{"id":79859,"date":"2023-06-07T13:00:04","date_gmt":"2023-06-07T10:00:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79859"},"modified":"2025-09-11T13:26:42","modified_gmt":"2025-09-11T10:26:42","slug":"crypto-life-insurance-startup-meanwhile-raises-19-million-in-two-seed-rounds-with-sam-altman-among-investors","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/crypto-life-insurance-startup-meanwhile-raises-19-million-in-two-seed-rounds-with-sam-altman-among-investors\/","title":{"rendered":"Crypto life-insurance startup Meanwhile raises $19 million in two seed rounds, with Sam Altman among investors"},"content":{"rendered":"<p>The cryptocurrency life-insurance startup Meanwhile <a href=\\\"https:\/\/www.businesswire.com\/news\/home\/20230606005503\/en\/\\\">announced<\/a> the closing of two seed rounds totaling $19 million.<\/p>\n<p>The first was led by OpenAI chief executive Sam Altman, and the second by Gradient Ventures, Google&#8217;s AI fund.<\/p>\n<p>According to the press release, Meanwhile is the &#8216;only&#8217; insurance firm offering fully crypto-denominated products.<\/p>\n<p>The funding will enable the company to obtain a Bermuda regulator license, as well as expand its team and launch its first service \u2014 life insurance backed by the first cryptocurrency.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cBitcoin is on the path to becoming a global store of value and a functional currency. [\u2026] If we combine it with artificial intelligence, we see the potential to create a full-stack life-insurance company whose aim is to reach more than a billion people around the world,\u201d said Meanwhile CEO Zak Townsend.<\/p>\n<\/blockquote>\n<p>Using the latest blockchain and AI technologies, the company plans to build a &#8220;comprehensive insurance system that reduces manual work and promotes transparency&#8221;.<\/p>\n<p>After its initial launch, Meanwhile will continue working on expanding the product line, adding new cryptocurrencies and options.<\/p>\n<p>In May, the privacy- and AI-focused blockchain project Auradine <a href=\"https:\/\/forklog.com\/en\/news\/auradine-raises-81-million-in-series-a-round-led-by-celesta-capital-and-mayfield-with-marathon-digital-also-investing\">raised $81 million<\/a> in a funding round with participation from Marathon Digital, a mining company.<\/p>\n<p>In the same month, Block founder Jack Dorsey led a <a href=\"https:\/\/forklog.com\/en\/news\/jack-dorsey-leads-6-million-seed-round-for-azteco\">$6 million funding round<\/a> for the cryptocurrency payments company Azteco.<\/p>\n<p>Back in the first quarter of 2023, venture investment in crypto startups across 353 funding rounds totalled $2.6 billion \u2014 11% lower than in the previous reporting period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency life-insurance startup Meanwhile announced the closing of two seed rounds totaling $19 million.<\/p>\n","protected":false},"author":1,"featured_media":79860,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1223,1133],"class_list":["post-79859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-startups","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=79859"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79859\/revisions"}],"predecessor-version":[{"id":79861,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79859\/revisions\/79861"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/79860"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=79859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=79859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=79859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}