Sweden’s Instabridge just raised $1 million to help it grow its network of free crowdsourced Wi-Fi. Creandum, a European VC that backed Spotify and iZettle early on, led the seed round while GP Bullhound and angel investors also participated.
Instabridge bears a resemblance to crowdsourced Wi-Fi provider Fon in that it creates a network of home and business access points anyone in its community can access. The big difference is that Instabridge doesn’t rely on any special routers or even require a software update to your existing router. Community members submit their password information through the Instabridge Android app, thereby opening their networks (or at least a partitioned section of their network) to everyone else.
U.S. broadband sharing startup Open Garden has released a similar app called WiFi Opener, but Instabridge has managed to build up quite the global following since it launched in 2012. Though Instabridge…
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