Cloover raises $22M to accelerate the energy transition

Although there is a growing demand for residential solar power, heat pumps and electric vehicle (EV) charging, small and medium-sized installation companies often struggle with manual workflows and limited access to capital.

Founded in 2023 by Jodok Betschart, Peder Broms, and Valentin Gönczy, Cloover aims to bridge this infrastructure gap in the distributed energy economy. The company provides a unified platform that integrates workflow management, procurement, and financing for energy installers, manufacturers, and homeowners. Their platform streamlines processes from initial customer offers to long-term energy management and uses AI to evaluate long-term energy savings, allowing for more inclusive financing options and lowering the barrier to entry for green technology adoption.

The Berlin-based climate fintech recently secured $22 million in Series A equity to accelerate the deployment of its AI-driven operating system. The round was led by MMC Ventures and QED Investors, with participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures.

Sources: Cloover

Founders: Jodok Betschart, Peder Broms, Valentin Gönczy