Bitcoin life insurance firm Meanwhile secures $37 million in funding, led by Bain Capital Crypto.
1 hours ago
According to Axios, Bitcoin life insurance provider Meanwhile, backed by Sam Altman, has completed a new $37 million funding round, valuing the company at $350 million. The round was led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital. The capital will be used to meet demand for Bitcoin-denominated life insurance in Asia, Europe, and the Middle East. Headquartered in Bermuda, Meanwhile is the first life insurance company fully licensed to operate entirely in Bitcoin. Since its founding, the firm has signed on 15 brokerages serving high-net-worth families, with operations spanning key insurance hubs including Singapore, Hong Kong (China), the United Arab Emirates, and Switzerland. Meanwhile’s total funding to date exceeds $180 million.
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