Cocoon

What Cocoon does

Cocoon is a US-based SaaS employee leave management platform that automates compliance, claims, and payroll for parental, medical, caregiver, ADA accommodation, and personal leaves. Founded around 2019-2020 by Amber Feng (CTO), Mahima Chawla (CEO), and Lauren Dai (COO), and headquartered in San Francisco, the company built a proprietary rules engine that codifies FMLA and the leave laws of all 50 US states to determine employee eligibility, generate compliance and designation notices, calculate leave pay across employer, state, and insurance sources, and produce payroll files on the employer's pay calendar. The platform is delivered via web (app.cocoon.com) and a native mobile application, with 20+ pre-built HRIS integrations (including Workday and Rippling), SSO, and AI-enabled features such as a Claims Copilot for step-by-step filing guidance, automated pay explanations, and model training on de-identified leave data.

Cocoon commercializes the platform in two tiers — Core (FMLA leave types, employee leave planning, compliance automation, claims guidance, admin dashboard, 20+ HRIS integrations, SSO, and CLMS-certified support) and Complete (adds personal leaves, ADA accommodation leaves, custom pay calculations and files, HRBP and manager dashboards) — priced on an annual per-employee-per-year subscription plus a one-time implementation fee. Distribution combines a direct sales motion into HR/People Ops/Benefits/Payroll teams with a formal Brokers and Consultants referral channel, dedicated PEO offerings, and Carrier/TPA integrations. The customer base spans hundreds of employers including Benchling, Angi, Affirm, Nextdoor, Miro, Vanta, Fandom, ActiveCampaign, Steno, Baggu, HoneyBook, Gem, and Hatch, with reported outcomes including $12,515 in average savings per leave, 80%+ reductions in admin time, and implementations in as little as three weeks.

In April 2026, Cocoon was acquired by TriNet Group (NYSE: TNET) for undisclosed terms and now operates as a wholly owned subsidiary. TriNet plans to extend its HR Plus offering with a leave-of-absence feature leveraging Cocoon's compliance engine and AI-enabled workflows; Cocoon is not currently accepting new business inquiries as it focuses on integration with TriNet.

Name

Cocoon

Legal name

Cocoon Financial Services, Inc.

Website

https://cocoon.com

Company type

Private

Founded year

2020

Operating status

Acquired

Headcount range

101–250 employees

Short description

Cocoon is a SaaS leave management platform that automates FMLA and all 50 state leave compliance, claims filing, and payroll for HR/People Ops teams at hundreds of US employers. Founded ~2020, it was acquired by TriNet in April 2026.

Ownership category

akta.pro rank

Product category

HR Leave Management Software

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Software Publishers (5132)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Management Services (8741)

akta.pro primary industry

Disability & Leave Administration (STD/LTD/FMLA/Paid Leave) (HLAEALAM)

akta.pro secondary industries

Payroll Software & Payroll-as-a-Service (SaaS) (BPACAIAB), Privacy Management (Consent, DSAR, RoPA) (HDADAFAH)

Keywords

• Employee leave management
• FMLA compliance software
• Leave of absence software
• Paid leave automation
• HR compliance SaaS

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Annual subscription per employee per year: Cocoon charges an upfront annual per-employee-per-year (PEPY) fee based on company size, with all leave types included in the standard pricing. Predictable recurring revenue with tiered packaging (Core and Complete).
2. One-time implementation fee: One-time implementation fee charged alongside the annual subscription to cover onboarding, account configuration, federal/state coverage setup, census, and payroll integration.

Pricing tiers

Go-to-market motion3 records

Distribution channels1 record

Marketing channels8 records

Core offering

Cocoon sells cloud-hosted SaaS software that automates employee leave management for U.S. employers. The platform uses a proprietary rules engine that codifies FMLA and state leave laws to determine eligibility, generate compliance/designation notices, calculate leave pay and produce pay files, and guide employees through claims filing. It is sold on an annual per-employee-per-year subscription basis in two commercial tiers (Core and Complete), with a one-time implementation fee and supplemental free interactive tools for employers and employees.

Product overview

Cocoon is a single, integrated SaaS leave management platform — operated by Cocoon Financial Services, Inc. and now a wholly owned subsidiary of TriNet (acquired April 14, 2026) — that automates compliance, claims, and payroll for parental, medical, caregiver, ADA accommodation, and personal leaves. The platform is sold in two commercial tiers (Core and Complete) and is delivered via the web (app.cocoon.com) and a native Cocoon Mobile Application. It is complemented by a suite of free resources and self-service tools: the State Leave Law Map, Paid Leave Cost Analysis, Employee Leave Planner, In-House Leave Toolkit, Paid Leave Benchmarks, an Interactive Demo Library, and a standalone Caregiver Leave Policy Generator hosted on learn.cocoon.com. The platform uses an AI-enabled rules engine for eligibility determination, automated compliance notices, AI Copilot tools for claim filing, and automated payroll/leave pay calculations, and is offered to Employers, Employees, Carriers/TPAs, PEOs, and Brokers/Consultants.

Differentiator

Problem solved

Functional benefit

Products and services

• Cocoon Leave Management Platform Cloud-hosted SaaS platform that automates the complexities of employee leave — compliance, claims, and payroll — for HR/People Ops teams and their employees. Sold in two tiers: Core (FMLA leave types, private employee leave planning with automated compliance, employee claims guidance, admin dashboard, insights & reporting, integrations with 20+ HRIS platforms, SSO, and unlimited CLMS-certified support) and Complete (adds personal leaves, ADA accommodation leaves, pay source/estimate visibility, custom pay calculations and files, admin controls, custom holiday/shutdown configurations, pay admin access, HRBP dashboard, and Manager dashboard).
• Cocoon Mobile Application

Quantifiable outcome

• Average savings of $12,515 per leave in recouped benefits payments
• +6 more outcomes

Named customers31 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability6 records

Feature8 records

Partnerships

Seven partnerships are on record, tiered flagship — wholly-owned subsidiary relationship; cocoon now operates inside trinet's hr platform for smbs., core — referred steno to cocoon and authored a customer story., core — relevant hris integration despite rippling's exclusive contract with a cocoon competitor; baggu chose cocoon over the bundled competitor., core — pre-built hris integration referenced by activecampaign., core — formal channel with preferred partner pricing and a dedicated quote form., strategic — dedicated solution offering for peos to bundle cocoon with co-employment services. and strategic — dedicated "for carriers and tpas" solution page..

• TriNetflagship — wholly-owned subsidiary relationship; cocoon now operates inside trinet's hr platform for smbs.Strategic or Co-development Partner · 14 April 2026TriNet completed its acquisition of Cocoon on April 14, 2026, making Cocoon a wholly-owned subsidiary. TriNet is integrating Cocoon's compliance-driven leave-of-absence product, automated workflows, and AI-enabled capabilities into its HR solutions for small and medium-sized businesses. TriNet plans to extend its HR Plus offering with a leave-of-absence feature leveraging Cocoon. Financial terms were not disclosed.
• Sequoia (benefits advisory)core — referred steno to cocoon and authored a customer story.GTM or Marketing Partner · 1 January 2025Sequoia, a benefits advisory/consulting firm, introduced Steno to Cocoon during its vendor selection and is featured as a Cocoon customer/blog partner ("What good leave management feels like—from both sides of the desk: a Sequoia benefits advisor").
• Ripplingcore — relevant hris integration despite rippling's exclusive contract with a cocoon competitor; baggu chose cocoon over the bundled competitor.Technology or Integration · 1 January 2025Rippling is a major HRIS platform that Baggu had just implemented; Baggu noted Rippling had an exclusive integration contract with a Cocoon competitor (Tilt), but Baggu still selected Cocoon because of its superior automated employer compliance.
• Workdaycore — pre-built hris integration referenced by activecampaign.Technology or Integration · 1 January 2024Workday is one of the 20+ HRIS platforms Cocoon integrates with. ActiveCampaign's case study explicitly notes that "Cocoon also integrates with Workday," enabling automated payroll and benefits data flow.
• Benefits brokers and consultancies (channel)core — formal channel with preferred partner pricing and a dedicated quote form.Channel Partner/ Reseller/ Distributor · 1 January 2024Cocoon runs a formal "Brokers and Consultants" program with preferred partner pricing, a dedicated solution page, and a quote form promising a customized proposal within 48 hours. The program is a key source of referred leads for mid-market employers.
• PEOs (Professional Employer Organizations)strategic — dedicated solution offering for peos to bundle cocoon with co-employment services.OEM/ Whitelabel/ Licensing Partner · 1 January 2024Cocoon has a dedicated "For PEOs" solution page and offerings tailored for PEOs to embed Cocoon's leave management technology into their HR stack for client worksite employees.
• Insurance Carriers and TPAsstrategic — dedicated "for carriers and tpas" solution page.OEM/ Whitelabel/ Licensing Partner · 1 January 2024Cocoon offers a "For Carriers and TPAs" solution (leave-planning integration) and uses carriers' data to file short-term disability claims on behalf of employees.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• AbsenceSoft: Direct SaaS competitor in the U.S. leave and absence management category. Angi publicly switched from AbsenceSoft to Cocoon, citing coverage across 47 states and automation advantages, illustrating direct head-to-head competition for the same employer buyer.
• Tilt: Direct leave management competitor with an exclusive integration contract with Rippling HRIS. Baggu specifically cited the Rippling–Tilt exclusivity when evaluating Cocoon, confirming Tilt is a competing point solution in the same category and buyer segment.

Emerging players

• LeaveBoard: Emerging SaaS leave management platform targeting SMB and mid-market employers. Comparable core functionality (leave tracking, compliance, accruals) with a narrower feature set and smaller customer base than Cocoon.

Broad incumbents

• Sedgwick: Largest traditional third-party leave and absence administrator in the U.S., serving Fortune 500 employers via call-center models. Represents the incumbent approach Cocoon explicitly positions itself against ("software-native alternative to call-center leave administrators").
• ADP TotalSource: PEO arm of ADP offering co-employment HR outsourcing including leave administration. A broad incumbent that competes for the same SMB HR buyer Cocoon targets and bundles leave as part of a wider HR suite.
• Rippling: Unified HRIS platform that bundles leave management through its exclusive Tilt integration. Competes indirectly by offering leave as part of a broader workforce management suite — a major channel and bundling threat to Cocoon's standalone product.
• Workday: Enterprise HCM suite that includes absence and leave tracking capabilities. ActiveCampaign and other Cocoon customers integrate Cocoon with Workday, but Workday's native leave modules compete for the same HR buyer and represent a bundling risk at scale.
• BambooHR: SMB-focused HRIS platform with built-in time-off and PTO tracking. Targets the same mid-market and SMB HR buyer Cocoon sells into and competes via integrated-suite convenience rather than leave-specific depth.
• Justworks: PEO for SMBs providing co-employment HR services including leave administration as part of its benefits bundle. Direct peer to TriNet's PEO business (Cocoon's new parent), competing for the same SMB customer segment.
• Unum Group: Major disability and leave insurance carrier offering integrated leave administration services to employers. Represents the traditional insurance-carrier side of the leave ecosystem that Cocoon partners with via its "For Carriers and TPAs" solution while also competing for employer mindshare.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/meet_cocoon
• LinkedInlinkedin.com/company/meetcocoon

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds4 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cocoon