Cloover, a Berlin-based climate software and financing platform for residential electrification projects, announced it has secured a combined $1.222 billion in new capital commitments, pairing $22 million in Series A equity with a $1.2 billion debt facility designed to fund homeowner and installer financing for clean-energy installations. The equity round was led by MMC Ventures and QED Investors, with participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, CENTROTEC, and Earthshot Ventures.
The debt facility was provided by an unnamed “leading European bank,” Cloover said, and will support financing for customers and installers transacting through its platform.
Cloover also said it has obtained a €300 million guarantee from the European Investment Fund (EIF) to underpin its financing programs and enable access to lower-cost, scalable capital for distributed-energy projects.
Cloover positions itself as an operating system for decentralized residential energy—software that bundles installer workflow tools with embedded financing, plus capabilities such as procurement and energy optimization for technologies including rooftop solar, batteries, heat pumps, and EV charging.
The company argues that Europe’s clean-energy buildout depends heavily on small and mid-sized installers, many of which still rely on disconnected software and manual processes—constraints that can slow projects and complicate access to financing.
A central element of Cloover’s approach is using data and automation to connect financing to installer operations, including AI-enabled underwriting that the company says evaluates long-term energy economics alongside traditional credit factors, and mechanisms to pre-finance subsidies so consumers can benefit from incentives sooner.
In a company statement included with the announcement, co-founder and co-CEO Jodok Betschart said the new funding is meant to reduce friction for households by limiting upfront costs and simplifying financing.
Cloover is currently operating in Germany and four other European countries, and plans to expand into additional markets such as France and Italy, while also adding services like product procurement support for installers, according to reports.
The funding raise comes as parts of Europe’s residential solar market contend with changing economics and policy signals. Reporting noted the round arrives while residential installations have been declining across the EU.
In its announcement, Cloover said it works with hundreds of installers across Europe and has served thousands of households, claiming 8x revenue growth in 2025 while remaining profitable. It also said installers using its platform generate 34% additional revenue on average, and homeowners save 20% to 30% on energy costs, though these figures were not independently verified.
