WiFi sharing community Instabridge raises a $3 million round led by Balderton and MOOR

Instabridge, a Stockholm, Sweden-based company managing a Wi-Fi sharing community and mobile app, announced that it’s raised a $3 million Series A round led by Stockholm-based MOOR and London-based Balderton Capital.

The round also includes previous backer Creandum, in addition to Swisscom Ventures, the venture arm of mobile operator Swisscom.

Instabridge was founded in 2012 by Erik Tigerholm and Niklas Agevik and provides an iOS and Android app acting as a Wi-Fi locator and manager, powered by a crowdsourced database of Wi-Fi hotspots.