Israeli bereavement assist co Empathy raises $72m
Israeli bereavement assist firm Empathy right now introduced the completion of a $72 million Sequence C financing spherical led by Adams Avenue Companions with participation from Normal Catalyst, Index Ventures, Entrée Capital, Brewer Lane Ventures, SemperVirens, Latitude, and LionTree. This brings the overall quantity raised by Empathy to $162 million.
The corporate has additionally shaped the Empathy Alliance, a coalition of market leaders commited to fund innovation that strikes the business ahead. Members of the Empathy Alliance who participated within the firm’s Sequence C financing spherical embody Aflac Ventures, Allianz Strategic Ventures, Citi Affect Fund, Munich Re Ventures, MetLife Subsequent Gen Ventures, New York Life Ventures, Securian Ventures, TIAA Ventures.
Initially specializing in assist for the bureaucratic challenges of bereavement, Empathy has lately expanded into legacy planning and preparation with Empathy LifeVault. The corporate’s platform now allows people to create and securely retailer legally binding property plans and important paperwork. Launched in 2021, Empathy’s main loss assist answer has eased logistical and emotional burdens for tens of millions of individuals, together with one in 5 life insurance coverage claimants, by means of partnerships with famend monetary establishments and over 1,000 employers.
With workplaces in Tel Aviv and New York, Empathy was based in 2020 by CEO Ron Gura and CTO Yonatan Bergman.
Gura mentioned, “We’re honored to assist tens of millions of households of their hardest occasions, and to have earned the belief of main organizations, partnering with main monetary establishments and a number of the most progressive employers to ship compassionate tech at scale. We’re proud to be on the forefront of revolutionizing business requirements and societal expectations round loss, and this milestone is not only a testomony to Empathy’s progress, however to the bigger cultural shift that is occurring. All through life, all of us will encounter moments which might be financially, logistically, and emotionally taxing, and we see it as a privilege and accountability to use our experience and direct significant assets towards tackling these challenges and elevating the usual of assist.”
Empathy offers protection for near 50 million lives, and previously 4 months, seven million people have obtained entry to LifeVault by means of companions like New York Life, Voya, Alfac, and extra.
Empathy is obtainable all through North America in partnership with main US and Canadian corporations, together with seven of the highest ten US life insurers. The corporate additionally helps complete worker bereavement advantages for Fortune 500 firms like AT&T and Paramount.
Printed by Globes, Israel enterprise information – en.globes.co.il – on Could 29, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
