Cleo

Cleo

Provides support for working parents and caregivers

About Cleo

Simplify's Rating
Why Cleo is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

Consulting

Social Impact

Company Size

201-500

Company Stage

Series C

Total Funding

$80.9M

Headquarters

San Francisco, California

Founded

2016

Overview

Cleo provides support for working parents and caregivers by offering tailored programs that enhance employee benefits. The company partners with organizations to deliver resources related to parental leave, return-to-work strategies, and ongoing family care. Cleo's services aim to reduce stress and improve the well-being of working parents, which can lead to higher employee retention and productivity. For example, 92% of Cleo's members return to work after parental leave, significantly higher than the national average. Cleo generates revenue through subscription fees from employers who include its services in their benefits packages, which are justified by the positive outcomes such as lower cesarean birth rates and improved employee retention. The company is supported by notable investors and an advisory board of experts, reinforcing its mission to transform the experience of working families into a competitive advantage.

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Simplify's Take

What believers are saying

  • Cleo's AI integration enhances personalized family care plans, boosting customer satisfaction.
  • The rise of telehealth services allows Cleo to expand virtual support offerings.
  • Cleo's focus on mental health aligns with increasing workplace mental health awareness.

What critics are saying

  • Emerging platforms offering similar services at lower costs threaten Cleo's market share.
  • Economic downturns may lead to budget cuts in employee benefits, affecting Cleo's revenue.
  • Potential regulatory changes in data privacy laws could complicate Cleo's data-driven approach.

What makes Cleo unique

  • Cleo offers a comprehensive family support system from fertility to age five.
  • Cleo's Family Health Index proactively identifies employees at risk of burnout.
  • Cleo partners with companies like eBay and LinkedIn for strategic culture transformation.

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Funding

Total Funding

$80.9M

Below

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$40M
Cleo
$50M
Medium
$62M
SeatGeek
$100M
Oura

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Holidays

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Parental Leave

401(k) Retirement Plan

Disability Insurance

Life Insurance

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

0%
PR Newswire
Apr 7th, 2025
More Than Half Of The "Sandwich Generation" Are At High Risk Of Burnout With 64% Of Them Screening Positive For Depression And Anxiety - Cleo 2Nd Annual Family Health Index

New Findings from 12,500 Assessments Completed by Working Caregivers Reveal that Critical Health Needs Go Largely Unaddressed by Employers and Payers, Contributing to Rising Healthcare CostsSAN FRANCISCO, April 7, 2025 /PRNewswire/ -- Cleo, a global family care platform, today released its 2nd annual report on the Family Health IndexTM (FHI), the only real-time, multidimensional risk assessment tool that proactively identifies employees and members at higher risk of burnout and in need of intervention. Findings from 12,500+ assessments reveal statistically significant rates of burnout and mental health strain surrounding caregivers in employer populations in U.S.-based multinational companies. Recognizing the hidden impact to the health and well-being of family caregivers, which contribute to rising healthcare costs, Cleo's FHI assesses each member's needs, provides evidence-based interventions and expert support, and tracks the impact through the reassessment process. Insights revealed that more than half of the "Sandwich Generation" — 64% of those caring for children and parents — screened positive for depression and anxiety

MedCity News
Mar 4th, 2025
Sonder Health Plans Taps Cleo for Care Coordination & Family Caregiving Support

Sonder Health Plans, a Georgia-based health plan provider, is partnering with family caregiving company Cleo to support Medicare Advantage members, the companies shared with MedCity News exclusively.

PRWeb
Jul 23rd, 2024
Cleo'S Family Health Index™ Achieves Validation From Validation Institute, Enabling Employers To Better Measure The Impact Of Offering Parenting Caregiving Benefits

"Our data shows that Cleo's interventions and employee support leads to happier, healthier, more productive workplaces, as observed by our customers." — Madhavi Vemireddy, CEO, Cleo

PR Newswire
Mar 14th, 2024
Midi Health And Cleo Join Forces To Provide Enhanced Care And Support For Women Navigating Midlife Hormonal Change

Partnership with leading family care platform expands Midi Health's rapid growth in the employer space; now available in all 50 statesLOS ALTOS, Calif., March 14, 2024 /PRNewswire/ -- Midi Health , a leading virtual care clinic delivering expert medical care for women navigating perimenopause and menopause, today continued its rapid growth in the employer space by announcing a partnership with Cleo , the only global end-to-end caregiving platform that supports employees through every stage and phase of life.Midi is the first and only perimenopause and menopause care provider to work with Cleo, whose reach extends to approximately 3.5 million people worldwide.CleoThe combination of Midi's expert medical care with Cleo's caregiver support services allows employers to give members individualized guidance and connect them efficiently to the care they need. During perimenopause or menopause, women may go to as many as five different doctors seeking solutions to seemingly disparate concerns. Multiple tests and unnecessary medications (including antidepressants and sleep aids) may be prescribed for what are actually easily treated perimenopause or menopause symptoms. Cleo's Guides will work with members to evaluate and provide coaching support for their self care needs, and will refer to Midi for expert perimenopause or menopause care when appropriate.Madhavi Vemireddy, CEO of Cleo, explains the benefits of the Cleo-Midi collaboration through this anecdote:"Imagine a 48-year-old woman who is a senior leader in a large organization, who happens to be in the Sandwich Generation, caring for both her aging father and two teenage children. With ambitious business goals to meet, her productivity is dipping. She struggles with poor sleep, unexplained anxiety, sudden weight gain, and brain fog that sometimes makes it difficult to remember colleagues' names," Vemireddy explains

PRWeb
Sep 12th, 2023
Cleo Unveils Global Launch Of Evidence-Based Support Plans, Real-Time Family Health Reports And Personalized Self-Care To Revolutionize Caregiving Experience

"This outcomes-focused framework not only provides the tools for better caregiving, but also tracking and measuring impact on key outcome areas for employers.". .

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