Bitcoin-Based Life Insurer Raises $37.5 Million From Existing Backers
A Bermuda-based life insurer backed by Sam Altman secured $37.5 million in funding led by Bain Capital Crypto following a record year.
A Bermuda-based life insurance company operating entirely on Bitcoin has raised $37.5 million, according to Decrypt. Sam Altman is among its backers.
Bain Capital Crypto led the funding, with participation from existing investors in the insurer.
The raise followed a record year for the company, driven by demand from wealthy families across Asia, Europe and the Middle East.
Source: Decrypt
