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Hamilton, Bermuda – April 10, 2025 – Meanwhile, a pioneering life insurance company offering Bitcoin-denominated policies, today announced the closing of a $40 million Series A funding round. The round was co-led by Framework Ventures and Fulgur Ventures, with participation from Wences Casares, founder of crypto bank Xapo. This latest investment brings Meanwhile’s total funding to approximately $60 million and values the company at $190 million.
Meanwhile offers a unique approach to life insurance, allowing policyholders to leverage their Bitcoin holdings for both premiums and claims. This provides a tax-advantaged way to protect and pass on generational wealth within the Bitcoin ecosystem. With guaranteed growth, liquidity options, and a focus on long-term financial security, Meanwhile is modernizing the insurance industry for the digital age.
Founded in 2022 by Zac Townsend and Max Gasner, Meanwhile is licensed and regulated by the Bermuda Monetary Authority. The company's flagship product is a whole life insurance policy entirely transacted in Bitcoin. This innovative approach caters to individuals seeking to integrate their digital assets into their broader financial planning strategies.
The Series A funding will be used to expand Meanwhile's product offerings, enhance its platform, and broaden its reach to serve a wider audience. The company is committed to making Bitcoin-denominated life insurance accessible and beneficial to individuals and families seeking innovative financial solutions.
Key Features of Meanwhile:
- Bitcoin-Denominated Policies: Premiums and claims are paid and received in Bitcoin.
- Tax Advantages: Offers a tax-efficient way to manage and transfer Bitcoin wealth.
- Guaranteed Growth: Provides guaranteed growth within the policy.
- Liquidity Options: Offers liquidity options for policyholders.
- Focus on Generational Wealth: Designed to facilitate the secure transfer of wealth across generations.
- Regulated and Secure: Licensed and regulated by the Bermuda Monetary Authority.
Investors:
- Framework Ventures (Series A Co-Lead)
- Fulgur Ventures (Series A Co-Lead)
- Wences Casares (Founder of Xapo)
About Meanwhile:
Meanwhile is a life insurance company offering Bitcoin-denominated policies. The platform provides a tax-advantaged and secure way to leverage Bitcoin for generational wealth transfer.
For more information, visit https://meanwhile.bm/.
Compiled by CMO Intern team
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