🦄 Unicorner Startup of the Week:
Insured Nomads
 
 ✍️ Notes From The Editors  
Happy Monday! We're excited to share an InsurTech startup for digital nomads this week. 
 
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International insurance for digital nomads
 
 
Insured Nomads provides insurance for digital nomads, people who travel while working remotely. The company offers multiple plans on an individual or group basis. As of now, it provides travel insurance, global health insurance, and has protection plans coming soon.
 
 
🔗 Check them out: insurednomads.com
 
 
💰 Business Model
The company offers quotes for multiple types of coverage based on lifestyle. It offers the World Explorer plan for single trips away from home country, the World Explorer Multi plan for multiple trips with visits to the home country in between, the World Explorer Guardian plan for extra benefits, and the Preferred Global Health and Preferred Plus Global Health plans for global health insurance. It also offers Group Offerings, meant for use by remote teams and international assignees.
 
📈 Traction and Fundraising
  • Raised a pre-seed round from crowdfunding and investors including Mucker Capital, BP Capital Management, Hustle Fund, Draper Startup House Ventures, Sukna Ventures, Mana Ventures, Mat Sherman, Julia Lipton, Kenny Tucker, and more
  • #1 Product of the Day on Product Hunt
 
👫 Founders
  • Andrew Jernigan, CEO: Currently On Deck Scale Fellow @ On Deck, Co-Host @ The New Nomad Podcast; Previously Director of Business Development @ ​​FocusPoint International, President @ International Care, Operations Manager @ Iris Global, Bachelor’s @ Samford University
  • Allen Koski, CIO: Previously Global Benefits Professional @ Self-employed, SVP @ UnitedHealth Group, Eastern Region and Canada VP @ CIGNA Global Health Benefits, PoliSci and Government @ Drew University
  • Brett M Estep, COO: Previously EVP @ World Trade Resource, Regional Vice President Sales Marketing @ Aetna, Senior Consultant @ Holmes Murphy & Associates, Operations Management @ UnitedHealthcare, International Business MBA @ Southern Methodist University
  • Juliana Araujo Jernigan, CMO: Previously Global Health and Wellbeing Lead @ Vale, Research Manager @ Shoreland, Medical Director and Co-Founder @ International Care, Occupational Health and Safety MPH and MBA @ University of Alabama at Birmingham, M.D. @ Faculty of Medical Sciences of Minas Gerais
  • Markus Zettner, Board Member: Previously Global Networks VP @ UnitedHealthcare, Global Network Development AVP @ MetLife, Global Provider Network Services AVP @ AIG, Ambulatory Care Management MHSA @ The George Washington University School of Medicine and Health Sciences, Business BBA @ University of San Diego
 
🔮 Our Analysis
Ever since the pandemic made working from home the new norm for many employees, digital nomadism has been on the rise. While this enables many to travel to and explore new cities as they work, it brings the added complication of figuring out insurance while on the move. Insured Nomads is addressing this by focusing on digital nomads as its target audience. By providing multiple plans catered to the different lifestyles of digital nomads—for example, it offers a plan for the traveler that often comes back to their home country and offers another plan for the traveler that spends more time abroad—Insured Nomads directly addresses multiple segments within its niche. This, combined with how its plans can be used through a B2C model, where the customer purchases from its site, and through a B2B model, where employers provide insurance to remote workers, there is a plan for every digital nomad. Moreover, the company differentiates itself by offering various tech-enabled services in an industry ready for disruption. With more workplaces than ever embracing a remote-friendly culture, Insured Nomads is poised to provide insurance plans to many people.
 
📚 Further Reading
 
 
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🎁 Bonus Content!
thirdweb, a company we covered only a couple of months ago, has just raised its Series A! The company, which is building a platform to enable developers to build web3 applications, is worth checking out, particularly if you're interested in building for web3.
 
 
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