About Cocoon
Cocoon is a company based in San Francisco (United States) founded in 2020 by Lauren Dai and Mahima Chawla was acquired by Substack in August 2021. It operates as a SaaS (Software-as-a-Service). Cocoon has raised $25.5 million across 2 funding rounds from investors including Substack, Index Ventures and First Round Capital. 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
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Cocoon Financial Services, Inc.
-
Annual Revenue
$312.08 K (USD)98as on Dec 31, 2022
-
Net Profit
$133.53 K (USD)137as on Dec 31, 2022
-
EBITDA
-
Total Equity Funding
$25.5 M (USD)
in 2 rounds
-
Latest Funding Round
$20 M (USD), Series A
Sep 29, 2021
-
Investors
Substack
& 5 more
-
Employee Count
58
as on Dec 31, 2022
-
Acquired by
Substack
(Aug 24, 2021)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Cocoon
Cocoon offers a comprehensive portfolio of products and services, including Cocoon Leave Management Software. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 2
- Last Round Series A — $20.0M
-
First Round
First Round
(01 Dec 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series A - Cocoon | Valuation | Index Ventures | |
| Dec, 2020 | Amount | Seed - Cocoon | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cocoon
Cocoon has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Substack, Index Ventures and First Round Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital investments in technology startups and entrepreneurs.
|
Founded Year | Domain | Location | |
|
US focused seed and early-stage VC firm
|
Founded Year | Domain | Location | |
|
Venture capital investments are made in family-focused technology companies.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Cocoon
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Cocoon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cocoon Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Time tracking and attendance are facilitated through Slack integration.
|
|
| domain | founded_year | HQ Location |
Workforce management solutions are provided for small businesses.
|
|
| domain | founded_year | HQ Location |
Automated employee time tracking is facilitated through cloud-based tools.
|
|
| domain | founded_year | HQ Location |
Employee absences are managed via an online platform for enterprises.
|
|
| domain | founded_year | HQ Location |
Leave management software is provided for organizational teams.
|
|
| domain | founded_year | HQ Location |
An online platform is utilized for document management and collaboration.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Cocoon
Frequently Asked Questions about Cocoon
When was Cocoon founded?
Cocoon was founded in 2020.
Where is Cocoon located?
Cocoon is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Cocoon?
Mahima Chawla is the current CEO of Cocoon. They have also founded this company.
Is Cocoon a funded 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 01, 2020.
How many employees does Cocoon have?
As of Dec 31, 2022, the latest employee count at Cocoon is 58.
What is the annual revenue of Cocoon?
Annual revenue of Cocoon is $312.08K as on Dec 31, 2022.
What does Cocoon do?
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.
Who are the top competitors of Cocoon?
Cocoon's top competitors include Jibble, Workwell Technologies and absence.io.
What products or services does Cocoon offer?
Cocoon offers Cocoon Leave Management Software.
Who are Cocoon's investors?
Cocoon has 6 investors. Key investors include Substack, Index Ventures, First Round Capital, Magnify Ventures, and XYZ Venture Capital.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.