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Parento

Provider for paid parental leave

Parento logo
1-20 employees
  • B2B
  • HR
  • Insurance
Civic Center, New York, NY

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Company mission

To alleviate the pain points of parental leave for an improved employee experience.

Our take

In the US, the lack of a federal paid family leave program has meant that companies bear the responsibility and financial cost of offering their employees paid time off for parenting. Often, this means that companies focus on the bottom line rather than the long-term advantages of a solid paid leave policy. Parento provides companies and employees with a paid parental leave insurance program that makes the process affordable and easy for both sides.

Parento’s program covers and mitigates the challenges of parental leave’s financial cost, risk, and management, focusing on helping HR, payroll, and finance teams at client companies. The target audience for Parento is Gen Z and Millenials, who are facing lower wages, a cost of living crisis, and a transformation in the everyday work environment.

With its target audience in mind, Parento has been savvy in focusing on the mental wellness of parents, offering unlimited one-on-one coaching for new parents to navigate career and personal transitions. This helps it to stand out from larger insurance package providers that include parental leave in their wider offerings. As it stands, Parento is the only US company that focuses solely on paternity and maternity programs.

Steph headshot

Steph

Company Specialist at Welcome to the Jungle

Benefits

  • Bureaucratic-free environment that encourages autonomy and creative experimentation
  • 100% remote, family friendly workplace
  • PTO and Paid Holidays
  • Medical, dental and vision plan

Funding (2 rounds)

May 2023

$4.4m

EARLY VC

Jan 2020

$0.1m

SEED

Total funding: $4.5m

Leadership

Dirk Doebler

(CEO)

Previously CFO at Dame Products, Automated Traceability Program Manager at Sikorsky Aircraft, Global Research Analyst at Barclays Capital, Equity Research Assistant at Telsey Advisory Group.