Sam Altman-backed Bitcoin life insurer, Meanwhile, raises more funds
Key Summary
Meanwhile, a life insurer licensed to operate in Bitcoin, has raised $37.5 million in new funding from existing investors, bringing its total to over $180 million. The company, backed by OpenAI CEO Sam Altman, is seeing increased demand for its Bitcoin life insurance policies amid macro instability, particularly in Asia, Europe, and the Middle East. Meanwhile's CEO Zac Townsend says the new funding will help the company keep up with growing demand from wealthy families around the world.
Meanwhile Raises $37.5M in Funding Backed by Sam Altman, Amid Growing Demand for Bitcoin Life Insurance
Overview
Meanwhile, a life insurer licensed to operate in Bitcoin, has raised $37.5 million in new funding from existing investors, bringing its total to over $180 million. The company, backed by OpenAI CEO Sam Altman, is seeing increased demand for its Bitcoin life insurance policies amid macro instability, particularly in Asia, Europe, and the Middle East.
Market Trends
The round follows increased international demand for Meanwhile’s Bitcoin life insurance policies, particularly in Asia, Europe and the Middle East, amid broader macro instability. Wealthy families around the world already hold Bitcoin. What they haven’t had is a regulated way to pass it on, Zac Townsend, Meanwhile’s co-founder and CEO, said in a statement.
Business Model
Meanwhile, a life insurer licensed to operate completely in Bitcoin, announced its second product line after BTC 10-Pay, which is designed for US taxpayers. Policies can be owned by individuals, trusts or companies, which makes them a fit for succession and estate planning, the company said. Net long-term underwriting income has already passed last year’s total and is on track to more than double in 2026, the company added, without revealing precise figures.