Name

Cocoon

Legal name

Cocoon Financial Services, Inc.

Website

https://cocoon.com

Company type

Private

Founded year

2020

Operating status

Acquired

Headcount range

11–50 employees

Ownership category

akta.pro rank

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

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

Revenue model

1. Subscription - Per Employee Annual Fee: Cocoon charges an upfront annual per employee per year fee based on company size plus a one-time implementation fee, giving employers transparency and predictability into their annual costs. All leave types are included in standard pricing.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Cocoon is a cloud-hosted SaaS leave management platform that automates FMLA and state leave law compliance, employee claims filing, and payroll calculations for employers. It serves both HR/People Ops teams and individual employees through an admin dashboard and a private employee planning portal, with integrations to 20+ HRIS platforms and coverage across 40+ states. The platform is sold via annual per-employee subscriptions plus a one-time implementation fee, with a sales-led motion to SMB and mid-market employers and indirect channels via brokers and PEOs.

Product overview

Cocoon is a leave management SaaS platform that automates the complexities of compliance, claims, and payroll for employee leave. The platform consists of two pricing tiers (Core and Complete) and serves both employees and employers through integrated modules. For employees, Cocoon enables private leave planning, step-by-step claims guidance via Claims Dashboard and Copilot tools, and Pay Trackers for monitoring payments. For employers, the platform provides automated FMLA and state law eligibility determination, admin dashboards, reporting insights, and payroll calculation automation. The platform supports all FMLA leave types, personal leaves, and ADA accommodation leaves, with integrations to 20+ HRIS platforms and unlimited access to CLMS-certified Support team.

Differentiator

Problem solved

Functional benefit

Products and services

• Cocoon Leave Management Platform Cloud-hosted SaaS platform that gives employees a private way to plan leave and helps employers automate FMLA and state compliance, claims, payroll calculations, and reporting for parental, medical, caregiver, personal, and ADA accommodation leaves across all 50 states.
• Employee Experience Self-service employee portal that lets individual employees privately plan leave in under 10 minutes, file claims with step-by-step guidance, track pay across employer, state, and insurance sources via Pay Trackers, and access CLMS-certified Support throughout the leave journey.
• Employer Experience Admin dashboard and tooling for People teams providing automated FMLA and state law eligibility determination, leave tracking with timeline updates, report exports, in-platform ROI and leave analytics, and automated payroll calculations with detailed payment visibility.
• CLMS-Certified Support Team Certified leave management specialist support team providing unlimited access via email and phone for complex leave questions throughout the employee leave journey, included with Cocoon subscriptions.
• Paid Leave Benchmarks Tool Standalone interactive benchmarking tool that analyzes paid leave policies across 250+ venture-backed companies, providing insights into parental, medical, and caregiver leave trends segmented by company size and industry.
• State Leave Law Map

Quantifiable outcome

• Reduces leave management time from 3+ hours to 30 minutes per leave (80% reduction)
• +3 more outcomes

Named customers11 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability4 records

Feature9 records

Partnerships

Three partnerships are on record, tiered minor and core.

• SequoiaminorGTM or Marketing PartnerSequoia is a benefits advisory firm that introduced Cocoon to Steno (customer). Sequoia operates as a referral partner introducing Cocoon to their clients.
• HRIS Integration PartnerscoreTechnology or IntegrationCocoon integrates with 20+ HRIS platforms including Workday, providing seamless data synchronization and SSO capabilities for customers.
• Sequoia BenefitsminorGTM or Marketing PartnerBenefits advisory firm that partnered with Cocoon and recommended the solution to client companies.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Benefitfocus: Benefitfocus is a benefits administration platform that handles enrollment, eligibility, and leave-related benefits for employers — an adjacent incumbent offering overlapping employee benefits functionality with broader scope than Cocoon's leave-only focus.
• ReedGroup (a Guardian Life company): ReedGroup is a large incumbent leave management provider owned by Guardian Life, offering integrated absence management for enterprise employers — competing with Cocoon in the same compliance-driven category but at greater scale and with broader insurance product integration.
• Workday: Workday is a leading HCM platform used by enterprise HR teams that includes absence management capabilities integrated with payroll and benefits — representing both an integration partner (via Cocoon's Workday connector) and a competitive threat through bundled leave functionality.

Direct peers

• Matrix Absence Management: Matrix Absence Management is a longstanding leave management provider serving employers with FMLA, state leave, and ADA administration — a direct incumbent peer offering similar services with deeper market tenure but traditionally less modern software UX than Cocoon.
• AbsenceSoft: AbsenceSoft is a direct competitor offering leave and accommodation management software for HR teams, automating FMLA, ADA, and state leave compliance — directly overlapping with Cocoon's product functionality and SMB/mid-market customer segment.
• Mployer Advisor: Mployer Advisor provides FMLA and leave management services alongside compliance content and benchmarking tools for employers — overlapping with Cocoon's compliance automation and benchmarking data offerings.

Emerging players

• Deel: Deel is a global HR and payroll platform that handles onboarding, compliance, and benefits for distributed teams — adjacent to Cocoon's compliance-first positioning but expanding into broader HR workflows and increasingly into US-based employer services.
• HiBob: HiBob is a modern HRIS platform for SMB and mid-market companies offering time-off management and HR workflows — overlapping with Cocoon's employee leave functionality as part of a broader HR system, particularly for tech-forward employers.
• Rippling: Rippling is a fast-growing unified workforce management platform offering payroll, benefits, time tracking, and increasingly HR compliance features including leave — competing for the same SMB and mid-market HR tech buyer Cocoon targets with a broader product suite.

Others

• TriNet: TriNet is the PEO that acquired Cocoon in April 2026, offering HR, payroll, benefits, and risk management to SMBs — now Cocoon's parent company and primary distribution channel rather than a direct external competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors10 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