The round was led by EQT Ventures, with participation from existing investors including Balderton, LocalGlobe and SBI.
The new round was announced in TechCrunch today. Balderton previously led Cleo's Series A.
Cleo first found success in 2016 as a digital assistant which aimed to make managing money fun and approachable for a young generation.
The company has since evolved into a trusted advisor for a generation by making a meaningful impact on user’s financial health.