Cleo AI
Latest round
- Series C
Last raised
- Apr 2022
Total raised
- $113M
Investors
- 6
About Cleo AI
Cleo AI Ltd.Cleo AI Ltd. was founded in 2016 in Cheshire, UK, and specializes in offering a unique financial assistant that helps users navigate their financial lives. Barnaby Hussey-Yeo serves as both the founder and CEO, guiding the company through its strategic direction.Cleo AI's primary offering is its innovative financial assistant, designed to empower users to manage their financial lives effectively. The core functionalities of Cleo include budget tracking, spending insights, and personalized financial coaching that adapts to individual users' goals and circumstances. The service provides hyper-personalized advice by leveraging AI technology to analyze users' income, expenses, and financial behaviors, thus helping them make informed decisions regarding savings, debt repayment, and future planning. Cleo's user-friendly interface and real-time feedback aim to assist a diverse customer base, ranging from young professionals to families, primarily in the United States and the United Kingdom.Cleo generates revenue through a subscription-based model that offers users access to premium features and enhanced financial coaching services.30. The typical transaction structure involves individual customers subscribing to Cleo's services for a monthly fee, granting them access to advanced budgeting tools, spending trackers, and tailored advice. This direct-to-consumer approach allows Cleo to build strong relationships with its users, enhancing customer loyalty and retention. Additionally, partnerships with financial institutions and retailers may provide additional revenue streams through referral programs or co-branded services.10 mn, the company plans to utilize this capital to expand its services and increase headcount. Cleo AI intends to introduce new products aimed at enhancing user experience and financial management capabilities. The company is also targeting expansion into new markets, specifically in Europe and North America, with plans to roll out these initiatives by the end of 2023.
Who invested in Cleo AI
6 investors across 4 rounds
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Questions about Cleo AI
Who invested in Cleo AI?
Cleo AI has 6 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Cleo AI raised?
Cleo AI has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Cleo AI last raise money?
Cleo AI's most recent round on record is a Series C, in Apr 2022.
What does Cleo AI do?
Cleo AI is a software company.
Where is Cleo AI headquartered?
Cleo AI is headquartered in Cheshire, UK.
Which VCs invest in companies like Cleo AI?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Marktlink Capital back software companies at Cleo AI's stage. Their profiles are linked below.
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