The round was led by ResilienceVC with participation from Kapor Capital, Bread & Butter Ventures, Operator Stack, Coyote Ventures, ffVC, Human Ventures, Springbank, Precursor, Cross Impact, K Street, Evidenced, and Avesta. This latest funding brings Parento’s total capital raised to $10.3 million.

Founded in 2019, Parento enables employers to offer parental leave policies ranging from 6 to 16 weeks with 100% pay. Its offering is designed to complement state benefit programs, Paid Family Leave (where applicable), and private short-term disability policies.

“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,” said Dirk Doebler, founder and CEO of Parento. “Parento makes paid parental leave affordable and attainable for every company, regardless of size or budget.”

Investors cited Parento’s role in addressing systemic gaps in the U.S. benefits system. “Parento aligns exceptionally well with our thesis of investing in innovative companies that close gaps of access, opportunity, and outcomes for underserved communities,” said Brandon Boros, venture partner at Kapor Capital.

ResilienceVC co-founder and managing partner Tahira Dosani added: “Parento’s inclusive approach to parental leave, combined with their proven ability to make these benefits accessible to businesses of all sizes, aligns perfectly with our mission to build financial resilience for all Americans.”

Parento plans to use the funding to expand its offerings and further democratize access to comprehensive paid parental leave across industries.