Israeli bereavement help firm Empathy at the moment introduced the completion of a $72 million Collection C financing spherical led by Adams Avenue Companions with participation from Common 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 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 Collection C financing spherical embrace Aflac Ventures, Allianz Strategic Ventures, Citi Influence Fund, Munich Re Ventures, MetLife Subsequent Gen Ventures, New York Life Ventures, Securian Ventures, TIAA Ventures.
Initially specializing in help 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 allows people to create and securely retailer legally binding property plans and important paperwork. Launched in 2021, Empathy’s main loss help answer has eased logistical and emotional burdens for hundreds of thousands 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 places of work 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 help hundreds of thousands of households of their hardest instances, and to have earned the belief of main organizations, partnering with main monetary establishments and a few 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 duty to use our experience and direct significant sources towards tackling these challenges and elevating the usual of help.”
Empathy offers protection for near 50 million lives, and up to now 4 months, seven million people have acquired entry to LifeVault by means of companions like New York Life, Voya, Alfac, and extra.
Empathy is out there 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.
