Swedish WiFi sharing community Instabridge raises a $3 million round led by Balderton and MOOR

With over one million users connecting to 500,000 hotspots, Instabridge, the Stockholm-based WiFi sharing community has grown considerably over the last twelve months.

After raising a $1 million seed round from Creandum in October of last year, they've now raised a $3 million Series A led by Balderton and MOOR to capitalise on their growth, with a focus on emerging markets such as India, Brazil and Mexico.

Other investors to participate in the Series A were existing investors Creandum and rather interestingly, the venture arm of the mobile operator Swisscom.

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