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Cocoon provides a software solution for managing employee leave in the Human Resources technology market. Its platform automates the processes related to compliance, claims, and payroll, making it easier for HR teams and employees to navigate leave management. The software ensures accurate calculations of employee eligibility under the Family and Medical Leave Act (FMLA) and various state leave laws, while also sending out necessary notifications. Cocoon's tool allows employees to plan their leave privately, file claims with ease, and track their pay accurately, which helps save HR teams significant time and resources. Unlike many competitors, Cocoon focuses on simplifying the leave process and reducing costs, with an average savings of $12,515 per leave in recouped benefits payments. The goal of Cocoon is to empower organizations to create competitive leave programs that attract and retain talent while streamlining HR operations.
Company Stage
Series A
Employees
51-200
Industries
Consulting, Enterprise Software
Total Funding
$25.5M
Headquarters
N/A
Founded
2020
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