Framework co-founders: The investment in the Bitcoin insurance company Meanwhile is Framework's largest equity investment to date

ChainCatcher news, Framework Ventures co-founder Michael Anderson revealed that its $40 million investment in the crypto insurance company Meanwhile is the largest equity investment in the history of Framework Ventures.

It is reported that Meanwhile is a Bitcoin life insurance company, which reached a valuation of $190 million after its Series A funding, and currently has only 10 employees.

Meanwhile CEO Zachary Townsend stated that all of the company's technology is self-developed, and there is a possibility of establishing an onshore life insurance company in the future, collaborating with its offshore company to offer Bitcoin products to the American public. The recent $40 million funding will be used for global expansion, including the development of the variety of products offered and the expansion of target customer groups.