BLOC Smart Africa leads USD 1 million round in TooMuchWifi, a South African internet service provider focused on underserved populations

The BLOC Smart Africa fund (BLOC SA), initiated by the Smart Africa Alliance and managed by Bamboo Capital Partners, has announced an investment of USD 585,000 in TooMuchWifi, a South African internet service provider. BLOC SA led the USD 1,000,000 Pre-Series A round, catalysing additional capital from Connectivity Capital, Atreyu Investments and a European Family Office together with existing investors who made follow-on investments.

TooMuchWifi is bridging the connectivity gap by bringing fast, uncapped and affordable fibre-backed Internet to under-serviced, densely populated areas of South Africa, like townships. The proceeds of the funding will go toward scaling operations to increase presence in the existing markets and expand into new communities.