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Adams Street is proud to announce that it led the $72 million Series C fundraise for Empathy, which helps users of its digital platform navigate the challenges of bereavement, both before and after losing a loved one.

Category Disruptor

Despite its inevitability, most people are profoundly unprepared for the loss of a loved one. This impacts individuals, families, and workplaces, taking a toll on time, finances, and emotional well-being. Empathy’s Cost of Dying Report illustrates the burden, stating that the average family spends $12,616 on loss-related expenses and takes 15 months to complete associated administrative tasks.1

As a category disruptor, Empathy has a deep understanding of how underserved those suffering loss can be. Its digital platform offers tailored support to help the bereaved manage the complex, often overwhelming burdens associated with loss. Through its app, users receive a customized profile that provides personalized support at every step of the grieving process. Recognizing that each individual or family experiences loss differently, Empathy offers resources including a library of articles, audio guides, meditations, and access to 24/7 assistance from a dedicated care manager.

Redefining Loss Support

Life insurance carriers and financial institutions are eager to provide peace of mind and wealth creation opportunities for both existing clients as well as the next generation. Value-added services help institutions to maintain the trust and legacy they have built over decades or even centuries. Empathy provides a new way to do that through comprehensive, compassionate support for individuals, families, and beneficiaries as they navigate loss.

Before Empathy, loss support options tended to be impersonal, fragmented and therefore under-utilized. Empathy’s platform sets a new standard for bereavement care through deep integration with leading insurers such as MetLife, New York Life, and Aflac. These collaborations take the insurance provider’s care beyond the policy, reinforcing their commitment to serving families with care and dignity. The partnerships also solidify Empathy as a key provider in an evolving market, where emotional and logistical guidance is becoming a core expectation.

Empathy’s recently introduced estate planning platform, LifeVault, helps families to proactively organize and store critical documents such as wills and healthcare directives, safeguarding their loved ones by protecting and preparing them for life’s uncertainties.

With this funding, Empathy plans to accelerate innovation and growth across markets, products, and industries. By building trusted relationships with leading employers, Empathy continues to expand its mission to transform how organizations care for people when they need it most.

Strong, Mission-Focused Team

That mission is driven by the deep expertise of co-founders Ron Gura, the chief executive, chief technology officer Yonatan Bergman, and the entire Empathy team. Having experienced loss at a young age, Ron felt a natural pull towards finding a solution to help those around him cope. Realizing there were few, if any, integrated and personalized solutions, he set out to create one. Together with Yonatan and their team, they have built a platform that combines emotional intelligence with technical excellence, earning them the trust of highly respected institutions by creating a source of guidance and comfort so that people do not have to navigate loss alone.

Adams Street is excited to partner with Empathy as it continues to pioneer a new standard in grief support. Congratulations to the Empathy team on its Series C raise.


1. Empathy Releases Annual ‘Cost of Dying’ Report for 2024, January 17, 2024.


Important Considerations: This information (the “Paper”) is provided for educational purposes only and is not investment advice or an offer or sale of any security or investment product or investment advice. Offerings are made only pursuant to a private offering memorandum containing important information. Statements in this Paper are made as of the date of this Paper unless stated otherwise, and there is no implication that the information contained herein is correct as of any time subsequent to such date. All information has been obtained from sources believed to be reliable and current, but accuracy cannot be guaranteed. References herein to specific sectors, general partners, companies, or investments are not to be considered a recommendation or solicitation for any such sector, general partner, company, or investment. Past performance is not a guarantee of future results. Projections or forward-looking statements contained in the Paper are only estimates of future results or events that are based upon assumptions made at the time such projections or statements were developed or made. There can be no assurance that the results set forth in the projections or the events predicted will be attained, and actual results may be significantly different from the projections. Also, general economic factors, which are not predictable, can have a material impact on the reliability of projections or forward-looking statements. Adams Street Partners, LLC is a US investment adviser governed by applicable US laws, which differ from laws in other jurisdictions.