Bitcoin life insurance startup Meanwhile has secured $82 million in a recent funding round led by Bain Capital Crypto and Haun Ventures.
The company, regulated by the Bermuda Monetary Authority, intends to utilize the funds to address the “surging demand” for Bitcoin-denominated retirement and “inflation-proof” savings products, as stated in a Tuesday announcement.
Meanwhile provides Bitcoin-based life insurance, annuities, savings products, and insurance bonds for both individuals and institutions, managing all premiums, policy values, and claims in Bitcoin (BTC).
Apollo, Stillmark, and Northwestern Mutual Future Ventures also participated in this funding round.
This latest funding increases Meanwhile’s total capital raised in 2025 to $122 million, following its $40 million Series A in April, which was led by Framework Ventures and Fulgur Ventures.
Zac Townsend, CEO of Meanwhile, shared with Cointelegraph that having investors from both the crypto and traditional finance sectors indicates that “both domains see Bitcoin as a foundational asset for savings, protection, and intergenerational wealth transfer.”
He further expressed that as regulations improve, he anticipates “insurers and reinsurers to view Bitcoin as a complement to sovereign fixed income.”
Investors supporting Meanwhile assert that a Bitcoin-based economy will heighten the demand for new BTC-denominated financial products. “Just as the US economy was built on insurance, pensions, and mortgages, the Bitcoin economy will necessitate its own long-duration financial products,” remarked Chris Ahn, a partner at Haun Ventures.
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Insurance in crypto
Meanwhile was founded in June 2023 with $19 million in seed funding from investors including OpenAI’s CEO Sam Altman and Google’s AI-focused fund Gradient Ventures.
In March 2025, Tabit, an insurer in Barbados, raised $40 million in BTC to support its conventional insurance policies. At that time, the company claimed to be the first property and casualty insurer to keep its entire regulatory reserve in Bitcoin.
A new market is emerging to connect insurance brokers and underwriters with digital asset capital.
Nayms is one such example — an on-chain insurance marketplace linking capital providers and brokers through segregated accounts.
An additional example is Ensuro, a blockchain-based (re)insurer that allows DeFi investors to diversify their portfolios by embracing real-world insurance risk.
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