Meanwhile, a Bermuda-licensed life insurer that denominates policies in Bitcoin, raised $37.5 million from existing investors in a round led by Bain Capital Crypto, according to a company release this week.
Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Morgan Creek Digital also backed the company, which has raised more than $180 million to date. The release does not itemize the funding stage or use of proceeds. The CEO said the capital lets Meanwhile keep up with broker demand.
The company says 15 brokers have signed since launch, serving clients in Singapore, Hong Kong, the UAE and Switzerland. Its Bermuda Monetary Authority licence dates from July 2024. The broker count and growth claims are company-reported.