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§ Private Profile · San Francisco, CA, USA
Employee leave management software, a B2B SaaS platform automating complex compliance, claims, and payroll for HR teams.
Cocoon has raised $34.0M across 4 funding rounds.
Key people at Cocoon.
Cocoon was founded in 2020 by Sachin Monga (Founder) and Alex Cornell (Founder).
Cocoon has raised $34.0M in total across 4 funding rounds.
Based in San Francisco, California, Cocoon is a business-to-business software organization that develops an employee leave management platform to automate the complexities of compliance, claims, and payroll. The human resources technology enables workers to plan their absences and track pay while assisting employers in managing administration at scale, saving an average of $12,515 per employee leave in recouped benefits payments. The software platform currently serves a growing user base of over 100 corporate customers, providing administrative infrastructure to notable technology companies including Notion and Carta. Operating with a workforce of approximately 46 employees, the enterprise has successfully secured $26 million in total venture capital funding from lead investors such as Index Ventures and First Round Capital. Cocoon was officially founded in 2020 by chief executive Mahima Chawla alongside former Stripe executives Amber Feng and Lauren Dai.
Cocoon is an employee leave management software founded in 2020 and headquartered in San Francisco, California. It automates the complex processes of compliance, claims, and payroll related to employee leave, aiming to simplify and humanize the experience for both employers and employees. Cocoon serves corporate HR departments and benefits teams at companies such as Carta, Notion, Benchling, and Khan Academy, helping them support employees through pivotal life moments like childbirth, caregiving, and personal health. By reducing administrative burdens, Cocoon enables People teams to focus more on employee care rather than navigating regulatory complexities. The company has raised $25.5 million in funding and has gained traction with over 100 customers, reflecting strong growth momentum in the HR tech space[1][2][3].
Cocoon was co-founded in June 2020 by Mahima Chawla (CEO), Amber Feng (CTO), and Lauren Dai (COO), all of whom have backgrounds in product management and business development at leading tech companies like Square and Stripe. The idea emerged from conversations about the confusing and stressful nature of taking leave, which often involves navigating company policies, government regulations, and insurance claims. Recognizing a gap in the market for a seamless, technology-driven solution, the founders set out to transform leave management into a simple, automated process. Early traction included partnerships with large employers such as Carta, and the company quickly raised a $20 million Series A led by Index Ventures shortly after launch[3][4].
Cocoon rides the growing trend of digitizing and automating HR functions, particularly in employee benefits and compliance, areas traditionally burdened by complexity and manual processes. The timing is favorable due to increasing regulatory demands around employee leave and a heightened focus on employee well-being and experience. Cocoon’s technology-driven approach aligns with broader market forces pushing for more efficient, data-driven HR solutions. By simplifying leave management, Cocoon influences the ecosystem by setting new standards for how companies support employees during critical life events, thus enhancing workplace culture and retention[3][4][6].
Looking ahead, Cocoon is well-positioned to expand its footprint as more companies prioritize employee experience and compliance automation. Trends such as remote work, evolving leave laws, and increased attention to mental health will likely drive demand for Cocoon’s platform. The company may deepen integrations with payroll and benefits providers and leverage its growing data insights to offer predictive analytics and personalized leave planning. Cocoon’s influence is expected to grow as it continues to reshape leave management into a seamless, supportive experience, reinforcing its mission to empower employees during life’s most important moments[3][4][6].
Key people at Cocoon.
Cocoon has raised $34.0M across 4 funding rounds. Most recently, it raised $5.0M Seed in May 2024.
Cocoon was founded in 2020 by Sachin Monga (Founder) and Alex Cornell (Founder).
Cocoon has raised $34.0M in total across 4 funding rounds.
Cocoon's investors include Breakthrough Energy Ventures, Chemistry VC, Sophie Bakalar, FasterCapital, First Round Capital, Gigascale Capital, Lowercarbon Capital, SOSV, Wireframe Ventures, American Express Ventures, Bain Capital Ventures, Bessemer Venture Partners.
