Key Highlights
- Juno raises $8.5M Series A led by Spero Ventures.
- Total capital raised reaches $12.5 million.
- Funding to expand client base and broker network.
- Provides up to $1 million in tax-free cash for families.
- Personalized guidance and support services included.
Source: Business Wire
Notable Quotes
- “For more than half a century, employers in the U.S. have offered disability insurance as a standard employee benefit, but until now, employees have struggled in silence if their child becomes severely disabled. We are so excited to partner with leading employers and brokers to finally fill this gap and provide life-changing, long-term financial support for working parents.” — Jordan Epstein, CEO and Co-founder at Juno
- “Juno is the pioneer of child disability insurance in the U.S., and we are proud to help establish this new core benefit category. We have always focused on supporting mission-driven companies like Juno, whose products improve the bottom line for businesses while making an impact for ordinary people and society at large.” — Stephen Wemple, Partner at Spero Ventures
SoHC's Take
Juno’s recent $8.5 million Series A funding marks a significant milestone in the evolution of employee benefits in the United States. By addressing the crucial gap in financial support for families with severely disabled children, Juno is setting a new standard for employer-sponsored benefits. This investment will not only allow Juno to expand its reach and improve product flexibility but also signifies a growing recognition of the importance of comprehensive support systems for working parents. As more companies adopt this benefit, we can expect to see a positive impact on employee satisfaction and retention, alongside profound benefits for families in need.
