Empathy Raises $47M to Grow Bereavement Platform, Redefine Care for 35M Using Tools to Handle Loss
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Empathy has raised $47M in a Series B round to grow its platform that helps people cope with bereavement and handle practical tasks when a loved one dies.
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The platform incorporates AI and human guides to help with obituaries, settling finances, closing online accounts, and other logistics.
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The round was led by Index Ventures with several major insurance firms participating as strategic investors. Empathy works via a B2B2C model.
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To date, 5M employees and 35M policyholders use Empathy's tools. The funding will further develop offerings and focus on redefining bereavement care.
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The company was founded in Israel but operates in the US, launching in 2021. It has now raised $90M total and approaches a $400M valuation.