About Cocoon
Cocoon is a Technology company based in San Francisco (United States) founded in 2020 by Lauren Dai and Mahima Chawla, and was acquired by TriNet in April 2026. Employee leave management software is provided by Cocoon. It operates on a SaaS (Software-as-a-Service) model. Cocoon has raised $25.5 million across 2 funding rounds from investors including Substack, TriNet and Index Ventures. The company has 58 employees. Its chief executive, as recorded, is Mahima Chawla. Its website cocoon.com draws about 25 thousand monthly visits. Cocoon offers products and services including Cocoon Leave Management Software. Its focus areas include HR Tech and Leave Management Solutions. Its legal entity is Cocoon Financial Services, Inc. Its competitors include Workwell Technologies and ClockShark.
Company details
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.
- Headquarters San Francisco, United States
- Employees 58
- Founders Lauren Dai, Mahima Chawla
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website cocoon.com
- Social LinkedIn X
- Acquired by Substack (Aug 2021)
- Legal Name Cocoon Financial Services, Inc.
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.
- Total Funding $25.5M
- Total Rounds 2
- Last Round Series A — $20M
- First Round $5.5M
(Dec 2020)
- Investors Count 5
All 2 funding rounds of Cocoon with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2021 | $20M | Series A | – | Index Ventures | |
| Dec 2020 | $5.5M | Seed | – | – |
7 investors in total: 7 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology startups and entrepreneurs. | indexventures.com | |||
US focused seed and early-stage VC firm | firstround.com | San Francisco, United States | ||
Venture capital investments are made in family-focused technology companies. | magnify.vc | Santa Monica, United States | ||
Investments in early-stage companies are managed by XYZ Venture Capital. | xyz.vc | San Francisco, United States | ||
Investments are directed by SemperVirens Venture Capital toward multiple sectors. | sempervirensvc.com | New York, United States | ||
Subscription-based platform for publishers' content management is provided. | 2017 | substack.com | San Francisco, United States | |
Cloud-based HRMS platform is offered for small and medium businesses. | 1988 | trinet.com | Dublin, United States |
Investor details for Cocoon
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People of Cocoon
2 people are tracked at Cocoon (2 in leadership); the tracked headcount is 58.
| Name | Role | Group |
|---|---|---|
Lauren Dai | Co-Founder | Leadership |
Mahima Chawla | Co-Founder & CEO | Leadership |
Complete people profiles for Cocoon
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Competitors of Cocoon
Cocoon has 2 listed competitors in our database. They include Workwell Technologies and ClockShark.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| workwelltech.com | 2005 | Carlsbad, United States | 83 | Workforce management solutions are provided for small businesses. | ||
| clockshark.com | 2013 | Albuquerque, United States | 48 | Automated employee time tracking is facilitated through cloud-based tools. |
Detailed competitors of Cocoon
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Web traffic of Cocoon
The website of Cocoon (cocoon.com) receives about 25.4K visits a month.
- Monthly visits25.4K
▼ 15.6% vs previous month
Websites whose visitors overlap most with Cocoon. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details | |
| getcocoon.com | 94% | 1.3K | #10,328,272 | View details | |
| linkedin.com | 83% | 1.9B | #18 | View details | |
| reddit.com | 79% | 4.4B | #9 | View details | |
| x.com | 76% | 4.5B | #5 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Cocoon
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- 6 similar websites
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Top companies in HR & Workforce Technology
3 companies that operate in the same segment as Cocoon (HR & Workforce Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | 1,695 | ||
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M |
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Related news about 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 CEO of Cocoon, as recorded in our data. They have also founded this company.
Cocoon is a funded company, having raised a total of $25.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $5.5M, raised on Dec 2020.
Cocoon has 58 employees.
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 Workwell Technologies and ClockShark.
Cocoon offers Cocoon Leave Management Software.
Cocoon has 7 investors. Key investors include Substack, TriNet, Index Ventures, First Round Capital, and Magnify Ventures.
Cocoon operates through Cocoon Financial Services, Inc..
Yes. Cocoon was acquired by Substack in August 2021.