A Bitcoin-denominated life insurance firm regulated by the Bermuda Monetary Authority called meanwhile has secured $40 million in a Series A funding round.

The company, whose pioneering product is a Bitcoin (BTC) denominated Whole Life Insurance, announced it raised the funding in a round co-led by venture capital firms fulgur.ventures and Framework Ventures.

Fulgur.ventures is a BTC-focused VC, while Framework Ventures is a leading investor in decentralized finance and crypto-native funds. Meanwhile also attracted participation from Wences Casares, a Bitcoin pioneer and co-founder of Bitcoin-enabled Xapo Bank.

The company, founded three years ago, will use the capital injection to accelerate the global rollout of its BTC-denominated life insurance and annuities. It aims to bring its insurance offerings to millions of users, with products designed to protect against various risks.

“Everyone deserves access to financial products that maintain their value over time—especially for long-term planning and family protection. This funding empowers us to reach more people who are concerned about political risk, currency risk, inflation risk, or regime risk,” the firm wrote on X.

The Bitcoin-denominated insurance product provides features that traditional financial products do not. It includes protection from currency debasement, as well as tax advantages and on-demand liquidity.

“One impossible task was creating a globally unique life insurer entirely denominated in Bitcoin,” said Zac Townsend, founder of meanwhile. “We accept premiums, pay claims, and conduct our audited financials, reserves, and solvency calculations entirely in Bitcoin”

For Bitcoin holders, the company’s insurance policies go beyond the preservation of wealth for future generations. Policyholders gain exposure to Bitcoin’s long-term growth potential.

Meanwhile previously raised $20.5 million in its seed round, which attracted backing from OpenAI CEO Sam Altman and Bitwise CEO Hunter Horsley, among others.

Sei Foundation has unveiled a $65 million venture fund aimed at investments in the decentralized science ecosystem. 

In an announcement first published by The Block, the Sei Foundation said its “Sapien Capital – Open Science Fund I” will look to invest in DeSci projects building on the layer 1 blockchain Sei (SEI).

With the crypto and blockchain space transforming science funding, and DeSci research gaining traction, the $65 million fund aims to redefine the sector. According to the Sei Foundation, Sapien Capital will not only change how science is funded but also how it is shared and validated.

According to the announcement, the new fund is not designed for the Sei ecosystem and, therefore, does not include grants.

Instead, it is targeted at venture investments in DeSci startups, including those focused on gamified drug discovery and wearables. The fund will invest in both project tokens and equity, with check sizes ranging from $100,000 to $2 million.

Sapien Capital plans to fully deploy its capital within the next three to four years, Sei Foundation’s head of business development and investments, Justin Barlow, said.

Interest in DeSci has VC investment from some of the leading venture funds in the space. This includes a16z Crypto’s investment in AminoChain last September and YZi Labs, previously Binance Labs’ bet on BIO Protocol in November.

The second week of 2025 began with the $32.70 million sale of FTX EU to Backpack. Total known investments came in at roughly $189.96 million across various blockchain sectors.

The activity shows steady capital flow in the early days of the new year. The second week’s funding numbers are almost $100 million more than that of the first week’s $88 million.

The week’s activity centered on centralized exchanges, AI integration, and infrastructure development, with projects at different stages drawing capital. Let’s look at the key events per Crypto Fundraising data.

VOOX, $50 million

• Raised $50 million in an unknown round
• The investment was backed by Pinnacle Venture
• VOOX is building an AI-powered trading platform

FTX EU, $32.7 million

• FTX EU bagged an M&A deal worth $32.7 million
• The project was acquired by Backpack
• FTX EU is the European arm of the crypto exchange

OG Labs, $32.24 million

• Raised $32.24 million through public sale
• Combining AI with L1 infrastructure
• OG Labs is developing blockchain infrastructure tools
• The project has raised over $107.24 million so far

Eventflo, $20 million

• Eventflo secured $20 million in an unknown round
• The project is backed by Rothman Management
• Eventflo is working on payment solutions, marketing and event operations