About Cleo
Cleo is a company based in San Francisco (United States) founded in 2016. It operates as a Managed Services and HealthTech. Cleo has raised $86.92 million across 5 funding rounds from investors including Transformation Capital, Glynn Capital and Pruven. Cleo has completed 1 acquisition, including CareTribe. Cleo offers products and services including Cleo Care Platform. Cleo operates in a competitive market with competitors including Ovia Health, Cobee, Stork Club, Conferma Pay and Betterleave, among others.
- Headquarter San Francisco, United States
- SectorsTechnologyHealthcare
- Email••••••••
- Website hicleo.com
- Social LinkedIn X Facebook Instagram
- Legal Name Cleo Labs, Inc.
- Total Equity Funding$86.92M (USD)
in 5 rounds
- Latest Funding Round$40M (USD), Series C
Mar 2021
- InvestorsTransformation Capital
& 11 more
- Investments & Acquisitions
Products & Services of Cleo
Cleo offers a comprehensive portfolio of products and services, including Cleo Care Platform.
A platform for family caregiving support is provided.
Apps and channels of Cleo
Cleo publishes 2 mobile apps with over 10K+ downloads.
Funding Insights of Cleo
Cleo has successfully raised a total of $86.92M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $86.92M
- Total Rounds 5
- Last Round Series C — $40M
- First Round $2.44M
(Nov 2016)
- Investors Count 12
All 5 funding rounds of Cleo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2021 | $40M | Series C | – | Transformation Capital | |
| Dec 2020 | $31.22M | Series B | – | New Enterprise Associates | |
| Nov 2017 | $11.01M | Series A | – | Greylock | |
| Mar 2017 | $2.25M | Seed | – | – | |
| Nov 2016 | $2.44M | Seed | – | Felicis Ventures, Forerunner Ventures | – |
12 investors in total: 8 institutional and 4 angel.
Investors in Cleo
Cleo has secured backing from 12 investors, including venture fund and angel investors. Prominent investors backing the company include Transformation Capital, Glynn Capital and Pruven.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Healthcare startups are funded by this venture capital firm. | – | transformcap.com | Boston, United States | |
Investments are directed toward early and late-stage tech companies. | – | glynncapital.com | Menlo Park, United States | |
Pruven is engaged in venture capital investments for startups. | – | pruvencap.com | - | |
Venture capital investing with a focus on diversity and inclusion in the ecosystem. | – | gaingels.com | - | |
Venture capital firm specializing in early-stage tech investments and founder support. | 1965 | greylock.com | - | |
Investments in technology startups are made by Felicis Ventures. | – | felicis.com | Menlo Park, United States | |
Venture capital investments are offered to startups by NEA. | – | nea.com | Menlo Park, United States | |
Early-stage investments are directed toward tech startups by Forerunner Ventures. | – | forerunnerventures.com | San Francisco, United States | |
JI Jeff Immelt | - | – | unknown_b5af0e4bc1ea44408 | - |
MM Marissa Mayer | Former Yahoo CEO, Google executive, active angel investor in tech startups. | – | unknown_be035d902b16404bb | - |
Investor details for Cleo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Cleo
21 people are tracked at Cleo (11 in leadership, 8 in board & advisors, 2 in team).
| Name | Role | Group |
|---|---|---|
Madhavi Vemireddy | CEO | Leadership |
Chris Hamblin | Chief Economics Officer | Leadership |
Kyle Booysens | Director Of Strategic Finance | Leadership |
Andy Murray | Director Of Finance | Leadership |
Louise Burt | Head Of Finance Operations | Leadership |
Dan McKavanagh | Chief Of Staff | Leadership |
Chung I. | Chief Financial Officer | Leadership |
Anthony Keusters | Director | Leadership |
Neela Kiely | Head Of Legal And Compliance | Leadership |
Chitra Akileswaran | Co-Founder & Chief Medical Officer | Leadership |
Rahul Jain | Director Of Credit Strategy | Leadership |
Sarah Guo | Board Member | Board & advisors |
Mike Dixon | Director | Board & advisors |
Pamela J. Simms-Mackey | Clinical Advisory Board Member | Board & advisors |
Monica McLemore | Clinical Advisory Board Member | Board & advisors |
Adimika Arthur | Clinical Advisory Board Member | Board & advisors |
Seth Bokser | Clinical Advisory Board Member | Board & advisors |
Karin Ajmani | Director | Board & advisors |
Vanessa Larco | Director | Board & advisors |
Aditya Pawar | Senior Credit Risk Analyst | Team |
1 more people are available in the full profile.
Complete people profiles for Cleo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Cleo
Cleo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include CareTribe.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Online health platform for individuals and businesses is operated. | caretribe.com | Palo Alto, United States | 2018 | May 2022 | •••• |
Complete acquisition details for Cleo
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Cleo
4 dated milestones of Cleo across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Cleo is founded.
- Funding First funding round of $2.4M.
- Funding Latest funding round, Series C, of $40.0M.
- Acquisition Acquires CareTribe.
Competitors of Cleo
Cleo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ovia Health, Cobee, Stork Club, Conferma Pay and Betterleave, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| oviahealth.com | 2012 | Boston, United States | $29.23M | 80 | Mobile applications for women's and family health are provided. | |
| cobee.io | 2018 | Madrid, Spain | $60.21M | – | Employee financial benefits are managed via a cloud-based platform. | |
| joinstorkclub.com | 2017 | San Francisco, United States | $32.7M | 15 | SaaS based online family benefits platform for self-insured employees and individual | |
| confermapay.com | 2005 | Manchester, United Kingdom | – | 81 | Virtual payments and employee benefits platform is offered for enterprises. | |
| betterleave.com | 2022 | Austin, United States | $2.4M | – | Cloud-based platform for employee caregiving benefits and grief support. | |
| allcare.ph | 2018 | Metro Manila, Philippines | – | – | Perks and benefits for freelancers are provided by AllCare. | |
| tri-ad.com | 1974 | Escondido, United States | – | 103 | Provides health benefits administration, retirement plans, and reimbursement services to employers. |
Detailed competitors of Cleo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Cleo
The website of Cleo (hicleo.com) receives about 14.6K visits a month.
- Monthly visits14.6K
▲ 4.1% vs previous month
Websites whose visitors overlap most with Cleo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| meetcleo.com | 100% | 654.8K | #109,528 | View details | |
| cleohealth.io | 85% | 4.1K | #3,604,393 | View details | |
| cleo.com | 82% | 106.1K | #470,623 | View details |
Latest news on Cleo
Complete news archive for Cleo
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Cleo
10 companies that operate in the same segment as Cleo (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | – | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, United States | USD 235.41 M | USD 4.95 M | 260 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 20,400 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Cloud-based HRMS software is offered for small and medium-sized businesses. | 2016 | Barcelona, Catalonia, Spain | USD 369.25 M | – | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Cleo
Cleo was founded in 2016.
Cleo is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Madhavi Vemireddy is the current CEO of Cleo.
Cleo is a funded company, having raised a total of $86.92M across 5 funding rounds to date. The company's 1st funding round was a Seed of $2.44M, raised on Nov 2016.
A human-guided care platform is provided by Cleo for working parents and caregivers worldwide. Support is extended across various life stages, addressing child care, elder care, and mental health needs. Services are delivered through personalized 1:1 guidance, on-demand resources, and concierge assistance. Solutions are tailored for employers, health plans, and government programs, focusing on cost-saving outcomes and improved health metrics. Coverage is ensured in over 70 countries with culturally relevant care teams.
Cleo's top competitors include Ovia Health, Cobee and Stork Club.
Cleo offers Cleo Care Platform.
Cleo has made 1 acquisition, including CareTribe.
Cleo has 12 investors. Key investors include Transformation Capital, Glynn Capital, Pruven, Gaingels, and Greylock Partners.
Cleo operates through Cleo Labs, Inc..
Yes. Cleo publishes Cleo for Families and 1 more app, with over 10,000 downloads.