Overview

• Meanwhile raised $40 million in a Series A funding round, nearly doubling its valuation to $190 million.
• The round was led by Framework Ventures and Fulgur Ventures, with participation from Wences Casares, founder of crypto bank Xapo.
• The company offers life insurance policies transacted entirely in Bitcoin, with premiums and payouts conducted in the cryptocurrency.
• Revenue is generated by lending clients’ Bitcoin to financial institutions, targeting a 3% return to fund payouts and operations.
• Meanwhile plans to use the funds to expand globally and ensure compliance with evolving regulatory standards.