Parenting Benefits Company Cleo Closes $28 Million Series B

Palo Alto – March 28, 2019 – Cooley advised parenting benefits company Cleo on its $27.5 million Series B financing. Partners Josh Seidenfeld and Matthew Bartus, co-chair of Cooley’s global emerging companies practice, led the team advising Cleo.

New Enterprise Associates led the round, which included personal investments from executives such as former Yahoo CEO Marissa Mayer, LinkedIn CEO Jeff Weiner, Levi Strauss & Co. CEO Chip Bergh, Box CEO Aaron Levie and former General Electric CEO Jeff Immelt.

Cleo helps families navigate pregnancy and parenthood. Employers choose Cleo as a strategic partner to power culture transformation, increase employee retention, cultivate more diverse and inclusive workplaces and reduce health claims.

Cooley, which offers Cleo as a benefit to its employees, has advised the company on all of its funding rounds to date, including its Series A and seed financings.

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