New York, United States
Parento is a pioneering player in the United States tackling the critical issue of paid parental leave through a unique insurance product. Founded in 2019, the company operates at the intersection of Financial Services, Insurance, and Human Resources, offering a gender-neutral insurance solution to employers nationwide, tailored for firms with as few as 10 to as many as 10,000 employees.
The company addresses the financial burdens and logistical challenges faced by employers implementing paid parental leave policies. Parento's customizable products aim not only to ease cost and management concerns but also to bolster employee retention, diversity, and productivity by integrating emotional and parenting support directly into its product offering.
With its last investment, a $4.44M Seed Round on May 10, 2023, led by Human Ventures and Greenlight Reinsurance, Parento positions itself strategically to capitalize on the growing demand from a family-first workforce. Their solution is increasingly a must-have for companies looking to attract and maintain top talent, particularly working mothers.
