Nairobi-Based CSquared Raises $100 Million

IT company CSquared announced the completion of $100 million in financing. Four investors contributed to the round: GV, Convergence Partners, International Finance, and Mitsui & Co.

CSquared builds metro fiber and wi-fi networks to help local providers connect more people to the Internet and to each other. The company was formed by Google’s Project Link in 2013.

According to the company, the new funding will help CSquared bring additional companies into the market, expand access, and lower costs.