What does Empathy do?
Empathy is a technology company that provides critical support for bereavement, estate management, and legacy planning. It partners with U.S. life insurance carriers to offer loss support services to over 45 million policyholders and handles one in five life insurance claims in the U.S.
How much did they raise?
The company raised $72M in Series C funding, led by Adams Street Partners, with participation from investors including General Catalyst, Index Ventures, Entrée Capital, Brewer Lane Ventures, SemperVirens, Latitude, LionTree, Aflac Ventures, Allianz Life Ventures, Citi Impact Fund, Munich Re, MetLife, New York Life, Securian, and TIAA Ventures. This round brings their total funding to $162M.
What are their plans for the money?
Empathy plans to use the funds to expand its operations and broaden its business reach. The investment will support further innovations such as the new Empathy LifeVault™ platform, enabling easier creation and secure storage of legally binding estate plans and essential documents.
What have they achieved so far?
The company has made significant strides by handling one in five life insurance claims in the U.S. and establishing robust partnerships with leading U.S. life insurance carriers, demonstrating its effectiveness in delivering loss support and legacy planning services.
