Wi-Fi sharing community Instabridge picks up backing from Draper Associates


Swedish startup Instabridge, a Wi-Fi sharing community and mobile app, has picked up $1 million in new funding. Noteworthy for a European startup is that Silicon Valley investor Tim Draper’s Draper Associates has led the round, with participation from existing backer Balderton Capital.

Originally founded in late 2012 as a way to enable you to share your home Wi-Fi with friends on Facebook, the Stockholm-based company has since pivoted to become a broader Wi-Fi sharing community, and one that recently found traction in developing markets where cellular data remains prohibitively expensive.

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