“Can a single insurance-backed product replace the patchwork of STD, state PFL, and self-funded parental leave for US employers?”
Parento was founded in 2019 as the first US insurance product built specifically to fund employer paid parental leave, differentiating from short-term disability or state PFL programs. It has since layered on Leave Concierge (leave/claims management) and a Parent Experience coaching program, positioning itself as a three-in-one bundle for employers rather than a pure insurance carrier. Claims are administered by third-party Davies rather than in-house.
Parento is founded in 2019 and headquartered in New York, New York, United States.
Parento has raised $10.4M in total.
Get a read on where your own stack stands against Parento and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.