Poa Internet, a Kenyan internet service provider, has received $28 million in Series C funding led by Africa50.
Existing investor Novastar Ventures joined the round, bringing the total amount raised by the business to $36 million.
Poa Internet, which was founded in 2015, delivers low-cost internet to individuals and small companies in East Africa’s low-income communities. Customers may get affordable and dependable internet for 40% less than competitors, as well as free content and online services and tools, according to Poa.
Poa Internet currently serves approximately 12,000 clients (homes and small companies) in Nairobi’s low and middle-income districts, with tens of thousands more using its street Wi-Fi.
“We are now focusing on Kenya, but the problem we’re solving is continent-wide,” said Andy Halsall, CEO, and founder. And it’s not just about getting people connected for us. Our goal is to get a large number of people online and provide them with a meaningful internet experience, such as the ability to stream videos without worrying about data usage.
“Our internet speeds are 4 Mbps, which is sufficient for video streaming, as everyone wants to watch Netflix, utilize YouTube, download movies, and make video conversations.” As a result, we’ve engineered our service to be quick enough to provide video, but most significantly, our price is a selling point, according to Halsall.”
The new funding will be used to expand the startup’s reach, initially across Kenya and then to other African countries.
Read more on Tech Gist Africa:
ExpandCart, an Egyptian e-commerce start-up, has raised $2.7 million in a Pre-Series B funding round
Orcas, an Egyptian edtech startup, has raised $2.1 million in pre-Series A funding to help it grow
