Cryptocurrency startup Meanwhile has recently concluded a successful Series A funding round, raising $40 million to expand its innovative Bitcoin-denominated life insurance business. The company, which aims to cater to individuals residing in "inflation-prone economies," has garnered significant interest from prominent investors in the crypto space.

Led by Framework Ventures and Fulgur Ventures, the investment round also saw participation from well-known figures such as Xapo founder Wences Casares. Prior to this round, Meanwhile had secured $20.5 million in seed funding, with backing from OpenAI CEO Sam Altman and others.

Regulated by the Bermuda Monetary Authority, Meanwhile offers whole life insurance policies denominated in Bitcoin. This unique offering allows policyholders to protect the value of their life

Source: https://cointelegraph.com/news/meanwhile-raises-40-million-bitcoin-life-insurance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound