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 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 shaped 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 Impression 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 just 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 resolution has eased logistical and emotional burdens for tens of millions of individuals, together with one in 5 life insurance coverage claimants, by way 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 assist tens of millions of households of their hardest instances, 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 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 can 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 assist.”
Empathy gives protection for near 50 million lives, and previously 4 months, seven million people have acquired entry to LifeVault by way of companions like New York Life, Voya, Alfac, and extra.
Empathy is accessible 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.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on Could 29, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
