Sam Altman-backed bitcoin (BTC) insurer Meanwhile raises $37.5 million investment
Summary
Bitcoin-focused life insurer Meanwhile raised $37.5 million in a round led by existing investor Bain Capital Crypto, with Haun Ventures, Framework Ventures, Pantera Capital, Apollo and others participating. The Bermuda-based company has raised $180 million in total and is expanding beyond the U.S. It sells policies whose premiums and death benefits are denominated in bitcoin, including a single-premium product offering a guaranteed BTC-denominated benefit. Licensed by the Bermuda Monetary Authority in 2024, Meanwhile has signed 15 brokers serving wealthy clients in Switzerland, Singapore, Hong Kong and the UAE.
