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STOA invests $27 million in Atlas Tower Kenya to expand telecom infrastructure, enhancing digital connectivity nationwide.

PRIVATEOct 03, 2025

Amount Raised

$27 Million

Round Type

Funding Round

HardwareInternetTelecommunications

Investors

Kalahari CapitalStoa

Description

STOA has announced a $27 million strategic equity investment in Atlas Tower Kenya (ATK). This investment aims to accelerate ATK's growth and support its commitment to bridging Kenya’s digital divide. ATK has been expanding its footprint across Kenya since 2019 with over 450 telecom towers. The partnership combines capital with development expertise to enhance operational expansion and sustainability goals.

Who else raised in Hardware and Internet around the same time

Companies in the same sectors as Atlas Tower Kenya that raised within 45 days of this round, from Fundz verified event records.

  • Brightspeed raised $111M (Funding Round) on September 8, 2025.
  • Nxgsat raised $1.3M (Seed) on October 21, 2025.
  • Alyrica Networks raised $4.3M (Seed) on October 20, 2025.
  • Wytec International raised $94K on October 15, 2025.
  • Mawingu raised $20M (Series C) on October 1, 2025.
  • Microamp raised an undisclosed amount (Funding Round) on September 16, 2025.

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Company Information

Company

Atlas Tower Kenya

Location

2500 30th St

About

Atlas Tower Kenya is one of the country’s fastest-growing independent telecom tower operators. Since 2019, the company has been expanding its footprint across Kenya with a portfolio of over 450 telecom towers. It supports mobile network operators and enhances digital connectivity nationwide, focusing on both urban centers and underserved communities. Atlas Tower Kenya is committed to bridging Kenya’s digital divide through sustainable and inclusive connectivity.

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Atlas Tower Kenya raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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