Paid leave provider Parento secures $5.9m seed funding

September 9, 2025

Parento, a US-based provider of parental leave insurance and support services, has raised $5.9m in a Seed II funding round to expand its offering to businesses of all sizes.

The oversubscribed round was led by ResilienceVC, with contributions from Kapor Capital, Bread & Butter Ventures, Operator Stack, Coyote Ventures, ffVC, Human Ventures, Springbank, Precursor, Cross Impact, K Street, Evidenced, and Avesta.

The latest capital injection brings Parento’s total fundraising to $10.3m since its founding.

Parento claims to be the only company currently offering comprehensive paid parental leave insurance alongside employee support services. Its three-in-one model combines insurance coverage, leave management and one-to-one parent coaching, designed to make paid leave more accessible to small and mid-sized companies.

The firm intends to use the new funding to expand its product development, sales and marketing teams. It also plans to roll out new insurance products and expand internationally, with recent partnerships signalling its first step into Canada.

Parento’s services have shown measurable results, with 95% of parents returning to work after leave compared to around 60–65% for self-funded programmes. The firm also reports that 46% of its claims are filed by men, compared to a national average where only a small percentage of men take more than two weeks of leave, highlighting the platform’s inclusive approach.

Parento founder and CEO Dirk Doebler said, “Parenthood is not gendered, and paid parental leave is not just for Silicon Valley or STEM, but for every workplace interested in employee wellness, talent acquisition, and retention.

“As demand grows and the definition of family evolves to match reality, there’s a systemic need for a true solution. Parento makes paid parental leave affordable and attainable for every company, regardless of size or budget.”

Kapor Capital venture partner Brandon Boros said, “Parento aligns exceptionally well with our thesis of investing in innovative companies that close gaps of access, opportunity, and outcomes for underserved communities by tackling a critical shortfall in the U.S. benefits system, especially for businesses that traditionally lack the resources to offer paid family leave.

“Their model turns an unpredictable business expense into manageable monthly costs while delivering comprehensive support that helps companies attract and retain talented parents.”