What is Csquared?
CSquared is a technology company focused on making commercially driven investments into broadband-enabling infrastructure throughout Africa. Recognizing that abundant and affordable broadband is transformative, CSquared invests in internet infrastructure and makes it available to local Internet Service Providers (ISPs) and Mobile Network Operators (MNOs). This strategy aims to bring high-quality broadband access to Africa's large urban centers, thereby empowering communities and fostering economic opportunities.
How much funding has Csquared raised?
Csquared has raised a total of $25M across 1 funding round:
Other Financing Round
$25M
Other Financing Round (2023): $25M with participation from World Bank Group, International Finance, and Convergence Partners
Key Investors in Csquared
World Bank Group
The World Bank Group is an international organization providing loans, guarantees, and advisory services to middle-income and creditworthy countries to support sustainable development and poverty reduction. It plays a crucial role in coordinating regional and global development responses.
International Finance
International Finance Corporation is a multilateral financial institution dedicated to mobilizing capital and expertise for sustainable development in emerging markets. It provides financial solutions and advisory services to support private sector growth and infrastructure development.
Convergence Partners
Convergence Partners specializes in ICT investment focused on fostering growth in Africa through financial and social initiatives. They partner with companies like CSquared to advance digital connectivity and resilience across the continent.
What's next for Csquared?
The substantial enterprise-level funding indicates CSquared is in a scaling phase, poised for significant expansion of its broadband infrastructure initiatives across the African continent. This strategic investment will likely fuel further development and deployment of critical digital infrastructure, enabling wider access to affordable, high-quality internet. CSquared's focus on partnering with local ISPs and MNOs suggests a continued commitment to a collaborative model for market penetration and sustainable growth.
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