We’re excited to share that Haun Ventures is co-leading an $82M investment in Meanwhile with Bain Capital Crypto. Also investing are Pantera Capital, Apollo, and Northwestern Mutual.

Life insurance is one of the oldest and largest financial industries in the world. It accounts for over 3% of global GDP, or $3.1 trillion of premiums annually. This market is enormous today and is expected to grow as baby boomers retire and people live longer than ever before.

Life insurance and related savings products (e.g. annuities and insurance bonds) remain vital because they provide two foundational services to modern economies. First, they serve as a safety net for families, ensuring that a family’s future is protected even in the face of tragic loss. Second, they provide long-duration capital that anchors capital markets, offering stability in a financial system that often prioritizes short-term horizons.

But the industry faces a structural challenge: policyholders are living longer, inflation is eroding purchasing power, and yields on traditional fixed income remain compressed. To meet obligations decades into the future, insurers need access to higher-returning assets—without sacrificing the stability their business demands.

Meanwhile is addressing this by building the first fully licensed and regulated insurance carrier denominated in Bitcoin. The company began by offering Bitcoin-denominated life insurance policies directly to consumers and is now expanding into a full suite of long-term savings products—including annuities, guaranteed investment contracts, and insurance bonds—all denominated in Bitcoin. These products transform Bitcoin into structured, regulated savings vehicles that can compound across decades. With this new funding, Meanwhile will also expand into Bitcoin reinsurance, enabling other carriers to incorporate Bitcoin allocations into their portfolios and policies.

Bitcoin is increasingly recognized as a global store of value—with a market cap over $2 trillion, accelerating institutional adoption, and a fixed supply making it a deflationary asset by design. In just 15 years, Bitcoin has grown to nearly a tenth the scale of gold, compressing centuries of monetary history into a single decade. For insurers seeking long-term, hard-value assets, Bitcoin represents a fundamentally new way to secure promises that stretch across generations.

I first met Zac in 2022. In just three short years, he, his co-founder Max, and the team at Meanwhile have achieved a series of industry firsts: the first fully licensed and regulated insurer denominated in Bitcoin, the first Bitcoin-denominated life insurance product sold to consumers, and the first audited company denominated in Bitcoin. This is a team that executes quickly and with deep expertise across three highly complex disciplines: technology, insurance, and crypto.

We’re proud to back Meanwhile as they build the first life insurer backed by digital assets and help grow the digital asset capital markets into the next generation of global financial infrastructure.