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- Meanwhile
Meanwhile Valuation, Funding & Investors
Meanwhile is valued at $190M as of April 2025.
Last Meanwhile valuation
$190M
Series A · Apr 2025
Last Meanwhile funding round
$82M
Series B · Oct 2025
Cumulative funding Meanwhile raised
$141M
across 3 funding rounds
Key investors in Meanwhile
Fulgur Ventures
Pantera Capital
Apollo Global Management
Framework Ventures
Lachy Groom
Sam Altman
About Meanwhile
Meanwhile is a Hamilton, Bermuda-headquartered life insurance provider offering policies denominated in Bitcoin. Regulated by the Bermuda Monetary Authority since 2023, it allows premiums and death benefits in cryptocurrency, with AI-driven underwriting and claims processing. Targeting holders in high-inflation regions like Latin America, policies support tax-free loans and partial withdrawals.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales, Subscription
Valuation
$190M (Apr 2025)
Meanwhile Valuation
Meanwhile is currently valued at $190M, based on its Series A in April 2025.
The $40M round was led by Framework Ventures and Fulgur Ventures, with participation from Wensceslao Casares.
Meanwhile's valuation has grown 1.9x from $100M at its seed round in June 2023 to $190M in April 2025, across 2 priced rounds.
Meanwhile valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2025 | Series A | $190M |
| Jun 2023 | Seed | $100M |
Meanwhile Funding History
Meanwhile has raised a total of $141M across 3 funding rounds.
Meanwhile's first fundraising round was a $19M seed round in June 2023. The most recent completed round was a $82M Series B in October 2025.
Meanwhile funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2025 | Series B | Bain Capital Crypto (lead); Haun Ventures (lead); Pantera Capital; Apollo Global Management; StillMark; Fulgur Ventures; Northwestern Mutual Future Ventures | $82M | - | Meanwhile is the world's first regulated Bitcoin-denominated life insurer, licensed by the Bermuda Monetary Authority, offering BTC-based savings, protection products, life insurance, annuities, and insurance bonds to individuals and institutions seeking inflation-proof options. It earns Bitcoin through conservative long-duration lending and private credit, positioning it as one of the largest BTC lenders with terms over six months, and has produced the first audited Bitcoin financial statements. The company addresses surging demand for Bitcoin-linked corporate treasury, retirement, and family protection products amid Bitcoin's rising acceptance as a store of value. On October 7, 2025, Meanwhile raised $82 million in a funding round co-led by Bain Capital Crypto and Haun Ventures, with participation from Pantera Capital, Apollo, Northwestern Mutual Future Ventures, Fulgur Ventures, and Stillmark. This round brings the company's total funding in 2025 to $122 million, following a prior $40 million Series A co-led by Framework Ventures and Fulgur Ventures. The capital will accelerate global expansion through institutional partners, enhancing access to BTC-denominated products while maintaining regulatory compliance. Meanwhile reports over 200% growth in Bitcoin assets under management (AUM), driven by demand from individuals protecting family wealth and financial institutions launching compliant Bitcoin-indexed offerings. It has pioneered breakthroughs including the first long-term insurance license in Bermuda, first Bitcoin life insurance products, and integration of insurance capital into Bitcoin markets, which represent a sector tied to ~3% of global GDP. The backing from both crypto-native and traditional finance investors underscores Bitcoin's maturation as a foundation for mainstream financial products. |
| Apr 2025 | Series A | Framework Ventures (lead); Fulgur Ventures (lead); Wensceslao Casares | $40M | $190M | Meanwhile is a Bermuda-regulated Bitcoin life insurance company offering BTC-denominated life insurance, annuities, savings, and insurance bonds, combining traditional insurance security with Bitcoin's inflation resistance. Policyholders pay premiums in Bitcoin, and claims are paid in Bitcoin, with the firm earning yields through conservative long-duration BTC lending and private credit. The company holds the first long-term insurance license in Bermuda for such products, first audited Bitcoin financial statements, and serves clients in countries including the US, UK, and Canada via its Bermuda subsidiary. On April 10, 2025, Meanwhile closed a $40 million Series A round co-led by Framework Ventures and Fulgur Ventures, with participation from Wences Casares of Xapo, valuing the company at $190 million post-money—nearly double its 2022 valuation. This marked Framework Ventures' largest equity investment to date. Funds are earmarked for global expansion, regulatory compliance, and product development, including a planned Bitcoin annuity launch later in 2025. Meanwhile had 10 employees at the time and built all its technology in-house. The Series A brought Meanwhile's 2025 funding to $40 million initially, followed later in the year by an $82 million round co-led by Haun Ventures and Bain Capital Crypto, with Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Stillmark, lifting total 2025 capital to $122 million. This subsequent financing supports surging demand, with Bitcoin AUM growth over 200%, and underscores Bitcoin's integration into mainstream financial products like insurance, which represents ~3% of global GDP. Meanwhile follows a prior $20.5 million raise in 2022 led by Sam Altman and Lachy Groom. |
| Jun 2023 | Seed | Lachy Groom (lead); Sam Altman (lead) | $19M | $100M | Meanwhile is a Bermuda-based life insurance company offering Bitcoin-denominated whole life insurance policies to cryptocurrency holders. The company combines artificial intelligence with digital assets to streamline underwriting, claims processing, and operations, aiming to modernize life insurance by reducing manual processes that typically take weeks. Customers pay monthly premiums in Bitcoin and receive payouts in Bitcoin, with Meanwhile generating revenue by lending a portion of collected premiums and charging interest on those loans. In June 2023, Meanwhile announced $19 million in seed funding across two rounds, with the first round co-led by Sam Altman (CEO of OpenAI) and Lachy Groom (former head of Stripe Issuing), and a second round led by Gradient Ventures (Google's venture capital fund). The funding valued the company at $100 million post-money. Additional investors included Mouro Capital, MS&AD, Hudson Structured Capital Management, and angel investors such as Parker Conrad, Dylan Field, Nick Schrock, and partners from Founders Fund and General Catalyst. The capital enabled Meanwhile to secure licensing and regulatory approval from the Bermuda Monetary Authority and hire its initial team of seven employees to launch its first product. Meanwhile's positioning targets long-term Bitcoin holders and aims to reach over one billion people globally by combining cryptocurrency with AI-powered financial services. |
Who has invested in Meanwhile?
11 investors have backed Meanwhile across its funding rounds, including Fulgur Ventures, Pantera Capital, Apollo Global Management, Framework Ventures, Lachy Groom and Sam Altman.
Lead investors include Bain Capital Crypto, Haun Ventures, Framework Ventures, Fulgur Ventures, Lachy Groom and 1 other investor.
Meanwhile Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Apr 2025 | ||
| 1 | Participant | Oct 2025 | ||
| 1 | Lead | Oct 2025 | ||
| 1 | Participant | Oct 2025 | ||
| 1 | Participant | Oct 2025 | ||
| 1 | Lead | Jun 2023 | ||
| 1 | Lead | Apr 2025 | ||
| 1 | Lead | Jun 2023 | ||
| 1 | Lead | Oct 2025 | ||
This data is available for Pro users. Sign up to see all 11 Meanwhile investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialMeanwhile Competitors
Meanwhile competitors include listed companies like Appen and Expert.ai, and private ones like Kovrr, thirdweb, Socure and Iron Fish.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $173M | - | ||
| Private | - | - | $160M | - | ||
| Private | $315M | - | $156M | - | ||
| Private | - | - | $190M | - | ||
| Publicly listed | $231M | $9M | $199M | 0.6x | ||
| Publicly listed | $53M | $5M | $203M | 4.3x |
Meanwhile Public Comps
Meanwhile is still privately-owned, but its public comps include Aksigorta, Exodus Movement, StableCoinX, La Positiva Seguros, DeFi Technologies, Perfect Corp., OEKOWORLD, Appen, OranjeBTC and Solid Försäkring.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $411M | $62M | - | - | - | - | |||
| $122M | ($21M) | 1.4x | 1.4x | (8.0x) | (13.8x) | |||
| - | - | - | - | - | - | |||
| $422M | ($18M) | 0.4x | - | (9.8x) | - | |||
| $76M | $70M | 1.0x | 1.4x | 1.1x | (16.5x) | |||
| $69M | $636K | 0.5x | 0.5x | 56.9x | 11.9x | |||
| $59M | $26M | 0.7x | 0.7x | 1.7x | 1.6x | |||
| $231M | $9M | 0.7x | 0.6x | 16.9x | 7.2x | |||
This data is available for Pro users. Sign up to see all Meanwhile competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Meanwhile
| When was Meanwhile founded? | Meanwhile was founded in 2022. |
| Where is Meanwhile headquartered? | Meanwhile is headquartered in Bermuda. |
| Is Meanwhile publicly listed? | No, Meanwhile is a private, VC-backed company. |
| What is Meanwhile's valuation? | Meanwhile was last valued at $190M in its Series A in April 2025. |
| How much funding has Meanwhile raised? | Meanwhile has raised $141M across 3 funding rounds. |
| What was Meanwhile's last funding round? | Meanwhile's last funding round was a $82M Series B in October 2025, led by Bain Capital Crypto and Haun Ventures. |
| Who are Meanwhile's investors? | Meanwhile's investors include Fulgur Ventures, Pantera Capital, Haun Ventures, Apollo Global Management, StillMark, Sam Altman, Framework Ventures, Lachy Groom, Bain Capital Crypto, Wensceslao Casares and 1 other. |
| Which companies are comparable to Meanwhile? | Companies comparable to Meanwhile include Kovrr, thirdweb, Socure, Iron Fish, Appen and Expert.ai. |
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