Hey everyone, we’re Adria and Graf - cofounders of Elayne 👋

TL;DR

Imagine losing a family member. You're grieving and overwhelmed by tasks like funeral planning, managing bills, insurance, probate, and closing accounts—all while trying to process your emotions and return to work. The last thing you need is 400 hours of estate settlement tasks looming over you for the next 16-20 months, making it challenging to perform at work and nearly impossible to take care of your mental health. We solve this problem for both you and your employer.

Ask: Is your HR team currently reviewing benefits for 2025? Introduce us! Email adria@meetelayne.com or book a demo here.

👫 The Team

Adria (CEO) - Adria is a former private equity investor at Permira and Blackstone and experienced this problem firsthand after losing her mom. Instead of focusing on due diligence at work, she had to spend hours figuring out how to plan a funeral, manage probate, settle bills, and close hundreds of accounts. She left her job within a year of her loss, as many bereaved employees often do.

Graf (CTO) - Graf cut his teeth in fintech working for Truebill (YC W16). There, he led the core web and mobile team, managing the implementation of critical experiences such as subscriptions, transactions, and net worth.

❌ The Problem

Employee bereavement costs US businesses $100bn each year.

• A look at the numbers: For every 1,000 employees annually:
  • 250 employees will experience bereavement, 150 will experience a major loss
  • 418 days will be spent on affairs settlement by employees
  • $608,000 cost to business in lost productivity, absenteeism, and attrition
• No solutions: there are no practical tools in the market to help HR leadership support their employees in the months following a loss
• Manual and time-consuming: settling an estate takes an average of 400 hours over 18 months to complete and is currently completely manual

🙇 Our Solution: One Platform for Family Estate Planning and Automated Settlements

Family Estate-Readiness 👪

The estate-readiness platform provides a novel way for employees and their immediate family members to organize and optimize their estates.

• Visualizations: Visualize your estate by uploading existing documentation and using our AI to extract information.
• Optimizations: Use our AI to identify issues that could lead to problems executing the estate.
• Document Vault: Upload and securely store critical documents that are needed in the event of a death.

Automated Settlements 🕊️

The post-loss platform saves employees 400 hours over 18 months by automating estate and affairs settlement after each loss.

• AI Concierge: Chat with our AI concierge, who knows all the details about your situation and can execute tasks on your behalf.
• Personalized Roadmap: Understand at a glance what you have to do, what your loved one planned ahead of time, and what the Elayne AI can do for you.
• Resources: Access exclusive resources that help you understand probate and other opaque parts of the post-loss process.

For HR Leaders ✨

Knowing what to say and how to support an employee experiencing a loss is hard, and navigating the death of an employee is even harder. We're here to help:

• Immediate Response: Elayne steps in with an immediate action plan to coordinate urgent needs and communications on behalf of the employee or their family
• Workshops: Explore the emotional and practical challenges that arise during the estate planning and settlement process and learn strategies to foster resilience
• Dashboard: Quickly understand utilization rates, hours saved, and cost savings -for both your employees and company.

🙏 Our Ask

• Follow us on LinkedIn, and book a demo with our team.
• Share this post! -  Do you know anyone in your network who is a CHRO, HR or benefits manager, or head of Total Rewards? Please share this post (or our promo video below!)
• Learn more at Elayne.com

https://www.youtube.com/watch?v=UH8_L0xEq9Q