Cleo Overview

  • Year Founded
  • 2016

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 120

Employees

  • Latest Deal Type
  • M&A

Cleo General Information

Description

Developer of a holistic family benefits platform designed for employee wellness and healthcare cost containment. The company's platform integrates a global network of certified care practitioners with an artificial intelligence-driven analytical suite to provide personalized coaching and concierge services, enabling enterprise employers and health plans to improve employee retention and mental health outcomes while reducing overall medical spend.

Contact Information

Website
www.hicleo.com
Formerly Known As
Lucy, Instacare Group
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 548 Market Street
  • PMB 46800
  • San Francisco, CA 94104-5401
  • United States
+1 (415)
Primary Industry
Other Healthcare Technology Systems
Parent Company
Wellthy (Clinics/Outpatient Services)
Vertical(s)
LOHAS & Wellness, Digital Health, Artificial Intelligence & Machine Learning, HealthTech
Corporate Office
  • 548 Market Street
  • PMB 46800
  • San Francisco, CA 94104-5401
  • United States
+1 (415)

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Cleo Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Merger/Acquisition 14-Sep-2026 Completed Generating Revenue
6. Later Stage VC (Series C) 14-Apr-2025 Completed Generating Revenue
5. Secondary Transaction - Private Completed Generating Revenue
4. Later Stage VC (Series C) 30-Mar-2021 Completed Generating Revenue
3. Early Stage VC (Series B) 03-Dec-2020 Completed Generating Revenue
2. Early Stage VC (Series A) 13-Jun-2018 $10.5M $12.8M Completed Generating Revenue
1. Seed Round 02-Mar-2017 $2.25M $2.25M Completed Startup
To view Cleo’s complete valuation and funding history, request access »

Cleo Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series C
Series B
Series A 6,514,786 $0.000100 $1.69 $1.69 $1.69 19.34%
Seed 3,015,360 $0.000100 $0.81 $0.81 $0.81 8.95%
To view Cleo’s complete cap table history, request access »

Cleo Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a holistic family benefits platform designed for employee wellness and healthcare cost containment. The com
Other Healthcare Technology Systems
San Francisco, CA
120 As of 2026

Westborough, MA
 

New York, NY
 
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Cleo Competitors (6)

One of Cleo’s 6 competitors is Ovia Health, a Venture Capital-Backed company based in Westborough, MA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Ovia Health Venture Capital-Backed Westborough, MA
Maven Clinic Venture Capital-Backed New York, NY
Tata 1mg Venture Capital-Backed Gurugram, India
Progyny Formerly VC-backed New York, NY
Aetna Corporate Backed or Acquired Hartford, CT
To view Cleo’s complete competitors history, request access »

Cleo Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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Cleo Former Investors (25)

Investor Name Investor Type Holding Investor Since Participating Rounds
Angel (individual) Minority
Angel (individual) Minority
Angel (individual) Minority
Crossover VC Venture Capital Minority
Dust Road Ventures Venture Capital Minority
You’re viewing 5 of 25 investors. Get the full list »

Cleo Acquisitions (1)

Cleo’s most recent deal was a Merger/Acquisition with CareTribe. The deal was made on 23-May-2022.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
CareTribe 23-May-2022 Merger/Acquisition Other Healthcare Technology Systems
To view Cleo’s complete acquisitions history, request access »

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Cleo FAQs

  • When was Cleo founded?

    Cleo was founded in 2016.

  • Where is Cleo headquartered?

    Cleo is headquartered in San Francisco, CA.

  • What is the size of Cleo?

    Cleo has 120 total employees.

  • What industry is Cleo in?

    Cleo’s primary industry is Other Healthcare Technology Systems.

  • Is Cleo a private or public company?

    Cleo is a Private company.

  • What is Cleo’s current revenue?

    The current revenue for Cleo is .

  • How much funding has Cleo raised over time?

    Cleo has raised $84M.

  • Who are Cleo’s investors?

    , , , Crossover VC, and Dust Road Ventures are 5 of 25 investors who have invested in Cleo.

  • Who are Cleo’s competitors?

    Ovia Health, Maven Clinic, Tata 1mg, Progyny, and Aetna are some of the 6 competitors of Cleo.

  • When was Cleo acquired?

    Cleo was acquired on 14-Sep-2026.

  • Who acquired Cleo?

    Cleo was acquired by Wellthy (Clinics/Outpatient Services).

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