What is Cleo?
Cleo Labs Inc. operates within the Individual & Family Services industry, employing between 101-250 individuals and generating revenue in the range of $50M-$100M. Headquartered in San Francisco, California, Cleo is positioned to leverage its recent capital infusion to further develop its offerings and expand its market reach within the competitive individual and family services sector.
How much funding has Cleo raised?
Cleo has raised a total of $95M across 3 funding rounds:
Series A
$11M
Series B
$44M
Series C
$40M
Series A (2018): $11M with participation from Greylock Federal Credit Union and Forerunner Ventures
Series B (2020): $44M led by EQT Group, SBI, and Balderton
Series C (2021): $40M supported by Gaingels LLC, GLYNN CAPITAL MANAGEMENT LLC, PruVen Capital, and Transformation Capital
Key Investors in Cleo
EQT Group
EQT Group is a global investment organization with a broad strategy encompassing private capital, infrastructure, real estate, growth equity, and venture capital. They focus on high-quality companies across various sectors, including technology and services, applying a value creation framework to support growth.
Balderton
Balderton Capital is a London-based venture capital firm specializing in early-stage, high-growth technology companies across Europe. They typically lead Seed and Series A rounds, providing support for founders through global scaleup and exit strategies.
Gaingels LLC
Gaingels LLC is an investment entity that participated in Cleo's Series C funding round. Further details on their specific investment focus are not publicly available.
What's next for Cleo?
The recent major strategic investment signifies Cleo's readiness to scale operations and potentially explore new market segments or product developments. This enterprise-level funding is likely to fuel strategic initiatives, including talent acquisition, technological advancements, and market expansion efforts. Cleo's trajectory suggests a focus on solidifying its position and potentially preparing for future growth phases or strategic partnerships.
See full Cleo company page
