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.

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to Tech.eu, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.