Cleo’s $80 Million Series C Financing Round

In UK Goodwin Procter, advised on the matter.

Goodwin Procter advised Cleo with a team including Ali Ramadan (Picture – IP&IT).

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;

Author: Giulia Di Palma