Start-up of the day: Instabridge, WiFi in crowdsourcing

by bold-lichterman

Instabridge is a Swedish start-up based in Stockholm. Launched in 2012 by Niklas Agevik, it started with a large connection sharing project. The application made it possible to connect to the Internet networks of his Facebook friends, who shared their codes. The company has since expanded its database. Each user can connect to the WiFi of Instabridge community members.

This WiFi crowdsourcing differentiates the application from its competitors. Indeed Auto Connect WiFi or FreeWiFi Manager only give access to nearby public networks. Instabridge, downloadable only from Android, also connects the smartphone with free networks such as those of McDonald’s or Starbucks. The service has approximately 1,000 network additions and 20,000 user connections per day.

The start-up wants to expand its community

In October 2014, Instabridge closed a round of funding at 780,000 euros. The fundraiser was led by Creandum and brought together GP Bullhound as well as various business angels. They include Niall Murphy, co-founder of TheCloud, Scott Bannister, co-founder of IronPort, and Felix Hagnö, co-founder of TradeDoubler. The Swedish start-up thus wishes to expand its community. Already present in the Spanish, Dutch, Canadian and American markets, the application is registering more and more members in Mexico, Argentina, Brazil and India.

Founder: Niklas Agevik

Creation date: 2012

Investors: Creandum, GP Bullhound, Niall Murphy, Scott Bannister, Felix Hagnö …

Company based in: Stockholm, Sweden

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