Empathy, a bereavement support platform, has announced a $47 million Series B funding round led by Index Ventures. Life insurance carriers such as Allianz, MassMutual and MetLife, also joined the round, bringing Empathy’s total capital raised to $90 million.
The company’s mission is to provide comprehensive support for bereaved families, addressing both emotional challenges and administrative tasks. Empathy’s platform is available at no cost to millions of families nationwide, either as part of their life insurance benefit or through their employer’s bereavement leave. It currently covers more than 5 million lives and recorded a fourfold increase in revenue for 2023.
Empathy will use the new funding to scale up its services to reach more families and develop more effective ways to help them. The company's long-term vision is to create a compassionate economy where bereavement care is openly addressed and families receive the essential support they require.
