Meanwhile Completes $82 Million Funding Round, Led by Haun Ventures and Bain Capital Crypto

BlockBeats News, October 7th, according to The Block, crypto insurance company Meanwhile has completed an $82 million funding round. The round was led by Haun Ventures and Bain Capital Crypto, with participation from Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Stillmark to drive global business expansion.

Earlier in April, Meanwhile raised $40 million in Series A funding with Framework Ventures and Fulgur Ventures leading the round, and participation from Wences Casares, the founder of Xapo crypto bank, bringing the total funding to $143 million to date.

Meanwhile raised the USD funds from investors primarily to purchase Bitcoin to strengthen its balance sheet and enhance its capital base. This funding round did not involve traditional equity and investors' stakes will convert into equity or Bitcoin based on the company's future performance.