Cocoon provides an automated HR technology solution for employee leave management. It handles compliance, claims, payroll, and reporting, helping People teams and employees manage leaves with less risk and effort. The product lets employees privately plan leave, file claims, and track pay, while the system automatically enforces FMLA and state leave rules, calculates eligibility, and sends required notices. It saves companies time and money by handling heavy lifting in compliance and payroll, and it can integrate with brokers and consultants to support a wide range of clients. Cocoon aims to simplify leave management, reduce errors, and lower costs for HR teams while helping organizations offer competitive leave programs to attract and retain talent.
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Industries
Company Size
51-200
Company Stage
Acquired
Total Funding
$28.6M
Headquarters
San Francisco, CA
Founded
2020
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Total Funding
$28.6M
Above
Industry Average
Funded Over
5 Rounds
TriNet, a provider of human resources solutions for small and medium-sized businesses, has entered into a definitive agreement to acquire Cocoon, a leave management technology platform. Financial terms were not disclosed, and the deal is not expected to materially impact TriNet's 2026 financial guidance. The acquisition will strengthen TriNet's leave of absence offering with Cocoon's compliance-driven product featuring automated workflows, AI-enabled capabilities and integrated claims filing with state and disability carriers. Cocoon, founded in 2020 by former Stripe and Square leaders, is backed by Index Ventures and First Round Capital. Upon completion, Cocoon will become a wholly owned subsidiary of TriNet. The transaction is expected to close this month, subject to customary closing conditions including regulatory approvals.
Nuapay’s partnership with Cocoon empowers auto sales garages to cut costs by three quarters compared to traditional card-based payment methods, which do not suit automotive dealers.
Cocoon, a coworking and community event space, has opened at 49 Wyckoff Ave. in Bushwick.
Cocoon, which offers a service to help companies and employees manage leave, raises $20M Series A led by Index Ventures — Employee leave benefits are a complicated web of company and government policies, and Cocoon is out to bring clarity and simplicity to both the employer and employee experience.
Throughout this year, Substack acquired subscription app Cocoon, debate platform Letter and community management consultancy People & Company.
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Industries
Company Size
51-200
Company Stage
Acquired
Total Funding
$28.6M
Headquarters
San Francisco, CA
Founded
2020
Find jobs on Simplify and start your career today
We update Cocoon's jobs every few hours, so check again soon!Browse all jobs