According to Foresight News, Meanwhile Advisors, a subsidiary of Meanwhile Group, has announced the launch of the Meanwhile BTC Private Credit Fund LP. The private credit fund aims to attract growth-oriented institutional investors seeking returns denominated in bitcoin. Meanwhile Group's co-founder and CEO, Zac Townsend, stated that the fund seeks to raise $100 million and is expected to be completed by the end of the first quarter of 2024.
In June 2023, Meanwhile announced the completion of two seed rounds, raising $19 million. The first round was co-led by OpenAI CEO Sam Altman and former Stripe issuing head Lachy Groom, while the second round was led by Gradient Ventures.