Key Highlights:
- Bitcoin life insurer Meanwhile recently completed an $82 million funding round.
- The fundraiser was led by notable names in the venture capital industry, including Haun Ventures and Pantera Capital.
- The company now holds $122 million in total capital, owing to a $40 million Series A round that was completed earlier this year.
Bitcoin-based life insurer Meanwhile, located in Bermuda, has raised $82 million, one of the largest capital raises of a BTC-related insurance firm in 2025. Bain Capital Crypto and Haun Ventures co-led the round, which included Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Stillmark.
Bitcoin Life Insurance Firm Raises $122M in Total Capital
The funding is against the backdrop of growing institutional and retail buying into Bitcoin-related financial products. The firm claimed that the new capital will facilitate the growth of its BTC-funded life insurance, annuity, and savings lines of business to institutional partners in various jurisdictions, which will be regulated.
The most recent round boosts Meanwhile’s total capital to $122 million this year. Earlier, in 2025, the company closed a $40 million Series A funding round, which was led by Framework Ventures and Fulgur Ventures.
Zac Townsend, the CEO and co-founder of Meanwhile, claimed that the company plans to connect the old insurance with the long-term value model of BTC. “Life insurers have always provided the steady, long-term capital that keeps financial markets moving,” Townsend said. “We’re bringing that same role to Bitcoin – helping families save and protect wealth in BTC, while giving institutions new ways to earn returns and launch bitcoin-indexed products that are compliant and easy to scale.”
Meanwhile is the first licensed life insurance company using the BTC denomination regulated by the Bermuda Monetary Authority. It offers BTC-backed savings and protection products, and this makes it an unchecked intermediary between the traditional financial services and the new Bitcoin economy.
It claimed that demand for its products has been on a spike amongst people who wanted to hedge against inflation and organizations that wished to provide BTC-based retirement and savings products. This demand has seen its Bitcoin assets under management increase more than 200%, according to reports.
VC Executives Offer Remarks on Meanwhile’s Operations
Chris Ahn, Haun Ventures partner, called Meanwhile one of the leaders in building the long-term financial infrastructure of Bitcoin. “Just as the U.S. economy was built on insurance, pensions, and mortgages, the Bitcoin economy will require its own long-duration financial products,” Ahn said. “Meanwhile is the first mover in this category, and we believe it will unlock a new wave of innovation across Bitcoin-denominated markets.” he added, according to a press release.
Stefan Cohen, a partner at Bain Capital Crypto, stated that the investment reflects the company’s belief in the company building compliant and institutional-grade products in Bitcoin. “Meanwhile is building simple, compliant, and lasting products that make Bitcoin practical for both people and institutions,” Cohen said.
The model of the company is a combination of conventional insurance mechanisms and the approach used by the decentralized system of Bitcoin, which provides the policyholders with predictable costs and leaves the exposure to the potential growth of the cryptocurrency. The company gets yield on Bitcoin by lending in a conservative manner and the loan terms it offers have a duration of over six months, a loan structure it claims to conform to long-term capital accumulation.
Meanwhile has a fully audited financial structure that supports its operations. The company boasts of numerous industry firsts, such as the first audited Bitcoin financial statements, the first long-term insurance license ever issued in Bermuda to insure BTC-denominated products.
Townsend highlighted that the use of BTC is pegged towards long-term and consistent products and not speculative trading. “Bitcoin needs more than short-term speculation. It requires dependable, long-duration solutions backed by real economic activity,” he said.
Meanwhile, with the most recent investment, the company is now aiming to speed up the integrations with international financial organizations to increase the number of people who can access Bitcoin-based insurance and savings solutions and receive what it sees as insurance against inflation and currency risk, based on the BTC-denominated instruments.
The investment underscores an institutional trust in BTC as the basis of regulated financial services, as more traditional investment firms consider merging conventional assets with blockchain-based assets.
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