About Cocoon
Cocoon offers a software solution for managing employee leave, automating compliance, claims, and payroll processes in Human Resources. The platform simplifies the complexities of the Family and Medical Leave Act (FMLA) and state leave laws, ensuring accurate eligibility calculations and timely notifications. Cocoon stands out by providing an intuitive tool that saves HR teams time and resources, with an average savings of $12,515 per leave in recouped benefits. The company's goal is to enhance leave management efficiency while helping organizations attract and retain talent.
San Francisco, CaliforniaHeadquarters
2020Year Founded
$27.7MTotal Funding
SERIES_ACompany Stage
Consulting, Enterprise Software, Financial ServicesIndustries
51-200Employees
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Professional Development Budget
Parental Leave
Paid Sick Leave
Paid Vacation
Flexible Work Hours
Risks
Increased competition from HR tech companies like Gusto and Zenefits.
Data privacy concerns over sensitive health and leave information management.
Economic downturns may reduce HR budgets for new software adoption.
Differentiation
Cocoon automates compliance, claims, and payroll, reducing HR workload significantly.
Founded by ex-Stripe and Square employees, Cocoon leverages deep tech industry expertise.
Cocoon partners with top employers like Carta and Khan Academy for tailored leave solutions.
Upsides
Cocoon benefits from increased demand for remote work solutions in HR tech.
AI integration enhances Cocoon's compliance and payroll automation capabilities.
Growing focus on mental health boosts demand for Cocoon's comprehensive leave management.
Funding
Total raised$27.72 M
Latest valuation$100.00 M
StageSERIES_A
SERIES A
8/31/2021$20
$100.00 MSEED
11/30/2020$6
$27.50 M