Bitcoin Life Insurance Startup Meanwhile Secures $40 Million in Funding
Meanwhile has raised $40 million in a Series A funding round led by Framework and Fulgur Ventures. The startup, which offers life insurance and annuities in bitcoin, aims to help policyholders protect against inflation and currency devaluation.
- The firm plans to accelerate global rollout, focusing on regions with high inflation.
- Policyholders face bitcoin's price volatility despite potential benefits.
- Previous funding included a $20 million round backed by Sam Altman and Gradient Ventures.
- Meanwhile obtained a digital life insurer license in Bermuda last year.
CEO Zac Townsend stated that the funding will enhance their mission to establish a leading long-term insurance and savings company.