Bitcoin Insurer Meanwhile Raises $37.5M to Expand in UAE and Global Markets
Key Facts
Bitcoin-based insurer Meanwhile secured $37.5 million in a funding round led by Bain Capital Crypto. CoinDesk reported that the company has signed 15 brokers to serve high-net-worth clients in key global markets, including the UAE, Switzerland, and Singapore.
The company intends to use the capital to scale its operations and expand its crypto-native financial products across international wealth hubs. This expansion reflects ongoing efforts to integrate Bitcoin into traditional wealth management structures, such as inheritance and life insurance policies.
Latest Updates · 3
- Notable·
Update: Meanwhile has raised its total funding to over $180 million following the disclosure of backing from Sam Altman. The company operates as a regulated entity in Bermuda to provide its Bitcoin-based insurance solutions.
- Notable·
Update: Meanwhile has raised its total cumulative capital to over $180 million. The company secured backing from high-profile investors, including Sam Altman, Apollo, and Northwestern Mutual, to further strengthen its financial position.
- Notable·
Update: Additional reports revealed that Sam Altman is a key backer of Meanwhile, participating in the recent $37.5 million funding round. Altman joins the group of investors supporting the company's efforts to scale its digital insurance offerings.