On April 14th, Framework Ventures co-founder Michael Anderson announced a strategic investment in the crypto insurance sector, marking Framework Ventures’ most significant equity investment to date. This investment was directed toward Meanwhile, a company specializing in Bitcoin life insurance, which recently attained a valuation of $1.9 billion following its Series A funding round. Notably, Meanwhile operates with a lean team of just 10 individuals. CEO Zachary Townsend emphasized that the firm’s technology is developed in-house, indicative of their robust innovation capabilities.
In a move to broaden its market presence, the company plans to explore the establishment of an onshore life insurance entity, aiming to facilitate the offering of Bitcoin-related products to U.S. consumers. The recent acquisition of $40 million in funding is earmarked for global expansion efforts, which will include enhancements to their product suite and initiatives to attract a diverse customer base.