As employers recognize the challenges of working parents and embrace the new era of family health, we’re happy to announce our $40 million Series C investment.
Despite our national dialogue hitting a fever pitch regarding working mothers and employers’ increasing focus on their working family population’s devastating outcomes, we have a long way to go to make sure that we support the unique and ever more urgent needs of families around the world. The statistics paint the picture of a working family population at a crisis point:
Since 2016, Cleo has been dedicated to creating a future where working families thrive—this work has never been more important, or material to our success as company leaders. That is why we’re so pleased to share that we’ve secured a Series C round of funding of $40M led by Transformation Capital with additional participation from Glynn Capital, PruVen Capital, and Gaingels and existing investors Greylock, NEA, and Felicis, that will allow us to accelerate our work to change the trajectory for these working families who are teetering on the edge.
For women, these setbacks are the very last straw, after hundreds of straws. It’s now time for companies to reimagine and rebuild for the reality that working mothers have been lacking the support, infrastructure, and safety net that is required to not only make them, but our entire economy, function, and grow. This isn’t a side project, or an option. It’s our collective responsibility.
Sarahjane Sacchetti, Cleo CEO
Before we share what’s next for Cleo, we want to thank our employer partners who are on this journey to build a better world for working parents with us.
Last year, in a time when working parents and the employers that support them were pushed to their limits, our customers took action to provide meaningful, essential support. Thanks to the commitment of customers like Salesforce, PepsiCo, Pinterest, and Schwan’s, our member population increased 8 times, vastly increasing our impact with our personalized, proactive guidance. Supporting parents is not exclusive to any one industry, location, type of workforce, or size of company which is why we’re proud to support diverse companies from accounting firms to tech companies all over the world.
Cleo is a partner for both our HR Team and our parents throughout this significant life experience.Mark Mooney, People & Place Team at Virta Health
This new milestone is just the beginning of hard work ahead. As we continue to see the lasting impact of the pandemic on working parents, and working moms in particular, we are relentlessly improving and tailoring our product to meet their needs. Working families are infinitely unique and our vision is to build a platform so personalized and so adaptable that every family feels individually and wholly supported through growing their family, navigating their own health, and thriving in their career.
Here’s what you’ll see from us in the next year and beyond:
Our mission remains as urgent and important as ever. As we look ahead to the new era of family support, we are called to work together with employers, health providers, policy makers, and parents to create a world where all working parents thrive.
My partner and I are literally in tears over here. The support of Cleo and our Guide has been amazing and I just love all the tips and content. We are thrilled to continue with Cleo Kids. The best gift!Parent member, Cleo Kids (and graduate of Cleo Baby!)
I loved being in the infertility support group and hearing from other women what they were going through. It helped me feel less alone and more hopeful.Erica, Cleo Considering member who is now expecting
Thank you so much for all the support! This has been hands-down the best employer benefit I have received.Mira F., Cleo Baby member