SafetyWing, an Oslo, Norway-based startup that offers medical insurance for digital nomads, raised $3.5m in seed funding.
The round was led by byFounders, with participation from Credit Ease Fintech Fund and DG Incubation.
The company intends to use the funds to continue to expand operations and its business reach and build out a product collection of insurance, pension savings and income protection.
Led by CEO Sondre Rasch, CTO Sarah Sandnes and COO Hans Kjellby, SafetyWing provides a medical travel insurance product, which cover people from all over the world, while outside their home country.
People can sign up for the insurance even if their journey has already started, from a chosen start date, an insurance automatically extends every 28 days until they pick an end-date. For every 90 days, users can use medical coverage for 30 days in their home country if something happens while there.
1 young child per adult, up to 2 per family, age between 14 days and 10 years old, can be included on the insurance without added cost.
SafetyWing was a member of the Y Combinator Winter 2018 batch.