June 26, 2017 IBOMLLC Team

Y Combinator Startup Tizeti Closes on Seed Funding of $2.1 Million

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Western Technology Investment, Social Capital and Vy Capital lead on Seed Round for Nigerian Unlimited Wi-Fi Service Provider

Tizeti and its consumer facing brand, Wifi.com.ng which offers unlimited, uncapped internet service across Lagos, Nigeria, today announced that it has closed on seed funding of $2.1 million from international investors including 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.

The company which operates widely as a “Comcast for Africa”, builds and operates solar-powered towers to provide reliable and affordable Wi-Fi services to hundreds of residential areas and SME’s across Nigeria’s megacity. The capital injection, secured as part of this seed round, will see services extended across the city and the South-South region of Africa’s most populous country, by launching an Xfinity Wifi-like Hotspot service, as well as scaling up mobility with the inclusion …read more

Read more here:: Y Combinator Startup Tizeti Closes on Seed Funding of $2.1 Million

      

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