As mobile video, cloud-based storage and other data-intensive services grow in popularity, consumers are always looking for ways to hold on to their paid-for data and make use of publicly accessible wi-fi. Swedish startup Instabridge aims to help people do just that, and the company has just received $1m (£764,000) in funding to power its services.

The mobile app is based around a community of users, all of whom share their home wi-fi details, enabling others to log on easily and quickly. The service has also built a crowdsourced database of free wi-fi hotspots that covers everything from Starbucks and McDonalds to public venues like libraries and museums.

The app has 2m users and is growing fastest in emerging markets such as Mexico, Brazil and India where data rates remain prohibitively expensive but there is growing demand for data-heavy services. The new investment will be used to invest in growth and speed up the rollout of the app to even more markets.

Instabridge previously raised $3m in Series A funding back in late 2015, but this smaller round is notable for including Silicon Valley investor Tim Drapers Draper Associates, who led the funding this time around, along with existing investors Balderton Capital.

The company is based in Sweden but has recently established a team in Brazil as part of its growth efforts, and the firm has ambitions to pivot to recommending products and services to users once it aims to start bringing in revenues.

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