About Cleo
Cleo is a company based in Rockford (United States) founded in 2012 was acquired by Globe Equity Partners in April 2012. It operates as a SaaS (Software-as-a-Service), and Managed Services. Cleo has raised $83.5 million across 5 funding rounds from investors including Skype, Saratoga Investment and Balderton Capital. The company has 117 employees as of April 08, 2024. Cleo has completed 3 acquisitions, including DataTrans Solutions, ECS International and EXTOL. Cleo offers products and services including Cleo Integration Cloud, EDI/API Integration, and B2B Gateway. Cleo operates in a competitive market with competitors including Boomi, SPS Commerce, Software AG, Talend and Denodo, among others.
- Headquarter Rockford, United States
- Employees 117 as on 08 Apr, 2024
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Sectors
Technology
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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
- Date of Incorporation 08 May, 2015
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$5.15 M (USD)56.81as on Mar 31, 2023
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Net Profit
$570.32 K (USD)42.41as on Mar 31, 2023
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EBITDA
$955.33 K (USD)11.3as on Mar 31, 2023
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Total Equity Funding
$83.5 M (USD)
in 5 rounds
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Latest Funding Round
$80 M (USD), Unspecified
Jun 21, 2022
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Investors
Skype
& 8 more
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Employee Count
117
as on Apr 08, 2024
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Investments & Acquisitions
DataTrans Solutions
& 2 more
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Acquired by
Globe Equity Partners
(Apr 19, 2012)
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Products & Services of Cleo
Cleo offers a comprehensive portfolio of products and services, including Cleo Integration Cloud, EDI/API Integration, and B2B Gateway. 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.
End-to-end supply chain orchestration is provided by platform.
No-code automation for EDI and API is offered.
Data connectivity via AS/2, FTPS, SFTP is enabled.
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Funding Insights of Cleo
Cleo has successfully raised a total of $83.5M across 5 strategic funding rounds. The most recent funding activity was a Unspecified round of $80 million completed in June 2022. 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 Unspecified — $80.0M
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First Round
First Round
(16 May 2012)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Unspecified - Cleo | Valuation |
investors |
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| Jun, 2021 | Amount | Private Equity Round - Cleo | Valuation |
investors |
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| Sep, 2017 | Amount | Unspecified - Cleo | Valuation | Alchemist Accelerator |
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| 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 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Skype, Saratoga Investment and Balderton Capital. 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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Venture capital investments are provided by Sofina to emerging companies.
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Founded Year | Domain | Location | |
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Multistage venture capital investments are focused on technology sectors.
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Founded Year | Domain | Location | |
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Venture capital firm focused on seed-stage investments
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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 3 companies. Notable acquisitions include DataTrans Solutions, ECS International and EXTOL. 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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Provider of cloud-based EDI and e-commerce data integration and automation
|
2003 | ||||
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Electronic data exchange solutions are provided for cross-border commerce efficiency.
|
1999 | ||||
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B2B EDI integrator solution for IBM i systems
|
1989 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
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 Boomi, SPS Commerce, Software AG, Talend and Denodo, 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 |
Cloud-based API management and iPaaS solutions are delivered for integrations.
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| domain | founded_year | HQ Location |
Software suite solutions for retail supply chain are provided.
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| domain | founded_year | HQ Location |
Provider of data integration, application modernization, and digital transformation solutions
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| domain | founded_year | HQ Location |
Data management platform for integration, quality, and governance is provided.
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| domain | founded_year | HQ Location |
Enterprise data is integrated and managed through AI-powered software.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 2012.
Where is Cleo located?
Cleo is headquartered in Rockford, United States. It is registered at Rockford, Illinois, United States.
Is Cleo a funded company?
Cleo is a funded company, having raised a total of $83.5M across 5 funding rounds to date.
How many employees does Cleo have?
As of Apr 08, 2024, the latest employee count at Cleo is 117.
What is the annual revenue of Cleo?
Annual revenue of Cleo is $5.15M as on Mar 31, 2023.
What does Cleo do?
Cleo is engaged in delivering integration solutions for supply chains through its Cleo Integration Cloud platform. The company focuses on EDI and API automation, enabling no-code onboarding and end-to-end orchestration. Solutions are tailored for industries like logistics, manufacturing, retail, and healthcare. Support is provided for various use cases including order automation, procurement, and trading partner management. Flexible service models, including self-service and managed services, are offered to meet diverse business needs.
Who are the top competitors of Cleo?
Cleo's top competitors include Talend, SPS Commerce and Software AG.
What products or services does Cleo offer?
Cleo offers Cleo Integration Cloud, EDI/API Integration, and B2B Gateway.
How many acquisitions has Cleo made?
Cleo has made 3 acquisitions, including DataTrans Solutions, ECS International, and EXTOL.
Who are Cleo's investors?
Cleo has 9 investors. Key investors include Skype, Saratoga Investment, Balderton Capital, Peterson Partners, and Sofina.
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