Sam Altman-Backed Meanwhile Raises $37.5M for Bitcoin Insurance

Bitcoin life insurer Meanwhile has raised $37.5 million to expand its international insurance business, targeting wealthy cryptocurrency holders who want to incorporate Bitcoin into long-term financial and succession planning. The financing was led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Morgan Creek Digital. OpenAI CEO SamAltman is also among the company’s backers. Announced on October 8, the investment accompanies Meanwhile’s expansion into Asia, Europe and the Middle East through established insurance and wealth-management intermediaries.

Source: Crypto News Flash