Kenya’s Poa web secures $28M spherical led by Africa50
Africa Improvement Financial institution (AfDB) backed infrastructure financier Africa50 and a number of other African governments simply hosted an innovation problem searching for reasonably priced and dependable options for last-mile connectivity throughout Africa. Kenyan startup Poa Web submitted a profitable proposal beating 673 others worldwide including to Africa50’s funding pipeline.
A yr after this win the web service supplier (ISP) has raised a $28 million Serie C funding spherical led by Africa50. The corporate has to this point raised $36 million. One of many agency’s earliest backers Novastar Ventures additionally took half within the spherical.
Poa will use the funds to develop its attain throughout the nation and progressively advance to different international locations. Andy Halsall, the CEO of Poa Web instructed TechCrunch “We’re centered on Kenya for the time being, however the issue we’re fixing is continent-wide.”
Poa Web servers over 12,000 clients in Nairobi’s low and middle-income neighborhoods by way of road wifi connections. The corporate has laid out its fiber community neighborhoods which might be usually not the highest focused markets by suppliers corresponding to Safaricom, Zuku, and Faiba by Jamii Telecommunication Restricted.
Poa Web prices clients a month-to-month $13 price – about half the market charge. Its clients get limitless information, a extremely engaging facet to web customers countrywide the place main ISPs provide information capped month-to-month subscription bundles. The startup can also be establishing public wifi hotspot areas. Extra on TechCrunch
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