startup coverage

Techloy is a digital publication covering technology and innovation in Africa, since 2008.

Techloy Reporter

Written by

Covering news and reviews about startups, apps and gadgets in Africa. Get in touch with techloy.com@gmail.com

Techloy | African technology news and startup coverage

Techloy is a digital publication covering technology and innovation in Africa, since 2008.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade