Sam Altman · Bitcoin · OpenAI · Decrypt
This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 Million
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Meanwhile, a life insurance company that operates entirely in Bitcoin, has raised $37.5 million as demand for its unusual policies climbs among wealthy families overseas.
Key facts
- Meanwhile, whose backers also include OpenAI CEO Sam Altman, has now raised more than $180 million in total
- Meanwhile, a life insurance company that operates entirely in Bitcoin, has raised $37.5 million as demand for its unusual policies climbs among wealthy families overseas
- Meanwhile said it has signed 15 brokers since launch, including in insurance hubs like Singapore, Hong Kong, the UAE and Switzerland, and that its net long-term underwriting income has already
- The Bermuda-based insurer said Thursday the funding came from existing investors, led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo
Summary
Meanwhile, which calls itself the first life insurer licensed to operate entirely in Bitcoin, raised $37.5 million from existing investors led by Bain Capital Crypto, bringing its total raised to over $180 million. The round follows a record year fueled by its BTC Life 1-Pay single-premium policy for high-net-worth clients abroad. The company is backed by Sam Altman and licensed in Bermuda since 2024. The Bermuda-based insurer said Thursday the funding came from existing investors, led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital.