Cloover has raised $13.0M in total across 2 funding rounds.
Cloover's investors include BITKRAFT Ventures, Dream Machine, Electric Ant, First Round Capital, Index Ventures, Lowercarbon Capital, Not Boring Capital, Outrun Ventures, QED Investors, Adar Zango, Alex Adelman, Nick Caldwell.
Cloover is a climate fintech company founded in 2022 that provides an operational platform enabling renewable energy installers to offer subscription-based financing for technologies like solar panels, battery storage, EV chargers, and heat pumps. It integrates software, financing, and energy solutions to connect installers, prosumers, manufacturers, energy providers, and investors, allowing households and businesses to rent these assets risk-free and achieve savings from day one.[1][2][5][6] Serving vendors across Europe (including Germany, Sweden, and Switzerland), Cloover solves high upfront costs and capital inefficiencies in the energy transition by automating documents like contracts and invoices via tools like DocuGenerate, while building a decentralized network of assets to support grids and communities.[2][3] The company has raised $121.4M–$121.6M in funding, including a $114M debt round about a year ago, signaling strong growth momentum in the renewable sector.[1][4]
Cloover emerged in 2022 amid Europe's accelerating energy transition, founded by a team with deep industry experience in climate tech and fintech, though specific founder names are not detailed in available sources.[1][2] Headquartered in Berlin, Germany, with operations in Stockholm and Switzerland, the idea stemmed from addressing barriers like high costs and legacy financing that hinder renewable adoption for households and businesses.[1][2][6] Early traction came quickly through its point-of-sale platform for installers, culminating in substantial funding—topping seed deal lists in 2024—and Platform 2.0 enhancements for managing contacts, projects, analytics, and automated documents, which boosted operational efficiency.[1][2][4]
Cloover rides the global push for net-zero emissions and Europe's grid modernization, fueled by regulatory mandates, rising energy prices, and subsidies for renewables. Its timing aligns with post-2022 energy crises accelerating solar and storage adoption, where financing barriers slow deployment despite falling hardware costs.[1][2] Market forces like decentralized energy and fintech disruption favor its model, enabling mass-market transitions amid supply chain shifts and investor appetite for climate tech—evidenced by its $121M+ funding in a competitive field.[1][4] By empowering installers and aggregating assets, Cloover influences the ecosystem, potentially stabilizing grids and scaling "prosumer" participation across 1 billion people as per its mission.[6]
Cloover is poised to expand its European footprint into more markets, leveraging its funding to grow the asset network and Platform 2.0 amid surging demand for flexible renewables financing. Trends like AI-optimized grids, EV proliferation, and stricter EU carbon rules will amplify its momentum, potentially evolving it into a major energy orchestration player. As climate fintech matures, Cloover's integrator role could redefine accessible sustainability, turning high-level renewable promises into day-one realities for millions.
Cloover has raised $13.0M across 2 funding rounds. Most recently, it raised $6.0M Seed in May 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2024 | $6.0M Seed | BITKRAFT Ventures, Dream Machine, Electric Ant, First Round Capital, Index Ventures, Lowercarbon Capital, Not Boring Capital, Outrun Ventures, QED Investors, Adar Zango, Alex Adelman, Nick Caldwell, Philippe Teixeira da Mota, Reggie James, Scott Belsky, Trevor McFedries | |
| Oct 1, 2023 | $7.0M Seed | BITKRAFT Ventures, Cherry Ventures, Lowercarbon Capital, Outrun Ventures, Picus Capital, Playfair Capital, QED Investors, Sequoia Capital, Alexander Ljung, Andreas Bodczek, Chris Schagen, Christian Reber, Eric Quidenus-Wahlforss, Felix Jahn, Mathilde Collin, Nicolas Pinto, Philippe Teixeira da Mota |
