Climate fintech start-up Cloover secures $114m in seed funding round

  • Company: Cloover, a Berlin-based climate fintech.
  • Funding: Raised $114 million in seed funding (combination of debt and equity).
  • Investors:
    • Led by Lowercarbon Capital.
    • Supported by QED Investors and 9900 Capital.
  • Announcement: Made via LinkedIn.
  • Use of Funds:
    • Enhance operating system for the renewable energy industry.
    • Develop financing, sales, and payment services.
  • Founding Year: 2022.
  • Co-Founders: Valentin Gönczy, Jodok Betschart, and Peder Broms.
  • Platform Features:
    • Aids renewable energy installers (e.g., solar panel installers).
    • Improves sales processes.
    • Manages payments and financing options.
    • Procures materials.
    • Oversees energy production of installations.
  • Objective: Simplify operations for the renewables value chain.
  • Mission: Solve sustainable hardware financing to achieve net-zero.
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Former Royal Mint Executives Secure Backing for Precious Metals Trading Platform

New platform aims to modernize precious metals trading for investors.Highlights: Former Royal Mint executives launch a new trading...

Coastal Bank Partners with Tempo to Strengthen Cross-Border Money Transfers

The partnership aims to enhance international money movement solutions.Highlights: Coastal Bank has partnered with Tempo for improved cross-border...

Lloyds Accelerates Homebuying with Fully Digital Service

New platform aims to reduce waiting times for mortgage approvals.Highlights: Lloyds introduces a fully digital homebuying service.Service aims...

AI in Fintech: Revolutionizing the Financial Industry

AI in fintech is changing how financial services operate. It's more than just a buzzword; it's a powerful...