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Fortune

Catherine McGrath

Exclusive: Crypto startup Meanwhile, which collects and pays out life insurance policies in Bitcoin, raises $40 million

Bitcoin Insurance Crypto Framework Ventures

(Credit: Courtesy of Meanwhile)

Zac Townsend, co-founder and CEO of crypto insurance company Meanwhile, believes there is a pool of crypto enthusiasts who want to pay for their life insurance policy in Bitcoin—investors are betting that he’s right.

Meanwhile just closed a $40 million Series A led by Framework Ventures and Fulgur Ventures with participation from the founder of crypto bank Xapo, Wences Casares, on Thursday. This round values Meanwhile at $190 million, Townsend told Fortune, nearly double what it was valued during its most recent funding round in 2022.

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