INSUBCONTINENT EXCLUSIVE:
by Magnus Bergman and Jacob Key), with participation from previous backers Balderton Capital, Draper Associates, Moor, and Creandum
The company had previously raised around $5 million.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 has found traction in
developing markets where cellular data remains prohibitively expensive.The Instabridge app lets you share the details of any Wi-Fi hotspot
with other Instabridge users, and provides access to Wi-Fi hotspots shared by everyone else in the community
This has enabled it to build a crowdsourced database of Wi-Fi hotspots, in addition to a list of known public venues that have free Wi-Fi,
population of over 1 billion people, of which it says only 400 million currently have internet access
mission of expanding internet access in developing countries where internet services remain relatively expensive and yet access to the
Users, and is growing at a rate of 50,000 new users per day
The Instabridge database now houses the details of 2 million Wi-Fi spots.
