Funding Details
- Awarder
- YCombinator
- Date Award
- June 19, 2024
- Vertical
- B2B,Human Resources
- Funding URL
- View Funding Page
- Valuation
-
$0
Company Info
- Founding Year
- 2024
- Company Description
- Elayne is a benefit solution that empowers employees and their families with Legacy Planning and automated estate closures.
Over 75% of today’s workforce will need to plan for or manage a family member’s death in the next decade, a process that takes over 400 hours across 16 months. This administrative burden causes a $100 billion annual drag on US companies due to lost productivity, absenteeism, and attrition.
Our platform leverages GenAI and post-pandemic policy changes to automate financial, legal, and administrative tasks, while offering additional services such as funeral planning, insurances, asset migrations, and estate loans. Our AI assistant auto-populates modules based on uploaded materials, identifies gaps in the Legacy Plan, and provides straightforward recommendations.
By approaching this problem as an employee benefit, Elayne addresses the 44% increase in attrition, 30 missed workdays, and 76% drop in productivity that follows a family member’s death.
- Market
- B2B
- Location
-
Denver,
CO,
USA
- Coinvestors
- YCombinator
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