Bermuda-Regulated Bitcoin Life Insurance Company Meanwhile Raises $82M

Meanwhile, the first fully bitcoin-denominated life insurance company, has announced an $82M Series B raise. The round, co-led by Bain Capital Crypto and Haun Ventures, brings the company’s total 2025 fundraising to $122M, following a $40M raise in April.

What’s the Scoop?

• Big Backers: Bain Capital Crypto and Haun Ventures led the $82M round. They were joined by Pantera Capital, Apollo, Northwestern Mutual, Future Ventures, and Stillmark. Meanwhile also counts OpenAI CEO Sam Altman as an early angle investor.
• Regulated BTC Insurance: Meanwhile operates under the oversight of the Bermuda Monetary Authority, offering life insurance and annuity products denominated in bitcoin (BTC). These products allow users to save and transfer wealth in BTC while maintaining regulatory standards akin to traditional life insurers.
• How It Works: The company invests held BTC into long-term private credit markets, generating yield to meet claims and solvency requirements. CEO Zac Townsend said the firm’s goal is to bring “life insurance’s long-term capital role into the Bitcoin economy.”
• Growth Momentum: Meanwhile’s bitcoin assets under management have surged 200% year-to-date, far outpacing bitcoin’s own 34% price rise. The firm plans to use new capital for international expansion, partnerships with traditional insurers, and new bitcoin-linked retirement tools.