Dealflow | August 6, 2019

SafetyWing raises $3.5 million to build “safety nets” for digital nomads

Dennis Price
ImpactAlpha Editor

Dennis Price

ImpactAlpha, Aug. 6 – Technology and the internet make it possible for people to live and work from where they want. Most insurance policies and social safety net programs, however, are only available to people in their home country.

SafetyWing, a Y Combinator graduate, is building a “global social safety net” targeting digital nomads and remote workers. The first product from the Norway-based startup is a subscription-based travel medical insurance available to anyone living outside of their home countries.

The firm raised $3.5 million in seed funding led by Nordic and Baltic-focused VC byFounders. Credit Ease Fintech Fund and DG Incubation also participated.