Cleo
The world's first AI financial assistant
London, United Kingdom · Founded 2016 · $218.4M raised
- 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, New Enterprise Associates and Balderton Capital.
Tech & App Stack
11 technologies & apps tracked
Every product and vendor across these categories, with where each signal came from.
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Funding History
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Jun 2022
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Angel through Series C — per-round amounts, valuations, and who invested in each round.
Investors
Greylock Partners
3 rounds
New Enterprise Associates
2 rounds
Balderton Capital
2 rounds
Sofina
1 round
Transformation Capital
1 round
EQT Ventures
1 round
LocalGlobe
1 round
Felicis Ventures
4 rounds
Forerunner Ventures
3 rounds
Niklas Zennström
2 rounds
Glynn Capital
1 round
Pruven Capital
1 round
Gaingels
1 round
Alex Chesterman
1 round
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