This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 Million

Meanwhile, a life insurance company that operates entirely in Bitcoin , has raised $37.5 million as demand for its unusual policies climbs among wealthy families overseas. The Bermuda-based insurer said Thursday the funding came from existing investors, led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital. Meanwhile, whose backers also include OpenAI CEO Sam Altman, has now raised more than $180 million in total.