About Cocoon
Cocoon is a company based in San Francisco (United States) founded in 2020 by Lauren Dai and Mahima Chawla was acquired by TriNet in April 2026. It operates as a SaaS (Software-as-a-Service). Cocoon has raised $25.5 million across 2 funding rounds from investors including Substack, TriNet and Index Ventures. The company has 58 employees as of December 31, 2022. Cocoon offers products and services including Cocoon Leave Management Software. Cocoon operates in a competitive market with competitors including Jibble, Workwell Technologies, ClockShark, Andgo and absence.io, among others.
- Headquarter San Francisco, United States
- Employees 58 as on 31 Dec, 2022
- Founders Lauren Dai, Mahima Chawla
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Cocoon Financial Services, Inc.
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Annual Revenue
$312.08 K (USD)98as on Dec 31, 2022
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Net Profit
$133.53 K (USD)137as on Dec 31, 2022
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EBITDA
Not available
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Total Equity Funding
$25.5 M (USD)
in 2 rounds
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Latest Funding Round
$20 M (USD), Series A
Sep 29, 2021
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Investors
Substack
& 6 more
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Employee Count
58
as on Dec 31, 2022
- Acquired by
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Products & Services of Cocoon
Cocoon offers a comprehensive portfolio of products and services, including Cocoon Leave Management Software.
Employee leave management is automated for compliance ease.
Funding Insights of Cocoon
Cocoon has successfully raised a total of $25.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Cocoon
Cocoon has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Substack, TriNet and Index Ventures.
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Venture capital investments in technology startups and entrepreneurs.
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US focused seed and early-stage VC firm
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Venture capital investments are made in family-focused technology companies.
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Investor details for Cocoon
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Investments & Acquisitions by Cocoon
Investment portfolio details for Cocoon
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Financial Statements - Cocoon
Detailed financials for Cocoon
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Cocoon Comparisons
Peer comparison for Cocoon
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Competitors of Cocoon
Cocoon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Jibble, Workwell Technologies, ClockShark, Andgo and absence.io, among others.
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Time tracking and attendance are facilitated through Slack integration.
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Workforce management solutions are provided for small businesses.
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Automated employee time tracking is facilitated through cloud-based tools.
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Employee absences are managed via an online platform for enterprises.
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Leave management software is provided for organizational teams.
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An online platform is utilized for document management and collaboration.
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Detailed competitors of Cocoon
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Latest news on Cocoon
Complete news archive for Cocoon
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Frequently Asked Questions about Cocoon
Cocoon was founded in 2020.
Cocoon is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Mahima Chawla is the current CEO of Cocoon. They have also founded this company.
Cocoon is a funded company, having raised a total of $25.5M across 2 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Cocoon is 58.
Annual revenue of Cocoon is $312.08K as on Dec 31, 2022.
Employee leave management solutions are offered by Cocoon, focusing on automating compliance, claims, and payroll processes for HR teams. Various leave types such as parental, medical, and caregiver are supported. Integration with HRIS systems is enabled to streamline operations. Solutions are tailored for employers, employees, carriers, PEOs, brokers, and consultants across diverse sectors. Significant time and cost savings are achieved through automation of complex leave-related tasks.
Cocoon's top competitors include Jibble, Workwell Technologies and absence.io.
Cocoon offers Cocoon Leave Management Software.
Cocoon has 7 investors. Key investors include Substack, TriNet, Index Ventures, First Round Capital, and Magnify Ventures.