Altman-Backed Bitcoin Insurer Meanwhile Raises $37.5M

Meanwhile, a bitcoin-focused life insurer backed by OpenAI founder and CEO Sam Altman, has raised $37.5 million as it pushes into markets outside the U.S.

Bain Capital Crypto leads the round

Existing investor Bain Capital Crypto led the round, joined by Haun Ventures, Framework Ventures, Pantera Capital, Apollo and others.

The new capital brings the Bermuda-based company’s total funding to $180 million, according to an emailed announcement on Thursday.

The raise comes one year after Meanwhile secured $82 million in its previous round.

Policies paid and settled in bitcoin

Meanwhile sells life insurance policies where both the premiums and the death benefits are denominated in bitcoin instead of traditional currencies.

The model is part of a broader effort to build the largest cryptocurrency into traditional wealth management, extending its role beyond investing and trading and into inheritance and insurance.

Earlier this year, the company introduced BTC Life 1-Pay, which lets customers pay a single bitcoin premium in exchange for a guaranteed death benefit paid out in BTC.

Expanding to wealthy clients abroad

Meanwhile received an insurance license from the Bermuda Monetary Authority in 2024.

It has since signed 15 brokers serving high-net-worth clients in markets including Switzerland, Singapore, Hong Kong and the United Arab Emirates.

The broker agreements are part of the company’s push to grow its business beyond the U.S.