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BERLIN – As Europe grapples with grid instability and skyrocketing electricity demands from the AI sector, Berlin-based Cloover has announced a massive $1.222 billion capital commitment. The raise—consisting of $22 million in Series A equity and a $1.2 billion debt facility—positions the startup to become the "operating system" for the continent's decentralized energy transition.
The Series A was led by MMC Ventures and QED Investors, with participation from high-profile backers including Bosch Ventures and Lowercarbon Capital. The $1.2 billion debt facility, provided by a leading European bank and backed by a €300 million European Investment Fund guarantee, will be used to dismantle the primary barrier to green tech: upfront costs.
Bridging the "Infrastructure Gap"
The shift toward solar, heat pumps, and EV charging is currently throttled by a fragmented ecosystem of small-to-mid-sized installers who lack the software and capital to scale. Cloover’s platform acts as a "digital nervous system" that unifies these stakeholders.
“We are creating the Shopify of Energy,” said Valentin Gönczy, Co-Founder and CPO. “We’re building a platform that equips manufacturers, installers, households, and investors with the tools to grow and deliver distributed energy at scale.”
The AI Advantage in Underwriting
What distinguishes Cloover from traditional lenders is its AI-powered credit engine. Unlike banks that rely on rigid traditional credit scores, Cloover’s AI evaluates long-term energy savings to approve financing. This allows the company to:
- Embed Financing: Loans are offered directly at the point of sale by installers.
- Pre-finance Subsidies: Homeowners receive the benefit of state incentives immediately rather than waiting months for government rebates.
- Optimize Performance: An AI Finance co-pilot helps installers manage cash flow and liquidity, resulting in an average 30% revenue increase for partner firms.
Hyper-Growth by the Numbers
Cloover’s financial trajectory reflects the "explosive demand" for energy autonomy:
- 2025 Performance: Revenue grew 8x, with the company reaching profitability on nearly $100M in sales.
- 2026 Projections: Targeting $500M in sales volume.
- Long-term Goal: $1 billion in sales by 2027.
A New Asset Class for Investors
Beyond the consumer benefit, Cloover is opening a new door for institutional investors. By providing a transparent, data-backed infrastructure asset class, the platform allows big capital to flow into residential energy projects with full visibility into climate impact and system performance.
“Cloover is tackling one of the most structurally important opportunities in the European energy transition,” noted Oliver Richards, General Partner at MMC Ventures. “What sets them apart is execution.”
With this new war chest, Cloover plans to expand its footprint into the UK, France, Italy, and Austria, aiming to turn energy independence from a luxury into a standard for every European household.
About Cloover
Founded in 2023 by Jodok Betschart, Peder Broms and Valentin Gönczy, Cloover is a pan-European platform building the operating system for energy independence. Its end-to-end solution empowers manufacturers, installers, investors, and households to accelerate the transition to clean, affordable, and independent energy. Cloover currently operates in Germany, Switzerland, Sweden, and the Netherlands.
About MMC Ventures
MMC Ventures is a leading European venture capital firm backing early-stage companies. With a research-driven approach and deep expertise across enterprise AI, data infrastructure, fintech and health, MMC partners with exceptional founders building the next generation of transformative startups and the technologies underpinning them. MMC’s fintech portfolio includes category-defining companies such as Interactive Investor, Copper, YuLife, TreasurySpring and Safeguard Global.
Learn more at www.mmc.vc.
