BTC News: Bitcoin Life Insurance Company Meanwhile Raises $40 Million to Expand Globally

Bitcoin life insurance company meanwhile raises $40 million for global expansion

With investment from Fulgur Ventures and Framework, the company aims to expand its Bitcoin-denominated life insurance and annuity offerings to combat inflation risks.

Author: Christian Sandor | Edited by: Stephen Alpher Updated: April 10, 2025, 8:59 PM Published: April 10, 2025, 8:47 PM

What you need to know:

• Bitcoin-focused startup Between raises $40 million from Fulgur Ventures and Framework.
• The company's Bitcoin-denominated life insurance and annuities aim to protect clients from inflation and currency risks.
• The investment follows a previous round of funding that included investors such as OpenAI CEO Sam Altman.

Meanwhile, a startup offering life insurance and annuities in bitcoin (BTC) has raised $40 million in a Series A funding round, CEO Zach Townsend announced in a post to X on Thursday.

The investment was led by venture capital firms Framework and Fulgur Ventures, as well as early Bitcoin proponent Wences Casares.

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Traditional life insurance policies pay out in fiat currencies. At the same time, this model is being modified by storing premiums and payouts in Bitcoin to help policyholders protect themselves from inflation and currency depreciation. In countries where local currencies are losing value, storing policies in BTC can help preserve purchasing power for future payouts. However, policyholders also face volatility in Bitcoin prices.

Read more: Crypto for Advisors: Bitcoin Inheritance Strategies

The company plans to use the proceeds to accelerate its global rollout, targeting regions where inflation and currency instability are daily challenges, Townsend said. However, the announcement did not disclose the company's current valuation or specific plans for going to market.

“This round provides us with significant capital to support our journey to building the world's largest long-term insurance and savings company,” Townsend said.

The investment follows a previous $20 million round from a range of investors, including Sam Altman, CEO of OpenAI, as well as Google’s AI-focused Gradient Ventures fund. Last year, the company received a digital life insurance license in Bermuda.

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