Cleo, the leading family benefits platform supporting working families in the planning stage through the teenage years, today announced a $40 million Series C investment led by Transformation Capital, with participation from Glynn Capital, PruVen Capital and Gaingels and existing investors Greylock, NEA and Felicis. In conjunction with this round, Transformation Capital Managing Partner, Mike Dixon will join Cleo's Board. This round brings Cleo's total funding to $83 million.

Cleo is the leading family benefits platform reinventing how forward-thinking employers support families, control costs and attrition and build inclusive cultures. From fertility to parenthood and beyond, Cleo families are happier, healthier, and more engaged as they balance their roles at home and work, supported by proactive, expert guidance for every stage.

Cleo partners with top employers like Pinterest, PepsiCo, Box, and The Learning Care Group that actively seek to transform company culture surrounding employee retention, diversity and inclusion, and population health.