TooMuchWifi, a South African internet service provider, has received a USD 585,000 investment from the BLOC Smart Africa fund (BLOC SA), which was established by the Smart Africa Alliance and managed by Bamboo Capital Partners. The USD 1,000,000 Pre-Series A round was sponsored by BLOC SA, which attracted additional funding from Connectivity Capital, Atreyu Investments, and a European Family Office, in addition to previous investors who made follow-on investments.
TooMuchWifi is bridging the connectivity gap by providing underserved, densely populated parts of South Africa, such as townships, with high-speed, uncapped, and inexpensive fibre-backed Internet. The funds will be used to scale operations in order to improve presence in existing markets and extend into new communities.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh