Cleo’s $80 Million Series C Financing Round

Goodwin Procter advised Cleo on the deal.

Cleo announced its $80 million series C financing round. The round was led by Sofina, a Euronext Brussels-listed investor.

Cleo is a AI-powered financial assistant designed for Gen-Z that is on a mission to help millions of people improve their financial health. The company was founded by Barney Hussey-Yeo in 2016 and its existing investors include Balderton Capital, LocalGlobe, EQT Ventures and SBI. The new financing round will be used to expand its services and operations in the US.

The Goodwin team was led by Ali Ramadan (Picture), Adam Thatcher, Abdul Khan and Sonja Jounus.

Involved fees earner: Abdul Khan – Goodwin Procter; Ali Ramadan – Goodwin Procter; Adam Thatcher – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: Cleo;

Martina Bellini

Author: Martina Bellini