Bitcoin Magazine Bitcoin Life Insurer Meanwhile Raises $37. 5M as Wealthy Families Look to Pass On Their BTC Meanwhile , the first life insurer licensed to operate entirely in Bitcoin, has raised $37. 5 million in new funding from its existing investors, the company announced . Bain Capital Crypto led the round, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Morgan Creek Digital. The raise brings Meanwhile’s total funding to more than $180 million. Sam Altman is also among its backers. The company said the round follows a surge in demand for its Bitcoin life insurance policies outside the US, particularly in Asia, Europe and the Middle East, amid broader macroeconomic instability. “Wealthy families around the world already hold Bitcoin. What they haven’t had is a regulated way to pass it on,” Zac Townsend, Meanwhile’s co-founder and CEO, said in a statement.
- The raise brings Meanwhile’s total funding to more than $180 million.
- It is the company’s second product line, after BTC 10-Pay, which is designed for US taxpayers.
Source: Bitcoin Magazine
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