SafetyWing raises $35M Series B 150 employees across 60+ countries $34.1M annual revenue in 2024 Project Plumia: building a country on the internet Y Combinator W18 alumni Two YC companies - W16 & W18 Nomad Insurance active in 180+ countries SafetyWing raises $35M Series B 150 employees across 60+ countries $34.1M annual revenue in 2024 Project Plumia: building a country on the internet Y Combinator W18 alumni Two YC companies - W16 & W18 Nomad Insurance active in 180+ countries
YesPress Profile — Entrepreneur / CEO

Sondre
Rasch

The man from Bergen who looked at the world's 1 billion borderless workers and asked: who's looking after them?

SafetyWing Digital Nomads Internet Country YC W18 Insurtech
$46.6M Total Raised
$34.1M Annual Revenue
150+ Employees
Sondre Rasch, Co-founder and CEO of SafetyWing Co-founder & CEO

The Norwegian Who Is Building a Welfare State on the Internet

At age 12, Sondre Rasch was running a web hosting company. Not from a garage in Silicon Valley. From Bergen, Norway - through a browser window, with people he had only ever met inside a browser window. He had found his business partners inside a multiplayer game called Planetarion, learned PHP and server administration without a teacher, and eventually sold the customer base to a local ISP. That company was called SolidHost.

That origin tells you something the LinkedIn bio does not. He wasn't drawn to startups by the money. He was drawn to the thing the internet makes possible: building real things with real people you have never physically met, across borders that do not apply online.

He went on to serve as a sniper in the Norwegian Army, study economics at the Norwegian School of Economics (NHH) in Bergen and take coursework at UC Berkeley, and then spend time as a policy advisor to the Government of Norway - working on exactly the kind of social safety net infrastructure that his home country is famous for. Norway's welfare model is one of the most comprehensive in the world. He absorbed how it worked from the inside.

We're modeling it off the Norwegian social safety net - but building it globally, digitally, on the internet.
- Sondre Rasch, SafetyWing

The direct line from Norwegian civil servant to Y Combinator CEO runs through a company called Superside. Rasch co-founded the freelance design platform (then called Consus) with a college friend, took it through Y Combinator's W16 batch, and watched it grow to nearly 1,000 employees. While building Superside's distributed workforce, he ran into the problem that would become his life's work: the freelancers and remote workers building the product had no safety net. No portable insurance. No pension. No disability coverage. The employment infrastructure of the 20th century was simply absent for 21st-century work.

In early 2016, the insight crystallized so sharply he couldn't sleep. The problem was enormous. The solution was structurally available. No one was building it at scale. He left Superside on good terms with his co-founder, gathered Sarah Sandnes (CTO) and Hans Kjellby (COO) - both from Norway's policy world - and built SafetyWing. They brought it to Y Combinator's W18 batch, making Rasch one of the rare founders to go through YC twice with two different companies.

SafetyWing launched with Nomad Insurance - affordable travel medical coverage priced for people who live outside a single country's system. The product was designed to work the way a digital nomad actually lives: pay monthly, cancel anytime, covered while crossing borders. The company later added Remote Health for nomads and Remote Health for distributed companies, giving employers a way to cover contractors and employees in 180+ countries through a single platform.

In many practical senses, there are no borders anymore. We can work together, transact, build companies, completely online. But governments haven't caught up.
- Sondre Rasch

By April 2022, SafetyWing had closed a $35M Series B led by Kinnevik - bringing total funding to $46.6M. The company was generating $34.1M in annual revenue by 2024, serving tens of thousands of customers through a team of 150 people distributed across 60+ countries. That team itself operates with a deliberate structural choice: equal salaries regardless of location. An engineer in San Francisco earns the same as an engineer in Lagos. It is a policy statement dressed as an HR policy.

The insurance products are the revenue engine. But they are not the endgame. The endgame is Project Plumia - a volunteer-driven initiative Rasch launched to design what he calls "a country on the internet." A digital nation with its own passport, portable welfare system, and social infrastructure. The philosophical blueprint comes partly from David Deutsch's book The Beginning of Infinity, which gave SafetyWing its core company value: "all problems are solvable." The implementation is less abstract. An MVP nomad border pass was in development as of 2024.

He hosts the Building Remotely podcast, interviewing founders building distributed companies. He is influenced by Paul Graham, Sam Altman, and the rationalist writer Eliezer Yudkowsky, whose blog he encountered at age 12. He validated ideas by crossing multiple types of reasoning - economics, game theory, and idealistic vision - because he believes the public discourse is "a rollercoaster of fashion" that is structurally bad at identifying what is real.

His favorite places to work from are Bali, Tulum, and Tuscany. He once helped run a political campaign in Bergen that won 9 city council seats. The thread connecting all of it is the same: systems, scale, and freedom of movement - and the persistent belief that the problem of "what happens to you when your country's borders stop mattering" is a problem worth solving properly, at a global level, right now.

SafetyWing at Scale

Total Funding
$46.6M
Including $35M Series B in April 2022, led by Kinnevik with DG Ventures, byFounders, and Mundi Ventures
Annual Revenue (2024)
$34.1M
Across Nomad Insurance and Remote Health products serving customers in 180+ countries
Team Size
150+
Fully distributed across 60+ countries, with equal salaries regardless of employee location
YC Batches
2x
W16 with Superside, W18 with SafetyWing - one of a small group to pass through YC twice as a founder
The internet is already our shared home. Now it's time to build the institutions that make it livable.
- Sondre Rasch

From Planetarion to Plumia

~2007
Founds SolidHost with online friends from MMORPG Planetarion - learns PHP and server management at age 12
~2009
Co-founds NorJobs, an online recruiting platform targeting the European market
2012-2014
Serves as a sniper in the Norwegian Army
2014-2016
Policy advisor to the Government of Norway - works on social safety net policy from the inside
2016
Co-founds Superside (then Consus) - enters Y Combinator W16 batch; leads Bergen city council campaign winning 9 seats
2017
Identifies the social safety net gap for remote workers through Superside experience; the insight keeps him awake all night
2018
Co-founds SafetyWing with Sarah Sandnes and Hans Kjellby - accepted into Y Combinator W18
2020-2021
Scales SafetyWing to 60,000+ customers; launches Remote Health for companies; initiates Project Plumia
2022
Closes $35M Series B led by Kinnevik; total funding reaches $46.6M
2024
SafetyWing reaches $34.1M annual revenue; Plumia nomad border pass MVP in development

Verified Achievements

Passed through Y Combinator twice - once with Superside (W16) and once with SafetyWing (W18)
Grew SafetyWing to $34.1M annual revenue and 25,000+ active customers by 2024
Raised $46.6M in total funding, including a $35M Series B from Kinnevik in April 2022
Built a 150-person fully distributed team spanning 60+ countries, operating with equal salary policy regardless of location
Launched three insurance products covering 180+ countries: Nomad Insurance, Remote Health for Nomads, Remote Health for Companies
Founded Project Plumia - volunteer initiative designing a "country on the internet" with digital citizenship and portable welfare
Hosts the Building Remotely podcast interviewing distributed-company founders
Led Bergen city council campaign that elected 9 representatives

Project Plumia: A Country on the Internet

SafetyWing is not the end product. It's the revenue model for something more ambitious: a full digital nation. Project Plumia is Rasch's attempt to design what a software-based country would actually look like - portable welfare, a digital passport, democratic governance, social infrastructure for anyone on earth regardless of birth country.

The concept borrows structurally from Norway's welfare state and operationally from the internet's statelessness. An MVP nomad border pass was in active development as of 2024. The project is volunteer-driven and open to contributors globally.

🌎

Global Social Safety Net

Portable insurance, pension, and disability coverage that travels with you - not tied to your employer or your passport.

📄

Digital Passport

An internet-native identity and citizenship that functions as a credential for movement and access, independent of physical nationality.

👨‍💻

Equal Access to Opportunity

The same structural advantages that citizens of wealthy nations take for granted, made available to anyone willing to work, regardless of where they were born.

Software-Based Infrastructure

Welfare, governance, and rights defined in code and run online - built to evolve, transparent by design, auditable by default.

Quotes

All problems are solvable.
It's just as hard to solve an enduring problem as a timely temporary one. But temporary ones go away.
People underestimate how much freedom improves well-being. But once you have it, it's hard to go back.
The public conversation is really poor at discerning what's real. It comes across as a rollercoaster of fashion.
We're seeing this big resettlement. People are moving not where their job is, but where they actually want to live.
If I discover something in multiple ways, that increases its likelihood of being real.

Things Worth Knowing

🎮 He founded his first company at age 12 through connections he made inside the online multiplayer game Planetarion. The company sold web hosting. It was profitable.
🏳️ He served as a sniper in the Norwegian Army before studying economics. Not a typical founder CV line.
📚 SafetyWing's company culture value - "all problems are solvable" - comes directly from philosopher David Deutsch's book The Beginning of Infinity.
🚀 SafetyWing pays equal salaries regardless of where employees live. An engineer in San Francisco earns the same as an engineer in Lagos. It's policy.
🏮 He encountered rationalist writer Eliezer Yudkowsky's blog at age 12 - it reshaped his intellectual framework and introduced him to Silicon Valley's tech subculture years before he set foot there.
🎬 Hosts the Building Remotely podcast - interviewing remote-first founders on everything from distributed culture to company scaling.

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