Press Release

Parenting Benefits Company Cleo Closes $28 Million Series B

March 28, 2019

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.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,000+ lawyers across 14 offices in the United States, China and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.