Empathy raises $47 million

Empathy, a startup offering a range of services for people dealing with loss, has raised $47 million in a Series B round led by Index Ventures, with participation from General Catalyst, Entrée Capital, Latitude, Brewer Lane, Allianz, MassMutual Ventures, MetLife, New York Life Ventures, Securian Financial, and Sumitomo, bringing its total capital raised to $90 million.

Founded in 2020, the NY-based startup offers an app that guides users through the tasks that need to be completed after the death of a loved one. The app also features content around grief, offering insights about the grieving process, as well as guided meditations.

Empathy currently offers services to 5 million employees and 35 million policyholders across the US at no cost to families.

“Dealing with the loss of a loved one is one of life’s most challenging moments, yet there has been a problematic gap in the traditional support systems and benefits that barely touches on what families need. Empathy continues to set new standards for supporting families through grief and loss. We are honored to provide help in a sustainable, scalable way by working with employers and insurance carriers to become the new standard for modern benefits. Embracing empathy in the workplace is good for families, good for business, and good for our society as a whole.” – Ron Gura, Co-Founder and CEO of Empathy.