Israeli bereavement assist firm Empathy at present introduced the completion of a $72 million Sequence C financing spherical led by Adams Avenue Companions with participation from Basic Catalyst, Index Ventures, Entrée Capital, Brewer Lane Ventures, SemperVirens, Latitude, and LionTree. This brings the full quantity raised by Empathy to $162 million.
The corporate has additionally fashioned the Empathy Alliance, a coalition of market leaders commited to fund innovation that strikes the trade 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 not too long ago expanded into legacy planning and preparation with Empathy LifeVault. The corporate’s platform now permits 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 thousands and thousands of individuals, together with one in 5 life insurance coverage claimants, via 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 stated, “We’re honored to assist thousands and thousands of households of their hardest occasions, and to have earned the belief of main organizations, partnering with main monetary establishments and among the most progressive employers to ship compassionate tech at scale. We’re proud to be on the forefront of revolutionizing trade 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 are financially, logistically, and emotionally taxing, and we see it as a privilege and accountability to use our experience and direct significant sources towards tackling these challenges and elevating the usual of assist.”
Empathy offers protection for near 50 million lives, and up to now 4 months, seven million people have acquired entry to LifeVault via companions like New York Life, Voya, Alfac, and extra.
Empathy is offered 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 corporations like AT&T and Paramount.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on Might 29, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
