Community Wi-Fi startup Instabridge lands $1M seed round

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.

Source: Instabridge
Source: Instabridge

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 won’t reveal the total number of nodes on its community network, it states the network is hosting 20,000 individual sessions and that new users are adding their Wi-Fi access points to the community at a rate of 1,000 new nodes each day. Instabridge says it’s seeing the most use in emerging markets like Mexico, Argentina, Brazil and India, though there has been a lot of activity in the U.S., Canada, Spain and the Netherlands as well.

Though Instabridge runs on Android only today, the startup says it has an iOS app in the works.