Bitcoin-based life insurance startup Meanwhile has secured $82 million in new funding led by Bain Capital Crypto and Haun Ventures, according to a Tuesday announcement.
The Bermuda Monetary Authority–regulated company said it plans to use the fresh capital to meet growing demand for Bitcoin-denominated retirement and savings products that aim to protect against inflation.
Meanwhile offers a range of Bitcoin-based financial services, including life insurance, annuities, savings accounts, and insurance bondsall managed entirely in Bitcoin (BTC $121,309), with premiums, policy values, and claims handled on-chain.
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Other investors in the round include Apollo, Stillmark, and Northwestern Mutual Future Ventures.
This latest investment brings Meanwhile’s total funding in 2025 to $122 million, following its $40 million Series A in April, led by Framework Ventures and Fulgur Ventures.
The Rise of Bitcoin-Backed Insurers
Meanwhile, which launched in June 2023, initially raised $19 million in seed funding from investors including OpenAI CEO Sam Altman and Google’s AI-focused fund Gradient Ventures.
In March 2025, Tabit, a Barbados-based insurer, made headlines after raising $40 million in Bitcoin to support its traditional insurance policies, becoming the first property and casualty insurer to hold its entire regulatory reserve in BTC.
At the same time, a new market segment is emerging to bridge insurance brokers, underwriters, and digital asset capital.
Platforms such as Nayms, an onchain insurance marketplace, enable brokers and capital providers to collaborate through segregated accounts, while Ensuro, a blockchain-based (re)insurer, allows DeFi investors to diversify their portfolios by taking on real-world insurance risks.
