What is SafetyWing?
SafetyWing is a Norwegian-founded insurtech startup that provides comprehensive health insurance solutions tailored for the global remote workforce. By aiming to replicate the robust Norwegian social safety net on a worldwide scale, the company offers a suite of products designed for startups, businesses with distributed teams, and independent digital nomads. The platform simplifies the often-convoluted process of securing cross-border health coverage, ensuring that location-independent professionals and their employers remain protected regardless of their geographic footprint. As remote work transitions from a temporary necessity to a permanent fixture of the global economy, SafetyWing stands as a critical infrastructure provider for the future of work.
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 byFounders, Creandum, and Rocketship
Series B (2022): $35M supported by DG Ventures, byFounders, Kinnevik, and Mundi Ventures
Key Investors in SafetyWing
Creandum
Creandum is a leading European venture capital firm, supporting some of the most successful European technology companies such as Spotify, iZettle, and Klarna, with a focus on high-growth digital ventures.
Rocketship
Rocketship.vc is a global early-stage venture capital firm that utilizes machine learning and data science to identify and partner with high-potential companies in the technology and healthcare sectors.
Kinnevik
Kinnevik is an industry-focused investment company with a long history of building digital consumer businesses, partnering with talented founders to create fast-growing, well-governed enterprises.
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 sector. The company is expected to leverage these resources to enhance its technological infrastructure, potentially integrating more sophisticated data-driven underwriting models to better serve its growing client base. Furthermore, the strategic focus will likely shift toward deepening market penetration in key regions and refining its service offerings to meet the evolving compliance requirements of multinational corporations. As the firm scales, its ability to maintain its core value proposition—simplicity and accessibility—will be the primary determinant of its long-term dominance in the insurtech space.
See full SafetyWing company page
