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Safetywing Increases $35 Million To Amplify Its Health Insurance Coverage Aimed At Nomads

Medical insurance is an critical safety internet for human beings round the arena, however challenges have emerged with the upward thrust of remote paintings. But safetywing is trying to change that via supplying awesome health insurance for nomads and far flung employees. Now not only does it work outside of a person’s home us of a, however businesses can cover personnel from around the world. To examine extra about safetywing and its vision for the future of medical health insurance, take a look at out the object beneath.

Safetywing, a startup that’s offering medical health insurance coverage to faraway employees, has secured $35 million in a series b round.

The startup, based in norway and now founded in san francisco, builds a medical insurance product for far flung people and so-called virtual nomads so organizations can offer coverage for a international group of workers in multiple locations.

Kinnevik led the collection b spherical with current traders creandum and byfounders and new investor mundi ventures taking part. It formerly raised $eight million from backers last 12 months.

Consistent with the startup, the new finances can be used to scale its flagship product far off fitness and create what it calls a “worldwide social safety net”.

Safetywing changed into founded in 2018 but seeing that 2020, with the onset of the pandemic and the mass shift to far flung working, it has located sparkling demand from workers which can be looking for medical insurance this is otherwise unavailable to them.
Chief govt sondre rasch defined remote running as “one of the greatest paradigm shifts of our era” but much of the infrastructure to guide that exchange is still at the back of.

“safetywing changed into launched due to the fact we noticed first-hand that whilst far off teams are worldwide, the infrastructure that supports them, just like the social safety net, isn’t,” rasch said.

“we built it because we as virtual nomads and with a far off crew wished it ourselves, and we realized we were not alone. We had been our first clients, and it’s been pretty a adventure to in which we’re these days. We broaden our products as software program – constantly updating them so that they’re usually tailored to the changing paintings existence – and have many extra in the pipeline nevertheless to come.”

Rasch is joined via cto sarah sandnes and coo hans nvyold kjellby with a group of a hundred scattered globally. It plans to build out extra products called remote physician and far flung retirement to address different troubles for employees, other than medical insurance, to provide a more holistic social protection internet service.

Tatiana shalalvand, investment director at lead investor kinnevik, stated supplying these blessings could be key in a faraway running international if companies are to attract and keep the excellent talent.

“groups are combating fiercely to draw the exceptional candidates which is speedy displaying employers the significance of providing far flung employees greater than just a competitive profits,” she said.

The authentic article may be discovered on forbes.

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