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Berlin-based climate fintech Cloover has secured over $1.2 billion in total capital commitments, combining Series A equity and a substantial debt facility, to accelerate the expansion of its software and financing platform across Europe. This notable investment positions Cloover to play a key role in scaling decentralized energy solutions.
Financing Details and Key Investors
The financing round includes €18.8 million (approximately $20.2 million as of January 23, 2026) in Series A equity, led by MMC Ventures and QED investors. Additional participation came from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures.
Complementing the equity investment is a €1.02 billion debt facility from a leading European bank.This facility will directly fund customer and installer financing through the Cloover platform, backed by a €300 million guarantee from the European Investment Fund (EIF). The EIF guarantee aims to support scalable and affordable lending for clean energy projects across Europe.
Addressing a Gap in the Energy Transition
Founded in 2023 by Jodok Betschart,Peder Broms, and valentin Gönczy, Cloover was born from identifying key pain points experienced by installers across Europe. Through extensive interviews, the founders discovered widespread frustration with fragmented software, manual processes, and limited access to financing. They recognized a critical need for a unified platform to support the growing demand
Worth a look