Meanwhile, a Hamilton, Bermuda-based Bitcoin life insurance company, has raised $37.5 million in new funding from existing investors in a round led by Bain Capital Crypto. Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Morgan Creek Digital also participated. The company said the financing brings its total capital raised to more than $180 million.
The transaction valued Meanwhile at a reported $350 million on a post-money basis, according to S&P Capital IQ. The financing was structured through convertible preferred shares.
Founded in 2022 by Zac Townsend and Max Gasner, Meanwhile develops Bitcoin-denominated life insurance products. Its insurance subsidiary, Meanwhile Insurance Bitcoin (Bermuda) Limited, is licensed by the Bermuda Monetary Authority and received a Class IILT long-term insurance licence in July 2024.
Meanwhile launched BTC Life 1-Pay in early 2026, a single-premium whole life policy aimed at high-net-worth clients outside the United States. Premiums and guaranteed death benefits are denominated in Bitcoin. The company has signed 15 brokers serving wealthy families across markets including Singapore, Hong Kong, the UAE and Switzerland.
The company said the latest investment will support the expansion of its Bitcoin-denominated life insurance business across Asia, Europe and the Middle East as it responds to international demand through brokers and other financial intermediaries.
The financing follows an $82 million round announced in October 2025 and a $40 million Series A completed earlier that year. Meanwhile’s current funding announcement puts total capital raised at more than $180 million.
