Kenyan Low-Cost Isp Poa Internet Secures $28 Million In Round Led By Afdb-Backed Africa50, Plans To Link Region With Cheap, Limit-Free Connectivity
Jan 18, 2022•over 3 years ago
Amount Raised
$28 Million
Other
Description
In 2020, Africa50, an infrastructure financier backed by the Africa Development Bank (AfDB) Group and a good number of African governments, hosted an innovation challenge that sought affordable and reliable solutions for last-mile internet connectivity across the continent. A proposal by Poa Internet, a Kenyan startup beat 673 others from across the world as a result of which it was added to Africa50’s investment pipeline in addition to winning a cash prize.
Funding Insights
Based on industry dataTech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech