Summary:
- Empathy, a NYC-based lost support and legacy planning technology company, secured $72M in Series C funding.
- The funding round was led by Adams Street Partners and included participation from various prominent investors.
- Empathy plans to use the funds to expand its operations and business reach.
Article:
Empathy Secures $72M in Series C Funding for Lost Support and Legacy Planning Technology
Empathy, a leading technology company based in New York City, recently announced that it successfully raised $72 million in Series C funding. The funding round was led by Adams Street Partners, with participation from several notable investors such as General Catalyst, Index Ventures, and Entrée Capital, among others. This significant investment will allow Empathy to further expand its operations and reach in the lost support and legacy planning technology sector.
Led by CEO Ron Gura, Empathy is known for providing support for bereavement, estate management, and legacy planning. With a strong focus on serving over 45 million policyholders across North America, the company has established partnerships with U.S. life insurance carriers and currently handles a substantial portion of life insurance claims in the country.
In a recent move to diversify its offerings, Empathy expanded into legacy planning and preparation with the introduction of Empathy LifeVault™. This new platform allows individuals to create and securely store legally binding estate plans and essential documents within minutes, enhancing the overall user experience and providing a comprehensive solution for legacy planning needs.
The successful Series C funding round brought Empathy’s total funding amount to $162 million, signifying a significant milestone for the company’s growth and development in the industry. With a strong focus on innovation and customer-centric solutions, Empathy continues to solidify its position as a leader in the lost support and legacy planning technology space.
Overall, Empathy’s recent funding announcement highlights the company’s commitment to providing essential services for individuals facing loss and the importance of legacy planning in today’s fast-paced digital world. As Empathy continues to expand its offerings and reach, it is poised to make a significant impact on the industry and provide valuable support to its growing customer base.
For more updates and information about Empathy, visit their website at empathy.com.
This article was originally published on FinSMEs on 29/05/2025.
