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Sam Altman-backed Meanwhile raises $37.5M for Bitcoin insurance

Reported by Crypto
Oct 9, 2026· 2 min read
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Key Takeaways
  • • Meanwhile, described as the first life insurer licensed to operate entirely in Bitcoin, raised $37.5 million from existing investors, led by Bain Capital Crypto, bringing its total funding past $180 million.
  • • Per Axios, the round values the Hamilton, Bermuda-based company at $350 million, according to CEO Zac Townsend.
  • • Demand for Meanwhile's policies is rising in Asia, Europe and the Middle East, which the company links to broader macro instability.
  • • Meanwhile's BTC Life 1-Pay, a single-premium whole life policy for high-net-worth clients outside the US, is its second product line after BTC 10-Pay, which targets US taxpayers.
  • • The company has signed 15 brokers serving wealthy families, including in Singapore, Hong Kong, the UAE and Switzerland, with Lioner and Apeiron Group among the partners.
Summary
Meanwhile, the first life insurer licensed to operate entirely in Bitcoin, has raised $37.5 million in new funding from its existing investors. Bain Capital Crypto led the round, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Morgan Creek Digital. The company's backers include Sam Altman, and total funding now exceeds $180 million. Axios, which had an exclusive interview with CEO Zac Townsend, reported that the round values the company at $350 million.

The raise follows a surge in international demand for Meanwhile's Bitcoin life insurance policies, particularly in Asia, Europe and the Middle East, a trend the company attributes to broader macro instability. Earlier in 2026, Meanwhile launched BTC Life 1-Pay, a single-premium whole life policy designed for high-net-worth clients outside the United States. It is the company's second product line, following BTC 10-Pay, which is built for US taxpayers. As it pursues further international growth, Meanwhile has signed 15 brokers serving wealthy families since launch, including firms in the insurance hubs of Singapore, Hong Kong, the UAE and Switzerland.

Among the broker partners are Lioner, an insurance, trust and family office group with offices in Hong Kong, Singapore and Zurich, and Apeiron Group, a marketplace for high-net-worth life insurance. Giorgio Jeni, Partner and Head of Switzerland at Lioner, who previously spent more than 27 years in high-net-worth life insurance and wealth management at HSBC, UBS, Julius Baer and Credit Suisse, said that "digital assets are moving into the mainstream of wealth planning." He added that transparency, sound governance and strong regulation will remain important as new solutions emerge.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Crypto Sam Altman-backed Meanwhile raises $37.5M for Bitcoin insurance