Moor and Balderton lead $3m series-A for Instabridge

The funding round also saw participation from the venture vehicle of Swiss mobile operator Swisscom, as well as Creandum – a Swedish VC and existing investor in Instabridge.

Instabridge will use its newly raised capital to fund continued growth in emerging markets, with a particular focus on Brazil, Mexico and India. The cash will also be spent on developing the company's product and expanding its team.

In October 2014, Creandum led a $1m seed round for Instabridge, alongside GP Bullhound and several business angels.

Company
Founded in late 2012, Instabridge develops a wifi manager app that allows users to share wireless internet hotspot information, giving them access to wifi hotspots shared by the community.

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• Topics
• Nordics
• Expansion
• Technology
• Sweden
• Creandum
• Balderton Capital