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Remote worker health insurance company SafetyWing has raised $35 million in a Series B funding round.
The startup offers companies health insurance products for their remote workers and digital nomads, who are often left to their own devices when it comes to finding healthcare coverage.
SafetyWing will use the funding to grow its flagship product Remote Health and create a “global social safety net.” The Series B was led by Swedish investment firm Kinnevik.
“SafetyWing was launched because we saw first-hand that while remote teams are global, the infrastructure that supports them, like the social safety net, is not,” said Sondre Rasch, CEO of SafetyWing. “We built it because we as digital nomads and with a remote team needed it ourselves, and we realized we were not alone.”
Moving forward, SafetyWing hopes to add other services such as a Remote Doctor and Remote Retirement, expanding the social safety net for these professionals.
“Companies are battling fiercely to attract the best candidates which is quickly showing employers the importance of offering remote workers more than just a competitive salary,” Tatiana Shalalvand, investment director at Kinnevik.
