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
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Sectors
TechnologyHealthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Cleo Labs, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$86.92 M (USD)
in 5 rounds
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Latest Funding Round
$40 M (USD), Series C
Mar 30, 2021
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Investors
Transformation Capital
& 11 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Cleo
Cleo offers a comprehensive portfolio of products and services, including Cleo Care Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform for family caregiving support is provided.
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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 Total Funding
- Total Rounds 5
- Last Round Series C — $40.0M
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First Round
First Round
(29 Nov 2016)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series C - Cleo | Valuation | Transformation Capital | |
| Dec, 2020 | Amount | Series B - Cleo | Valuation | New Enterprise Associates | |
| Nov, 2017 | Amount | Series A - Cleo | Valuation | Greylock |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Healthcare startups are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Investments are directed toward early and late-stage tech companies.
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Founded Year | Domain | Location | |
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Pruven is engaged in venture capital investments for startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cleo
Cleo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include CareTribe. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online health platform for individuals and businesses is operated.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Cleo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cleo Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile applications for women's and family health are provided.
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| domain | founded_year | HQ Location |
Employee financial benefits are managed via a cloud-based platform.
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| domain | founded_year | HQ Location |
SaaS based online family benefits platform for self-insured employees and individual
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| domain | founded_year | HQ Location |
Virtual payments and employee benefits platform is offered for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based platform for employee caregiving benefits and grief support.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cleo
Frequently Asked Questions about Cleo
When was Cleo founded?
Cleo was founded in 2016.
Where is Cleo located?
Cleo is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Cleo?
Madhavi Vemireddy is the current CEO of Cleo.
Is Cleo a funded company?
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 Series A of $11.01M, raised on Nov 29, 2016.
What does Cleo do?
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.
Who are the top competitors of Cleo?
Cleo's top competitors include Ovia Health, Cobee and Stork Club.
What products or services does Cleo offer?
Cleo offers Cleo Care Platform.
How many acquisitions has Cleo made?
Cleo has made 1 acquisition, including CareTribe.
Who are Cleo's investors?
Cleo has 12 investors. Key investors include Transformation Capital, Glynn Capital, Pruven, Gaingels, and Greylock Partners.