Meanwhile raises $40 million

Meanwhile, a life insurance startup that only uses bitcoin for premiums and claims, has closed a $40 million Series A funding round led by Framework Ventures and Fulgur Ventures, with participation from the founder of crypto bank Xapo, Wences Casares. The startup, which raised ~$20 million in 2023, is now valued at $190 million.

Founded in 2022, Meanwhile is licensed and regulated by the Bermuda Monetary Authority after securing a license last year.

The company’s first offering is a whole life insurance product with premiums and claims entirely denominated in bitcoin.

Bottom Line: “Sophisticated persons” may apply.