How much funding has Cleo raised?

Cleo has raised $218.4M in total funding, most recently a Series C round.

Who are Cleo's investors?

Cleo's investors include Greylock Partners, NEA, Balderton Capital, Sofina, Transformation Capital, EQT Ventures.

Where is Cleo headquartered?

Cleo is headquartered in London, United Kingdom.

What industry is Cleo in?

Cleo operates in Artificial Intelligence, Fintech.

Cleo

The world's first AI financial assistant

London, United Kingdom · Founded 2016 · $218.4M raised

Artificial Intelligence

Fintech

Headquarters: London
Employees: 201–500
Founded: 2016
Business Model: B2C

Website: web.meetcleo.com
Total Funding: $218.4M
Last Round: $80.0M Series CJun 2022
Rounds: 9

About

Cleo is the world's first AI financial assistant, designed to help people — particularly Gen Z and millennials — understand and manage their money with confidence. Founded in 2016 by Barney Hussey-Yeo, Cleo replaces confusing bank apps with a conversational AI interface that tracks spending, sets goals, provides cash advances, and builds healthier financial habits. As of late 2024, Cleo has surpassed $186 million in annualized run-rate revenue with 1.1 million paying subscribers, operating with a 500+ person team across London, New York, and San Francisco.

Summary

Cleo is an Artificial Intelligence company based in London, United Kingdom, founded in 2016. It has raised $218.4M in total across 9 rounds, most recently a $80.0M Series C round in Jun 2022. Investors include Greylock Partners, NEA and Balderton Capital.

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