Meanwhile Completes $82 Million Funding Round, Led by Haun Ventures and Bain Capital Crypto

On October 7th, as reported by The Block, the crypto insurance company Meanwhile has successfully completed an $82 million funding round. This round was spearheaded by Haun Ventures and Bain Capital Crypto, with the participation of Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Stillmark, all with the aim of driving global business expansion. Earlier in April, Meanwhile raised $40 million in Series A funding. Framework Ventures and Fulgur Ventures took the lead in this round, and Wences Casares, the founder of Xapo crypto bank, also participated. As a result, the total funding to date has reached $143 million. Meanwhile raised these USD funds from investors mainly to purchase Bitcoin in order to strengthen its balance sheet and enhance its capital base. In this funding round, there was no involvement of traditional equity. Instead, investors' stakes will be converted into equity or Bitcoin based on the company's future performance.