Share Raises Seed Funding Led by Greenfield Capital to Build Africa’s Internet Backbone

Share, an internet infrastructure network developing a hyperscale internet system to aggregate fragmented telecom infrastructure into a decentralized and interoperable network, announced its seed funding round on April 13, 2026. Greenfield Capital led the round, with participation from Kosmos VC, Generative Ventures, Zee Prime Capital, and other strategic funds and angels. The amount raised remains undisclosed. Share builds an open-access model that connects fragmented Internet Service Providers (ISPs) in Africa to core infrastructure, enabling providers to deliver faster speeds without higher costs.

Funding Overview

Greenfield Capital led Share’s seed funding round, with participation from Kosmos VC, Generative Ventures, and Zee Prime Capital, alongside additional strategic funds and angel investors.

The funding supports Share’s expansion of its city-level fiber backbone and software stack in Kenya and similar African markets. Share operates a revenue-share model where ISPs manage last-mile customer relationships while Share handles transport, routing, and billing infrastructure. Recent early-stage funding momentum in infrastructure and fintech, including developments like Enhanced Raises $1M, reflects growing investor confidence in foundational technologies, providing broader context for Share’s expansion strategy.

About the Company

Share develops shared infrastructure that aggregates thousands of small and mid-sized ISPs in Kenya and structurally similar African markets. The company connects these ISPs directly to global internet core infrastructure, including submarine cables, carrier-grade Points of Presence (PoPs) in neutral data centers, and major content delivery networks (CDNs) such as Meta, Google, Akamai, and Cloudflare.

Key components include:

• A city-level redundant fiber ring, with over 40 kilometers deployed in Mombasa, Kenya.
• Micro-PoPs at tower sites and strategic locations to interconnect nearby ISPs.
• A unified software layer for routing, authentication, billing, and revenue sharing.

Share has secured presence in nearly all key carrier-grade data centers in Kenya and access to over 1,000 kilometers of fiber. The model is live in Mombasa, Kenya’s second-largest city, and targets replication in other dense urban markets. Share plans to integrate stablecoin-based settlement and on-chain infrastructure financing to improve capital efficiency for ISPs facing limited access to traditional financing. The team includes engineers from Fortinet, MTN, Huawei, and large West African ISPs.

Investors

• Greenfield Capital led the seed round for Share.
• Kosmos VC
• Generative Ventures
• Zee Prime Capital
• Other strategic funds and participated in Share’s seed round.

Market Context

Africa faces fragmented inland internet distribution despite abundant coastal capacity from submarine cables like Meta’s 2Africa and Google’s Equiano. In Kenya, over 400 licensed ISPs exist, with active operators likely exceeding 10,000, many serving single buildings.

Structural inefficiencies include:

• Multiple resale layers adding cost and complexity.
• Higher bandwidth costs for small ISPs buying in low volumes.
• Limited redundancy leading to outages.
• Dependency on large telecoms that compete with smaller operators.

Internet costs in Africa equal about 15% of monthly GNI per capita, versus 3% globally. In Kenya, home packages range from $15 to $150 monthly against a median income of roughly $170. An estimated 850 million Africans lack internet access. Research links a 10% increase in broadband penetration to 1-1.5% higher GDP growth in developing economies.

Share’s model removes intermediary layers, aggregates demand, and standardizes operations, allowing ISPs to offer speeds up to 20 times the market average at lower costs.