
LeaveLogic
Technology company that delivers a parental leave management platform to fortune 1000 companies.
Date | Investors | Amount | Round |
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- | investor investor investor | €0.0 | round |
investor | €0.0 | round | |
N/A | Acquisition | ||
Total Funding | 000k |
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LeaveLogic, founded in 2013 by Anna Steffeney, provides a cloud-based platform designed to streamline the complexities of employee leave management for both employers and their staff. The company was established after its founder, a former Microsoft manager, experienced the significant disparity in parental leave policies between Europe and the United States firsthand after the births of her two children. This personal journey, combined with her background in finance and technology, fueled the creation of a solution to simplify and normalize the leave process in the American workplace.
The firm operates on a Software-as-a-Service (SaaS) business model, charging employers a monthly fee per employee to access its platform. This service targets HR departments by reducing administrative burdens and costs, potentially saving up to 71% per leave, while simultaneously empowering employees with a self-service tool. The platform consolidates federal, state, and company-specific policies into one accessible location, allowing employees to confidentially explore their options and create personalized leave plans before formally notifying their employer. This helps to demystify leave benefits related to maternity, paternity, medical, and other life events.
LeaveLogic's core product offers a suite of features including individualized timelines, to-do lists with key action items and reminders, and a dashboard for HR teams to gain insights into workforce leave trends. The system is designed to integrate with existing HRIS/HCM platforms like Workday and supports various leave administration models, whether they are managed in-house or by a third-party administrator. By educating employees on their available benefits, the tool aims to increase the utilization of these programs. The company gained early recognition, winning the WTIA Spring First Look Forum in 2015 and raising approximately $1.1 million in funding before its acquisition. In January 2018, LeaveLogic was acquired by Unum, a major employee benefits provider, to enhance Unum's absence management services with LeaveLogic's technology while allowing LeaveLogic to continue its operations and scale its solutions.
Keywords: leave management, parental leave, HR technology, employee benefits, absence management, SaaS, FMLA, compliance, leave planning, employee self-service, return to work, benefits administration, workforce analytics, Anna Steffeney, Unum, employee experience, benefits utilization, HR compliance software, maternity leave planning, paternity leave