Cleo Raises $40M in Series C to Fuel Growth & Launch New Products for Working Families and Their Employers

31 Mar, 2021

Cleo Raises $40M in Series C to Fuel Growth & Launch New Products for Working Families and Their Employers
Photo by Kirill Sharkovski on Unsplash

– Cleo, the leading family benefits platform supporting working families in the planning stage through the teenage years, today announced a $40m Series C investment led by Transformation Capital, with participation from Glynn Capital, PruVen Capital and Gaingels and existing investors Greylock, NEA and Felicis.
– In conjunction with this round, Transformation Capital Managing Partner, Mike Dixon will join Cleo’s Board. This round brings Cleo’s total funding to $83m.
– Since its founding in 2016, Cleo has become the industry’s most complete and high-impact family benefits platform. Its products and services help a diverse set of more than 100 leading employers attract, retain, and drive better health outcomes for working parents in over 55 countries.

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