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§ Private Profile · Stockholm, Stockholms Lan, Sweden
Platform for renewable energy contractors and homeowners, simplifying adoption with software, financing, and energy management.
Berlin-based Cloover is a financial technology and software platform that enables contractors and independent installers to manage sales, operations, and consumer financing for renewable energy projects. The company embeds lending capabilities directly into its operational software, allowing smaller electrification businesses to automatically offer consumer loans for residential solar panels, battery storage systems, and heat pumps. To support its lending infrastructure across Europe, the enterprise has secured hundreds of millions in debt commitments and raised $114 million in funding led by venture capital firm Lowercarbon Capital. By streamlining administrative and financial workflows for energy providers and hardware manufacturers, the platform helps independent installers compete with larger industry incumbents while accelerating the broader transition to renewable energy. Cloover was founded in 2022 by Peder Broms and Jodok Betschart, the former chief executive officer of event management software provider Evenito.
Cloover has raised $1.2B across 3 funding rounds.
Cloover has raised $1.2B in total across 3 funding rounds.
Cloover has raised $1.2B in total across 3 funding rounds.
Cloover's investors include Oliver Richards, QED Investors, 9900 Capital, Centrotec, Earthshot Ventures, Lowercarbon Capital, Robert Bosch Venture Capital, BITKRAFT Ventures, Dream Machine, Electric Ant, First Round Capital, Index Ventures.
Cloover has raised $1.2B across 3 funding rounds. Most recently, it raised $1.2B Debt / Series A in January 2026.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 21, 2026 | $1.2B Debt Financing | Oliver Richards, QED Investors | 9900 Capital, Centrotec, Earthshot Ventures, Lowercarbon Capital, Robert Bosch Venture Capital | Announced |
| May 1, 2024 | $6M Seed | Lowercarbon Capital | BITKRAFT Ventures, Dream Machine, Electric ANT, First Round Capital, Index Ventures, NOT Boring Capital, Outrun Ventures, QED Investors, Adar Zango, Alex Adelman, Nick Caldwell, Philippe Teixeira DA Mota, Reggie James, Scott Belsky, Trevor Mcfedries, 9900 Capital | Announced |
| Oct 1, 2023 | $7M Seed | 9900 Capital | 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, Broadhaven Ventures, Centrotec, Index Ventures | Announced |
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.