Bitcoin (BTC) Life Insurer Meanwhile Raises $82M to Scale Savings, Retirement Products

Meanwhile, the first regulated life insurance company that operates entirely in bitcoin BTC$ 111,480.33, said on Tuesday it has raised $82 million to scale its savings and retirement products that aim to protect against inflation and currency devaluation.
The funding round was co-led by Bain Capital Crypto and Haun Ventures, with participation from Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Stillmark, the firm shared in a press release with CoinDesk. The raise follows a $40 million round in April led by Fulgur Ventures and Framework, while OpenAI CEO Sam Altman was an early investor.
Founded in Bermuda, Meanwhile offers life insurance and annuity products denominated in BTC, allowing policyholders to save and transfer wealth in an asset with a fixed supply. The service aims to guard customers against inflation and currency devaluation over time, but policyholders also take on bitcoin’s price volatility. Its products are regulated by the Bermuda Monetary Authority and designed to mirror traditional long-term financial tools, but in BTC.
The company earns returns on held bitcoin through long-term lending to private credit markets, helping it meet claims obligations and maintain solvency standards similar to legacy insurers.