Bitcoin Life Insurance Startup Raises $40M to Expand Globally

Bitcoin-denominated life insurance startup Meanwhile has secured $40 million in Series A funding, according to CEO Zac Townsend’s announcement on X. The funding round was led by Framework Ventures and Fulgur Ventures, with early Bitcoin supporter Wences Casares joining as an investor.

Unlike traditional life insurance providers that operate in fiat currencies, Meanwhile structures both premiums and payouts in bitcoin (BTC). The company aims to offer a hedge against inflation and currency devaluation, particularly in countries experiencing economic instability. While this model can help preserve purchasing power, it also exposes policyholders to bitcoin's inherent price volatility.

The newly raised capital will fuel Meanwhile’s international expansion, especially in regions where financial uncertainty is widespread. Townsend emphasized the startup’s goal of becoming the largest global insurance and savings platform operating with bitcoin.

This latest investment builds on a previous $20 million funding round, which featured high-profile backers such as OpenAI CEO Sam Altman and Google’s Gradient Ventures. The company also obtained a digital life insurance license in Bermuda, allowing it to operate under favorable regulatory conditions.

As global interest in bitcoin and decentralized finance grows, Meanwhile’s innovative approach positions it as a potential leader in the emerging BTC-based insurance sector. However, the company has yet to reveal its current valuation or specific launch plans in target markets.

With strong investor backing and a bold mission, Meanwhile is betting that the future of long-term financial security could be written in bitcoin.