Wednesday, June 12, 2024
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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.

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