Wellthy acquires Cleo

● STRATEGIC | HR/PAYROLL · Employee Wellbeing

SEPTEMBER 14, 2026

Wellthy acquires Cleo

TARGET

Employer-sponsored family benefits platform guiding employees through family planning, pregnancy, parenting, and eldercare via certified guides and a mobile app, sold to large enterprises and health plans globally.

Ownership	VC-backed · Transformation Capital, Greylock Partners, New Enterprise Associates, Felicis Ventures, Glynn Capital, PruVen Capital, Gaingels +2 more
Capital raised	$83M
Headcount	~120 FTEs
Headquarters	San Francisco, California
Leadership	Madhavi Vemireddy, CEO
Sell-side advisor	—

ACQUIRER

Wellthy

Care concierge and backup care platform helping employers and health plans support working families through complex caregiving, eldercare, and end-of-life navigation.

Ownership	VC-backed · Rethink Impact, Eldridge, Hearst, Cercano Management, Citi Impact Fund, Stardust Equity +1 more
Capital raised	~$80M
Headcount	~300 FTEs
Headquarters	New York, New York
Leadership	Lindsay Jurist-Rosner, co-founder and CEO
Buy-side advisor	—

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Wellthy -> Cleo  (2026-09-18)
strategic_acquisition | HR/Payroll | announced
Target: Employer-sponsored family benefits platform guiding employees through family planning, pregnancy, parenting, and eldercare via certified guides and a mobile app, sold to large enterprises and health plans globally.
Website: hicleo.com | Buyer site: wellthy.com
HQ: San Francisco, California | Ownership: vc-backed | Buyer ownership: vc-backed
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/wellthy-cleo.html

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