Cloover erhält 114 Mio. $ für den Anschluss von 1 Mrd. Menschen an erneuerbare Energien

Berlin-based start-up Cloover has secured an impressive seed round of 114 million US dollars to accelerate the growth of its operating system for the renewable energy industry. The company connects all key players in the energy transition — installers, prosumers, manufacturers, energy suppliers, and investors — through its software, financing, and energy solutions. The funding round is led by Lowercarbon Capital, founded by renowned venture capitalist Chris Sacca, and supported by existing investors 9900 Capital and QED. This oversubscribed round highlights the team’s momentum and the strong confidence investors have in the business model, even amid economic challenges.

“Cloover’s vision is to break down the silos between the main players that are essential for a successful energy transition. By simplifying the sales process for installers, managing payment flows and financing, sourcing required materials, and monitoring energy generation and consumption for individuals, Cloover connects the dots and leverages synergies across the entire value chain,” explains Jodok Betschart, co-founder and CEO of Cloover.

Cloover’s founding team consists of industry veterans, including Jodok Betschart (Co-CEO), an experienced tech entrepreneur; Peder Broms (Co-CEO & CFO), who brings more than a decade of experience in structured finance; and Valentin Gönczy (CPO), an experienced SaaS expert responsible for software development at Cloover.

With the fresh capital, Cloover will double down on developing its software for installers and further expand its sales, payments, and financing offerings. “The prevailing attitude in the industry has been to hold back on innovation and allow larger companies to refine their operations and scale. But to reach Net Zero, there is no time to delay progress, especially as more than 85% of installations are still carried out by SME installers. Our software equips this target group with the same sophisticated digital tools that large companies have long had, enabling them to compete on equal footing and accelerate the adoption of sustainable energy,” says Valentin Gönczy, co-founder and CPO of Cloover, underscoring the strategic focus on leveling the playing field.

Peder Broms, co-founder and CEO, adds: “We are bringing renewable energy to the remaining mass market in Europe — 160 million households that are still excluded. By combining our proprietary data on consumer energy savings with various capital sources, we can extend financing to households that previously had no access to these assets. Moreover, Cloover’s partners can use our platform to free up working capital for their operations, enabling an even faster rollout of renewables in Europe.”

To achieve the EU target of a 42.5% share of renewable energy in electricity generation by 2030, annual investments of 800 billion euros are required, but currently only half of that is being deployed. The residential renewable energy sector has grown by 20% annually over the past decade, driven by rising energy prices, increased electrification, and growing consumer awareness. However, to reach the remaining 80% of households, installers need new tools — which Cloover aims to provide.

“Cloover’s technology and financing capabilities give installers the fastest path to powering the 200 million households in Europe,” says Shawn Xu, Partner at Lowercarbon Capital.

With several hundred partners across Europe representing a revenue pipeline of more than 3 billion US dollars, Cloover has already demonstrated strong traction in renewable energy. This success is highlighted by partner experiences such as 4Panels, a Berlin-based solar installation company. “Since our company started using Cloover’s software and financing options, we have seen a 26% increase in closed deals while reducing the time from offer to close from five weeks to less than two. For us, Cloover is a key pillar for the success of our daily operations and long-term growth,” says Pedram Ghassim, owner of Berlin-based solar installation company 4Panels.

Looking ahead, Cloover is redefining the industry landscape with the goal of connecting 1 billion people to renewable energy. The company’s strategy focuses on bridging gaps between stakeholders and leveraging technology and capital to increase access and efficiency. Committed to sustainability and excellence, Cloover aims not only to meet but to exceed the EU’s ambitious renewable energy goals, paving the way for a cleaner future for all.

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