Press Release December 14, 2020

Cleo Raises $44 Million Series B

The London and Cambridge Technology team advised Cleo on the completion of its $44 Million Series B funding round which was led by EQT Ventures. Also participating were existing investors Balderton Capital, LocalGlobe and SBI.

Using simplicity and humour, Cleo's helped 4 million people improve their relationship with money. It’s a platform for the 99% — an AI assistant defining a new category, one that goes beyond saving and budgets to actually changing how people feel about their finances. Through chat, Cleo provides their users with deep insight about your money, while suggesting personalised financial products that increase their ability to save. All delivered through a jargon-free tone of voice.

The Goodwin team was led by Ali RamadanElla Donegan, and Adam Thatcher.

For additional details on the financing round, please read coverage in Tech Crunch.