Meanwhile raises $37.5 million as Bitcoin life insurance demand rises abroad

Meanwhile, a Bermuda-based life insurance company fully licensed to operate in Bitcoin, has secured $37.5 million in a fresh funding round led by Bain Capital Crypto. Other investors included Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital. Sam Altman is also among the notable backers. This latest capitalization brings Meanwhile’s total raised funds to over $180 million.

Rising demand from wealthy families

The company reported that demand for its Bitcoin-denominated life insurance products has been increasing outside the United States, especially in regions including Asia, Europe, and the Middle East. Meanwhile attributed this trend to growing macroeconomic uncertainty and an increased focus by high-net-worth individuals and families on succession planning for digital assets.

Zac Townsend, co-founder and CEO of Meanwhile, said that affluent families worldwide often already hold Bitcoin but have lacked regulated solutions for passing those assets on to future generations. Townsend explained, “Wealthy families around the world already hold Bitcoin. What they haven’t had is a regulated way to pass it on.”

We’re reaching a turning point where more high-net-worth clients are asking not just how to hold Bitcoin and digital assets, but how to plan around them and ultimately transfer that wealth to the next generation.