Berlin-based climate fintech Cloover has secured a monumental capital commitment of over $1.2 billion to accelerate Europe's transition to decentralized energy. This funding, comprising a Series A equity round and a substantial debt facility, will fuel the expansion of its integrated software and financing platform. The move positions Cloover to address critical bottlenecks hindering the widespread adoption of renewable energy technologies across the continent.
A Landmark Financial Commitment
The financing package is composed of a $22 million Series A equity round co-led by MMC Ventures and QED Investors, with several other prominent venture firms participating. This is complemented by a massive $1.2 billion debt facility from a major European bank. A $351 million guarantee from the European Investment Fund further strengthens the initiative, enabling scalable and low-cost lending for clean energy projects.
This substantial capital injection marks a significant milestone for the company, which was founded in 2023. The debt facility is specifically designed as operational capital to directly finance renewable energy assets like solar panels, batteries, and heat pumps. It empowers manufacturers, installers, and homeowners by embedding financing directly into the deployment process under a single, unified system.
Addressing a Fragmented Market
Cloover's mission targets the structural challenges hampering Europe's green energy goals. The market relies heavily on a large base of small and mid-sized installers who often operate with fragmented software, manual processes, and limited financing options. These inefficiencies create significant hurdles to scaling up the installation of decentralized energy systems efficiently and affordably.
Traditional banking models have proven too slow and rigid to meet the financing demands of residential energy projects at the necessary pace. This mismatch contributes to installation delays, increases administrative burdens for installers, and ultimately results in higher costs for consumers. Cloover aims to close this critical gap by providing a modern, integrated infrastructure for the entire ecosystem.
An Integrated AI-Powered Platform
At the heart of Cloover's solution is an end-to-end software platform that functions as a central operating system for the decentralized energy sector. It integrates workflow management, procurement, financing, and energy optimization into a single environment for all stakeholders. This approach, likened to a "Shopify for energy," provides a digital backbone for the entire deployment process.
The platform leverages artificial intelligence to enhance efficiency and accessibility across the project lifecycle. AI-driven tools support automated credit underwriting that evaluates projected energy savings, identifies risks early, and helps pre-finance public subsidies for consumers. This innovative approach makes clean energy investments more attainable for a broader range of households.
For installers, the platform is a transformative tool that streamlines operations and improves financial stability. By offering financing directly at the point of sale, they can boost conversion rates, reduce administrative tasks, and shorten their cash cycles. This empowers them to focus on installations and grow their businesses more effectively within the expanding market.
Fueling Growth and European Expansion
The company's rapid ascent is underscored by its remarkable financial performance, having achieved more than eightfold revenue growth in 2025 while maintaining profitability. With sales approaching $100 million, Cloover projects revenues to reach approximately $500 million in 2026 and $1 billion by 2027. This trajectory highlights the strong market demand for its integrated solution.
With the new capital, Cloover is set to embark on an ambitious expansion plan across the continent. The company intends to enter additional key European markets, including France, Italy, the United Kingdom, and Austria. It will also continue to develop its platform, adding more advanced AI-driven automation and financing capabilities to its offerings.
Cloover's massive funding round is more than a corporate success; it signals a pivotal shift in how Europe's energy transition is financed and executed. By combining scalable capital with a sophisticated software platform, the company is poised to remove long-standing barriers for installers and consumers alike. This investment sets a powerful precedent for the climate tech sector, demonstrating deep investor confidence in decentralized energy as a key infrastructure asset class.