Sparrow, a leader in employee leave management technology, has raised $35 million in a Series B funding round led by SLW, increasing its total investment to $64 million.
The company will use the funds to scale its innovative leave management technology and address related labor compliance issues. Sparrow’s comprehensive solution streamlines compliance for HR professionals, enhancing the experience for both HR and employees, while improving retention and engagement.
Customers like Eightfold AI have reported significant financial returns from their investment.
KEY QUOTES:
“Leave is complicated — and stressful. It touches so many aspects of the company — legal compliance, insurance, state agencies, payroll, HRBPs, managers, and employees. Everything is always changing, and no one has the data they need when they need it. Sparrow has centralized that data to truly make leave — and adjacent areas of legal compliance — stress-free for the thousands of caring companies who trust us to support their workforce.”
Sparrow CEO and Cofounder Deborah Hanus
“Through SHRM membership, our more than 325,000 members have access to live HR support at no additional cost. Every year, we receive over 60,000 calls, and for more than a decade, leave management has consistently been a leading concern for our members. It’s inspiring to see the meaningful impact Sparrow is making in this space. We look forward to supporting their continued success as they enter their next phase of growth.”
SHRM Chief Transformation Officer Andy Biladeau
“With a distributed workforce, keeping up with leave compliance is difficult. Having Sparrow to navigate labor laws and align with our policies has been invaluable.”
Sparrow customer, Aura’s Senior Director of Total Rewards and Operations, Angela Barker
“Sparrow pays for itself six or seven times over.”
Eightfold AI’s Vice President of People Operations Sonya Miller
“We are incredibly excited about Sparrow because they are addressing one of the most complex and underserved areas of HR by utilizing AI to automate the manual, error-prone tasks that companies and employees encounter today. By combining deep compliance expertise with intelligent automation, Sparrow is transforming a significant pain point into a streamlined, employee-centric experience. As the future of work demands more flexibility and support for employees, Sparrow is uniquely positioned to become the category leader in this essential part of the human capital management (HCM) stack.”
Matt Walsh, Managing Director at SLW
“My mantra is do good by doing good. When someone has a life event that requires them to take leave, great employers step up so that no one has to choose between work and the people they love. With Sparrow, a seamless leave experience brings employees back more loyal, more engaged, and eager to share just how supported they felt.”
Jeffrey Katzenberg, Cofounder and Managing Partner at WndrCo, which led Sparrow’s last funding round
