Dentons is pleased to announce that it has advised both Fulgur Ventures and Framework Ventures as co-lead investors in the $40 million Series A financing of Meanwhile, a Bermuda-based life insurance startup offering Bitcoin-denominated policies. Fulgur Ventures and Framework Ventures are global venture capital funds backing category-defining companies in digital asset infrastructure and blockchain technology. This transaction underscores Dentons’ commitment to supporting emerging companies at the intersection of technology and financial services. Our multidisciplinary team provided comprehensive legal counsel to Fulgur and Framework throughout the investment process, leveraging Dentons’ extensive experience in the fintech, blockchain, and insurance sectors.

The Dentons team was led by Jackson Hwu, Venture Technology and Emerging Growth Companies Partner in Miami; Matthew Gruenberg, Corporate Partner in New York; Brennan Power, Corporate Managing Associate in Denver; and Margaux Bouchet, Corporate Associate in New York, with support from Robert Barbarowicz, Insurance Partner in Los Angeles; Michael Zolandz, Managing Partner and Chair of Dentons’ Federal Regulatory and Compliance practice in Washington, D.C.; Milana Karayanidi, Federal Regulatory and Compliance Managing Associate in Washington, D.C.; and Linda Pfatteicher, Tax Partner in San Francisco.

This Series A financing, which values Meanwhile at $190 million, follows a $20.5 million raise from 2022 led by Sam Altman, CEO of OpenAI, and Lachy Groom, one of the first employees at payments company Stripe. The funding will enable Meanwhile to scale its operations, enhance its product offerings, and ensure compliance with regulatory requirements across various jurisdictions.