Bitcoin life insurance firm secures $40M for global expansion

Bitcoin-based (CRYPTO:BTC) life insurance startup Meanwhile has secured $40 million in Series A funding to support its international expansion plans, according to CEO Zac Townsend.

The round was led by Framework and Fulgur Ventures, with participation from early Bitcoin advocate Wences Casares.

Meanwhile offers life insurance and annuity products that are denominated in bitcoin instead of traditional fiat currencies.

The approach is designed to address inflation and currency devaluation risks, particularly in countries facing long-term monetary instability.

In a post on social media platform X, Townsend said the firm intends to use the funding “to accelerate our global rollout,” focusing on regions where inflation is a persistent concern.

"This round gives us significant capital to power our journey of building the world's largest long-term insurance and savings company," Townsend wrote.

The company did not disclose its current valuation or name specific countries it plans to enter.

Unlike traditional life insurance policies that pay out in national currencies, Meanwhile’s products maintain both premiums and benefits in BTC.

While this could help protect policyholders’ purchasing power in the long term, it also exposes them to Bitcoin’s price volatility.

Meanwhile received a digital life insurer license in Bermuda in 2024, giving it regulatory footing for its operations.

The latest funding round follows a previous $20 million investment that included participation from OpenAI CEO Sam Altman and Gradient Ventures, an AI-focused fund backed by Google.

The startup’s strategy taps into demand from individuals in regions where currency depreciation poses challenges for financial planning.

According to the company, its model could provide an alternative for long-term savings and insurance in a digital asset format.

The funding announcement was made on April 11, 2025, and signals Meanwhile’s continued efforts to grow its bitcoin-denominated offerings across multiple markets.

At the time of reporting, the Bitcoin price was $80,185.16.