Meanwhile has raised $40 million in a Series A funding round led by Framework Ventures and Fulgur Ventures. The funding will support the company's innovative life insurance product utilizing bitcoin for premiums and claims.
Meanwhile, a life insurance startup that only uses bitcoin for premiums and claims, has closed a $40 million Series A funding round. The round was led by Framework Ventures and Fulgur Ventures, with participation from Wences Casares, the founder of crypto bank Xapo. This funding follows their previous raise of approximately $20 million in 2023. Meanwhile is now valued at $190 million.
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A new round usually means Meanwhile is about to hire and buy. The teams that reach out first get the meeting.
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Who you already know at Meanwhile, from your own LinkedIn network
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Company Information
Company
Meanwhile
Location
90 Pitts Bay Road
Hamilton, Pembroke, Bermuda
About
Meanwhile’s mission is to leverage digital assets to provide protection and retirement services globally. Meanwhile Incorporated's subsidiary, Meanwhile Insurance Bitcoin (Bermuda) Limited, is the world's first Bitcoin life insurer. Regulated by the Bermuda Monetary Authority as a Class ILT insurer, Meanwhile Insurance is a fully functioning and launched life insurance company denominated in Bitcoin. Meanwhile’s systems allow users to easily apply for their BTC life insurance policies, a tax-advantaged way to make a portion of policyholders’ BTC active. Confident that BTC is on pace to become a global store of value and functional currency, the company’s licensed and regulated Bermuda subsidiary is entirely denominated in BTC, accepting all premiums and paying out all claims in BTC.
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