Fundraising Fox

Cleo Capital

Venture capital

New York Β· Pre-Seed–Seed Β· 3 people tracked

Also known as CLEO CAPITAL MANAGEMENT COMPANY, LLC

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Investment thesis

Cleo Capital is a generalist early-stage venture fund that primarily backs Delaware C corporations building software companies with the potential to reach multi-billion-dollar scale. The firm concentrates on founders at the earliest stages and organizes its investing around three thesis areas: the future of income, complicated consumer, and decentralized enterprise. Typical first checks range from roughly $100K to $1M.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Seed
Check
$100K – $1M
HQ
New York, NY, US
Leads rounds
Follows
Instruments
Equity
Founded
2018
Private fund assets
$23.3M
VC funds
3
Tracked investments
68

Team Β· 3 people

from the firm's website & public directories
Matt PaukerΒ· General Partnerin𝕏

What they invest in

from 30 of 68 portfolio companies

AI & Machine Learning Γ—10SaaS Γ—10Fintech Γ—7Consumer Γ—6Enterprise Software Γ—5Climate Tech Γ—4Direct to Consumer Γ—4Hardware Γ—4

HQs:United StatesΓ—20ZambiaΓ—1

Investments Β· 68 tracked

founders shown can be your intro path
22franshares.com
Aptos Orbitalaptosorbital.comin

Aptos Orbital develops a hardware device that integrates computing, communications, and cloud connectivity for satellites and spacecraft in low Earth orbit.

AI & Machine LearningHardwareSpace TechMountain View, US

Archivearchiveresale.comin𝕏

Archive provides resale strategy, technology, and operations services to brands looking to build and scale their own resale businesses.

AI & Machine LearningCircular EconomyClimate TechE-commerceRetail TechSaaS

Emily Gittins(Cofounder)Ryan Rowe

Athena Securityathena-security.comin𝕏
AtoBatob.comin𝕏

AtoB provides fleet fuel cards that consolidate fuel, vehicle maintenance, repairs, tolls, and operational expenses for businesses operating private fleets, OTR carriers, or single-vehicle operations.

FintechLogistics & Supply ChainSaaSSan Francisco, US

Vignan Velivela(Founder and CEO)in

Auradineauradine.comin𝕏

Campbell, US

Fred Thiel(Director)Rajiv Khemani(Director)Navin Chaddha(Director)Said Ouissal(Director)Barun Kar(Executive Officer, Director)Sriram Viswanathan(Director)

Bizwisebizwise.com𝕏
Blocpower +Moreblocpower.io
Cameocameo.com
Collageriecollagerie.com
Contralinecontraline.com

BiotechCharlottesville, US

Kevin S Eisenfrats(Executive Officer, Director, Promoter)Iris Van Alderwerelt van Rosenburgh(Director)Martin J Emerson(Director)Gurdane Bhutani(Director)Tom Thorpe(Director)Michael King(Director)

Cryptosatcryptosat.io
Daffydaffy.com
Dispatch Goodsdispatchgoods.comin𝕏

Dispatch Goods operates a reverse logistics platform that enables businesses to implement reusable container systems and circularity in their operations.

Circular EconomyClimate TechE-commerceFoodTechLogistics & Supply ChainSan Francisco, US

Lindsey Hoell(Founder & CEO)

Earninearnin.com𝕏

EarnIn provides early wage access, allowing workers to access portions of earned pay before payday.

FintechLos Angeles, US

eeeasyexpunctions.com𝕏

Easy Expunctions provides an online software service that helps individuals clear, seal, or expunge their arrest and criminal records without hiring a lawyer, guiding them through the state filing process.

ConsumerLegalTechSaaS

Ellevest

Online platform helping women build and manage wealth through investing, financial planning, and wealth management services

evestellevest.comin

Ellevest is a women-founded, women-led SEC-registered investment advisor offering wealth management and financial planning services tailored to women and their families in the US.

FemTechFintechImpact & Social Good

FalconXfalconx.ioin𝕏

FalconX is a digital assets prime brokerage providing institutional clients with 24/7 access to liquidity and capital solutions through proprietary technology designed for risk management in volatile markets.

Crypto & Web3Fintech<UNKNOWN>, US

Raghu YarlagaddainAustin ReidinSuzy WaltherinBrian CristinVanessa ZhanginShekhar Kirani(Executive Officer, Director)

Fireside Chatfiresidechat.com
Flockjayflockjay.comin𝕏

Flockjay is a generative AI-powered sales enablement platform that unifies content management, learning, and coaching for sales teams.

AI & Machine LearningEnterprise SoftwareSaaSSales TechSan Francisco, US

Shaan Hathiramani(Founder)inBryant Lau(Head of Go-to-Market)Sandip Agrawal(Head of Product & Engineering)

Forethought Technologies, Inc.forethought.aiin𝕏

Forethought builds self-improving AI agents for customer service, now integrated into Zendesk's platform.

AI & Machine LearningEnterprise SoftwareSaaSSan Mateo, US

Deon Chris Nicholas(Founder)

Getplygetply.comin

Ply is an AI-powered inventory and purchasing platform for trade businesses such as HVAC, plumbing, electrical, and roofing companies.

AI & Machine LearningConstruction TechSaaS

Ghiadrinkghia.com
Glowbarglowbar.com

New York, US

Preston Phillips(Director)Brett Stohlton(Director)Rachel Liverman(Executive Officer, Director, Promoter)

Green Fernstackwealth.inin𝕏
Greenfield Roboticsgreenfieldincorporated.com
Groqgroq.comin𝕏

Groq designs and manufactures the LPU (Language Processing Unit), a chip purpose-built for AI inference, and operates GroqCloud, a platform for running inference workloads with low latency and cost efficiency across global data centers.

AI & Machine LearningCloud ComputingSemiconductors

Jonathan Ross(Founder & CEO)in

Hill Househillhousehome.com𝕏

Hill House Home designs and sells apparel and home products with a focus on timeless, comfortable styles.

ConsumerDirect to ConsumerE-commerceNew York City, US

Nell Diamond(Founder and CEO)Sabrina Mallick(Director)Kimmy Scotti(Director)

Hinoteapphinoteapp.com
Iconiciconic.co
Iyoiyo.dev
Join Ebyjoin-eby.com
KoBold Metalskoboldmetals.comin𝕏

KoBold Metals applies AI and scientific computing to mineral exploration for critical minerals including copper, cobalt, lithium, and nickel needed for electrification and the clean energy economy.

AI & Machine LearningCleantechDeep TechHardwareNew Materials<UNKNOWN>, ZM

Kurt House(Chief Executive Officer)Jeroen van der Hoek(Director)

BoardJosh Goldman(President)John Thompson(Director)Connie Chan(Director)Karl White(Director)

Levels Healthlevelshealth.com

Levels is a metabolic health platform that combines continuous glucose monitoring with nutritional tracking and personalized guidance to help users understand how diet and lifestyle choices affect their metabolism and overall health.

Digital HealthHealthtechWellness & Fitness

Lighterlighter.xyz𝕏

Lighter is a zero-knowledge rollup built on Ethereum that enables high-speed, low-cost onchain trading through cryptographic proofs of order matching and liquidations.

Crypto & Web3FintechCambridge, US

Vladimir Novakovski(Founder & CEO)Susan E Vitka(Director)Alexis Fox(Executive Officer, Director)Lisa Feria(Director)Micah Risk(Executive Officer)Ronald Pastore(Executive Officer, Director)

Live Tintedlivetinted.com𝕏

Live Tinted makes clean skincare and sun protection products with intentional shade ranges formulated for all skin tones.

ConsumerWellness & FitnessBeverly Hills, US

Deepica Mutyala(Executive Officer, Director)Neilesh Mutyala(Executive Officer, Director)

Lovewellnesslovewellness.com

Love Wellness makes clinically tested personal care and supplement products for women, including probiotics, vaginal washes, and bloating support formulas made without added sugar, fragrance, or parabens.

Direct to ConsumerFemTechWellness & Fitness

Luumlashluumlash.com

LUUM provides AI-powered lash extension services using robotic technology to apply lashes consistently and safely, staffed by lash artists.

ConsumerHealthtech

Master Classmasterclass.com
Millmill.com

Mill makes an electric food waste recycler for homes that reduces food scraps by 80% and converts them into nutrient-rich grounds for gardens or farms.

Climate TechConsumerHardware

Matt Rogers(Founder & CEO)

Modern Treasurymoderntreasury.comin𝕏

Modern Treasury provides a payments infrastructure platform that enables businesses to move and track money across fiat and stablecoin rails through a single API.

Crypto & Web3Enterprise SoftwareFintechSaaSSan Francisco, US

Matt Marcus(Co-Founder & CEO)inDimitri Dadiomov(Cofounder & CEO)inSam Aarons(Co-Founder & CTO)in

One More Gameonemoregame.comin𝕏

One More Game is a game development studio that creates online games for players.

GamingSeattle, US

Patrick Wyatt(Executive Officer, Director, Promoter)Jamie Winsor(Executive Officer, Director, Promoter)Christy Howden(Executive Officer)Leslie White(Executive Officer)

Onsembleonsemble.com

Mission to decarbonize homes and transform them into productive energy resources for a clean, reliable grid

Ourselfourself.com
Peoplehoodpeoplehood.com
Permutpermut.comin

Permut provides a platform for building, deploying, and monitoring AI customer-service agents configured through natural language instructions, business rules, and workflows.

AI & Machine LearningEnterprise SoftwareSaaS

Planet Forward

Oakland, US

JULIA COLLINS(Executive Officer, Director, Promoter)WESLEY WANG(Executive Officer, Director)

Planet FWDplanetfwd.comin

PlanetFwd is a sustainability measurement platform that helps companies measure carbon footprints, automate life cycle assessments, and report emissions data for regulatory compliance and ESG goals.

Climate TechEnterprise SoftwareSaaS

Julia Collins(Founder & CEO)in

Playbookjoinplaybook.comin
Plugplug.vin
Pocketnestpocketnest.com𝕏

Pocketnest offers a white-label, mobile-first platform that financial institutions can brand to deliver personalized, AI-enabled financial education, advice, and tools covering areas from budgeting to estate planning.

AI & Machine LearningFintechSaaSAnn Arbor, US

JESSICA WILLIS(Executive Officer, Director)

PYMyoucanpym.com
Rootinerootine.coin𝕏

Rootine delivers personalized health and nutrition solutions using science-based approaches to support individual wellness goals.

ConsumerHealthtechWellness & FitnessNashville, US

Savviaisavviai.comin
Snowballwealthsnowballwealth.com

Frequently asked questions

What stage does Cleo Capital invest at?
Cleo Capital invests at the Pre-Seed, Seed stages.
What is Cleo Capital's typical check size?
Cleo Capital typically writes checks of $100K – $1M.
What sectors does Cleo Capital focus on?
Cleo Capital focuses on Consumer, Enterprise Software, Fintech, SaaS, Sector Agnostic.
Where is Cleo Capital located?
Cleo Capital is headquartered in New York, US.
Does Cleo Capital lead rounds?
Cleo Capital typically participates in rounds rather than leading them.

Media Β· Podcasts & interviews

featuring the team

Sarah Kunst of Cleo Capital eyes TSMC, global chips beyond Nvidia

CNBC Television Β· Sarah Kunst

Big Tech hits new highs: Cleo Capital's Sarah Kunst on her top stock picks

CNBC Television Β· Sarah Kunst

Nvidia is trying to stay ahead of its own massive success, says Cleo Capital's Sarah Kunst

CNBC Television Β· Sarah Kunst

Apple is getting rewarded from a frothy market, says Cleo Capital's Sarah Kunst

CNBC Television Β· Sarah Kunst

Microsoft could be in for a rough end to the year, says Cleo Capital's Sarah Kunst

Sarah Kunst Β· cnbc.com

Watch CNBC's full interview with Cleo Capital's Sarah Kunst and Neuberger Berman's Daniel Flax

Sarah Kunst Β· cnbc.com

Co-investors Β· 18

GV (Google Ventures)

GV (formerly Google Ventures) is a venture investment firm that backs founders across many industries, aiming to build long-term relationships and support companies across multiple stages and milestones.

Both backed Β· 2
$250K – $50M
Springbank

Springbank is a venture capital firm investing in mission-critical infrastructure across work, home life, and care, backing founders using AI and technology to modernize essential economic systems.

Both backed Β· 2
Planet FWDThisfirst
Founders Fund

Founders Fund is a venture capital firm that invests in companies building transformative technologies across defense, space, data analytics, and other frontier sectors.

Both backed Β· 1
$500K – $5M
Breakthrough Energy Ventures

Breakthrough Energy is a global platform founded to accelerate clean energy innovation and build climate-focused industries, supporting innovators developing affordable, reliable, clean energy technologies.

Both backed Β· 1
$500K – $50M
Contour Venture Partners

Contour Venture Partners is a New York City-based seed stage venture capital firm founded in 2005, focused on the NYC technology ecosystem.

Both backed Β· 1
$500K – $2M
Astia

Astia is a venture firm that invests in high-growth companies led by women, providing capital, network access, and market analysis.

Both backed Β· 1
Buckhill Capital

Buckhill Capital is an investment firm backing founders working to build sustainable systems and healthy communities, with a focus on circular supply chains, waste reduction, education, and economic empowerment.

Both backed Β· 1
DST Global

DST Global is a global internet-focused investment firm that backs fast-growing, high-value internet companies. It does not solicit or accept retail investors.

$100K – $200M
Canvas Ventures

Canvas Prime (formerly Canvas Ventures) is an early-stage venture capital firm that invests in AI transforming digital health and fintech, leading Series A and B rounds in companies ready to scale.

$5M – $20M
01 Advisors

01 Advisors is led by former Twitter CEO Dick Costolo, former Twitter COO Adam Bain, and Facebook's former Chief Revenue Officer David Fischer, who bring first-hand experience scaling Twitter, Google, and Facebook from early revenue to tens of billions in sales. They operate as "venture coaches" who deliberately avoid taking board seats so they can provide candid advice without formal constraints, focusing on Series A and B companies that have product-market fit but need help building professional sales organizations and revenue operations.

$1M – $10M
Fifth Wall

Fifth Wall is an investment firm focused on technology for the built environment (PropTech), backing startups that make the spaces where people live, work, and play smarter, safer, and more energy efficient.

$250K – $100M
Hustle Fund

Hustle Fund is an early-stage venture capital firm that invests quickly in startups, offering capital along with educational programs and mentorship. It also runs an angel investing community that lets members invest alongside the fund.

$150K
β–Ά6 more co-investors

Amity VenturesXSeed CapitalOlima VenturesLvlUp VenturesOsney CapitalQuake Capital

Firms observed investing alongside Cleo Capital, from public investor directories. Shared companies are the overlap with Cleo Capital's recorded portfolio.

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