Bitcoin Life Insurer Meanwhile Raises $82M for BTC Insurance

The $82 million funding round represents a significant vote of confidence from both crypto-native and traditional financial institutions. Co-led by Haun Ventures and Bain Capital Crypto with participation from Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Stillmark, the investment brings Meanwhile’s total funding in 2025 to $122 million. This follows a $40 million Series A earlier this year co-led by Framework Ventures and Fulgur Ventures, demonstrating sustained investor interest in Bitcoin-based financial infrastructure.

The diverse investor base, spanning dedicated crypto funds like Bain Capital Crypto and traditional financial giants like Apollo and Northwestern Mutual Future Ventures, points to Bitcoin’s growing acceptance as a foundation for mainstream financial products. This convergence of traditional finance and cryptocurrency investment underscores the maturation of Bitcoin beyond speculative trading into practical financial applications that serve both individual and institutional needs.

Meanwhile’s mission centers on creating the core building blocks for Bitcoin’s financial ecosystem, mirroring the insurance, pensions, and mortgages that underpin traditional economies. As the first licensed long-term insurer denominated entirely in Bitcoin, Meanwhile operates under the regulatory oversight of the Bermuda Monetary Authority, meeting solvency and reserve standards comparable to established global insurers. All premiums, policy values, and claims are managed exclusively in Bitcoin (BTC), providing policyholders worldwide with protection from inflation and currency risk.

The company has achieved several industry firsts that have reshaped both insurance and Bitcoin capital markets. These include becoming the world’s initial Bitcoin-denominated life insurer, receiving Bermuda’s first long-term insurance license, publishing the first audited Bitcoin financial statements, and launching the first Bitcoin life insurance products in a sector representing approximately 3% of global GDP. These milestones establish crucial precedents for trust, transparency, and regulatory compliance in Bitcoin-based financial services.

Chris Ahn, Partner at Haun Ventures, emphasized the strategic importance of Meanwhile’s approach: “Our thesis is that the Bitcoin economy needs more than trading platforms and DATs—it needs the core building blocks of capital markets. Meanwhile is the first mover in this category, and we believe it will unlock a new wave of innovation across Bitcoin-denominated markets.”

Meanwhile is experiencing explosive growth, with Bitcoin assets under management increasing over 200% driven by surging demand from both individuals and established financial institutions. The funding will accelerate global access to BTC-denominated life insurance, annuities, savings, and insurance bonds through institutional partnerships. This expansion addresses growing interest from individuals seeking to protect their families and financial institutions looking to offer bitcoin-linked savings, retirement, and life insurance products to their customers.

Zac Townsend, CEO of Meanwhile, explained the company’s role in Bitcoin’s evolving ecosystem: “Life insurers have always provided the steady, long-term capital that keeps financial markets moving. 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.”

The company generates sustainable yield through conservative private credit and long-term lending to high-quality counterparties, making Meanwhile one of the world’s largest long-duration BTC lenders with terms typically exceeding six months. Stefan Cohen, Partner at Bain Capital Crypto, highlighted the practical benefits of Meanwhile’s approach: “Meanwhile is building simple, compliant, and lasting products that make Bitcoin practical for both people and institutions. We’re excited to back the team as they scale and work with established insurers to bring bitcoin-linked savings and retirement products to market—safely, at institutional grade, and globally.”