What is SafetyWing?
SafetyWing is a Norwegian-founded insurtech startup dedicated to replicating the comprehensive social safety net on a global scale. The company specializes in health insurance and benefit schemes designed specifically for remote-first businesses and distributed teams. By abstracting the complexities of local insurance regulations, SafetyWing enables organizations to offer standardized coverage to employees regardless of their geographic location. This market position is increasingly vital as enterprises compete for global talent, necessitating a shift away from traditional, location-bound insurance models toward flexible, digital-native alternatives.
How much funding has SafetyWing raised?
SafetyWing has raised a total of $46.5M across 3 funding rounds:
Angel/Seed
$3.5M
Series A
$8M
Series B
$35M
Angel/Seed (2019): $3.5M, investors not publicly disclosed
Series A (2021): $8M led by Rocketship, Creandum, and byFounders
Series B (2022): $35M supported by Kinnevik, byFounders, Mundi Ventures, and DG Ventures
Key Investors in SafetyWing
Rocketship.vc
A global early-stage venture capital firm that utilizes machine learning and data science to identify and partner with high-growth technology and healthcare companies.
Creandum
A premier European venture capital firm known for supporting transformative technology companies and providing deep operational expertise to its portfolio.
Kinnevik
An industry-focused investment company that partners with founders to build digital consumer businesses that provide long-term social and shareholder value.
What's next for SafetyWing?
With the recent influx of capital, SafetyWing is well-positioned to accelerate its product roadmap and expand its footprint in the enterprise benefits sector. The strategic focus will likely shift toward deepening its integration with global HRIS platforms and enhancing its automated compliance engines to handle the nuances of international labor laws. As the company scales, the emphasis will remain on maintaining its founder-centric ethos while scaling its operational capacity to meet the demands of large-scale, multinational clients. Future growth will be driven by the continued adoption of remote-first policies, positioning SafetyWing as an essential utility for the borderless enterprise.
See full SafetyWing company page
