TLDR
- Meanwhile closed an $82 million funding round led by Bain Capital Crypto and Haun Ventures
- The company provides Bitcoin-denominated life insurance, annuities, and savings products regulated by Bermuda Monetary Authority
- Total 2025 funding reaches $122 million after April’s $40 million Series A round
- Bitcoin assets under management grew over 200% driven by institutional and individual demand
- Meanwhile operates as the first Bitcoin life insurer globally, earning BTC through long-duration lending
Bitcoin life insurance company Meanwhile has completed an $82 million funding round to expand its cryptocurrency-based financial services. Bain Capital Crypto and Haun Ventures co-led the investment, with Pantera Capital participating.
The round included capital from Apollo, Northwestern Mutual Future Ventures, and Stillmark. This brings Meanwhile’s total 2025 funding to $122 million after raising $40 million in Series A funding in April.
Meanwhile operates under Bermuda Monetary Authority regulation. The company offers life insurance, annuities, savings products, and insurance bonds entirely denominated in Bitcoin.
CEO Zac Townsend said the mix of crypto-native and traditional finance investors demonstrates Bitcoin’s acceptance as a foundational asset. He expects insurers to treat Bitcoin as a complement to sovereign fixed income as regulation improves.
The company launched in June 2023 with $19 million in seed funding. Investors included OpenAI CEO Sam Altman and Google’s Gradient Ventures.
Growing Demand for Bitcoin Financial Services
Meanwhile reports Bitcoin assets under management increased over 200 percent. The growth reflects rising demand from both individuals and institutions seeking inflation-resistant savings options.
All premiums, policy values, and claims are managed in Bitcoin rather than traditional currencies. The company positions these products as protection against inflation and currency devaluation.
Meanwhile earns Bitcoin through conservative lending and private credit operations. The company focuses on long-duration loans with terms exceeding six months, establishing itself as a major Bitcoin lender in this category.
Building Bitcoin Capital Markets Infrastructure
Chris Ahn from Haun Ventures said the Bitcoin economy requires foundational financial products similar to traditional markets. He compared the need to insurance, pensions, and mortgages that built the U.S. economy.
Stefan Cohen from Bain Capital Crypto said Meanwhile creates compliant products that make Bitcoin accessible for individuals and institutions. The company partners with established insurers to deliver Bitcoin-linked savings and retirement products globally.
Meanwhile achieved several industry milestones. It became the world’s first Bitcoin-denominated life insurer and received Bermuda’s first long-term insurance license for cryptocurrency products.
The company has produced audited Bitcoin financial statements. It meets solvency and reserve standards comparable to traditional insurance carriers.
Crypto Insurance Market Development
The Bitcoin insurance sector continues expanding. Barbados-based Tabit raised $40 million in BTC in March 2025 to back traditional insurance policies.
New platforms are connecting insurance brokers with digital asset capital. Nayms operates an onchain marketplace linking capital providers and brokers through segregated accounts.
Ensuro functions as a blockchain-based reinsurer. It allows DeFi investors to diversify portfolios by taking on real-world insurance risk.
Meanwhile plans to use the new capital to expand product access through institutional partnerships. The company will scale Bitcoin-denominated life insurance, annuities, and savings products globally.
The insurance industry represents approximately three percent of global GDP. Meanwhile’s approach transforms how this sector integrates cryptocurrency assets into traditional financial products.
