Sam Altman joins investors in $19 million round for crypto life insurance startup

Quick Take

  • Meanwhile, a crypto-denominated life insurance startup, raised $19 million in two seed rounds.
  • OpenAI CEO Sam Altman co-led the first, with Google’s Gradient Ventures leading the second.

Meanwhile, a digital asset-denominated life insurance provider, today announced $19 million in fundraising across two rounds.

The Bermuda-based business said it had closed two seed-stage rounds. The first was led by OpenAI CEO and Worldcoin founder Sam Altman, alongside former head of Stripe issuing Lachy Groom. Gradient Ventures, Google’s AI fund, led the second round.

Meanwhile claims to be the first and only life insurer to offer products entirely denominated in crypto.

The fresh funding paves the way for it to be licensed and regulated as a life insurance firm by the Bermuda Monetary Authority. It will also be used for hiring as the startup gears up to launch its first product — bitcoin-denominated whole life insurance.  

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