Degoo acquired the assets of Instabridge.

Sweden M&A 27 March 2019
Share on FacebookShare on Twitter

Degoo, a Stockholm, Sweden-based startup providing online storage services, announced that it acquired the assets of Instabridge.

The financial details of the deal were not disclosed.

Instabridge, also Stockholm-based, is operating a mobile-based community for wi-fi connections sharing. The company went bankrupt at the begninning of 2019 and had been funded with $8M in venture capital provided by investors including Balderton Capital, Creandum, Draper & Associates, GP Bullhound, Luminar Ventures and MOOR Capital.

Degoo was founded in 2012 by Mattias Nylitz and CEO Carl Hasselskog and offers a freemium storage service with 100GB for free.