Elayne (Founding)
Funding Details
Awarder
YCombinator
Date Award
June 19, 2024
Vertical
B2B,Human Resources
Company Info
Founding Year
2024
Market
B2B
Location
Denver, CO, USA
Coinvestors
YCombinator
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.

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