# Safety Nest

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/safety-nest

- Industry: Insurance
- Headquarters: Palo Alto, US
- Website: www.safetywing.com
- Total disclosed funding: $47M
- Latest round: Series B (Apr 21, 2022)
- Investors on record: 9

## About

Safety Nest Inc. offers specialized global travel medical insurance primarily for remote workers and digital nomads, ensuring access to quality healthcare regardless of geographical barriers.Founded in 2017 and headquartered in Palo Alto, US, Safety Nest Inc. provides innovative insurance solutions for global travelers. The company has successfully completed 5 funding deals, with the most recent being a Series B round on April 21, 2022, where they raised USD 35.000 mn led by Kinnevik. The co-founders—Rae Chen, Sarah Sandnes, and Sondre Rasch—have a background in entrepreneurship, with Sondre Rasch currently serving as the CEO.SafetyWing specializes in global travel medical insurance tailored for remote workers and digital nomads. Their main offerings include Nomad Insurance and Remote Health, providing flexible coverage solutions across 175+ countries. Nomad Insurance offers two tiers—Essential and Complete—while Remote Health caters to businesses, ensuring comprehensive health coverage for employees and contractors in various international locations.SafetyWing generates revenue through subscription-based models for its insurance products, with various pricing tiers available for both Nomad Insurance and Remote Health. Their revenue structure is supported by direct transactions with consumers and businesses, addressing the needs of remote teams requiring adaptable insurance solutions.In April 2022, Safety Nest Inc. raised USD 35.000 mn in Series B funding, led by Kinnevik, to scale their remote health offering globally and further enhance their product. The company aims to expand its services into new markets, targeting regions where remote work is surging, while leveraging the recent funding to improve their existing offerings.

## Funding rounds

- Series B, Apr 21, 2022, $35M — Creandum, Kinnevik, DG Ventures, CreditEase Fintech Investment Fund, Mundi Ventures, byFounders
- Series A, Jan 22, 2021, $8M — Creandum, byFounders, Rocketship.vc
- Seed, Aug 1, 2019, $3.5M — DG Ventures, CreditEase Fintech Investment Fund, byFounders
- Seed, Mar 7, 2018, $0.5M — Innovation Norway, The Nordic Web

## Investors

- Innovation Norway — Seed
- The Nordic Web (https://capitalatlas.ai/funds/the-nordic-web) — Seed
- DG Ventures (https://capitalatlas.ai/funds/dg-ventures) — Seed, Series B
- CreditEase Fintech Investment Fund (https://capitalatlas.ai/funds/creditease-fintech-investment-fund) — Seed, Series B
- byFounders (https://capitalatlas.ai/funds/byfounders) — Seed, Series A, Series B
- Creandum (https://capitalatlas.ai/funds/creandum) — Series A, Series B
- Rocketship.vc (https://capitalatlas.ai/funds/rocketship-vc) — Series A
- Kinnevik (https://capitalatlas.ai/funds/kinnevik) — Series B
- Mundi Ventures (https://capitalatlas.ai/funds/mundi-ventures) — Series B