Startup profile · funding coverage
Cloover funding, valuation and investors
Berlin AI operating system that finances and software-enables independent installers of residential solar, heat pumps, and home electrification, then pools homes into a virtual power plant.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series A
$22M · January 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$22M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series a · Berlin, Germany
Investors in latest funding
Lead: MMC Ventures , QED Investors
Other: Lowercarbon Capital
Latest tracked event: Financing facility (September 2026). It is shown separately because it is not counted as disclosed equity funding.
Overview
Cloover is a Berlin energy platform founded in 2023 by Jodok Betschart, Peder Broms, and Valentin Gönczy. It supplies independent installation businesses with financing, software, and energy products for residential solar, heat pumps, and renovations, then aggregates installed systems into a virtual power plant. On September 1, 2026 EU-Startups and Tech.eu reported a new €86.2 million ($100 million) financing facility and a company claim that Cloover is profitable at a revenue run rate of more than $350 million (€301.7 million). That facility is lending capacity for equipment and installations, not Series B equity. Cloover’s January 2026 company post was $22 million Series A led by MMC Ventures and QED Investors, plus a $1.2 billion debt facility. September coverage puts total financing capacity above $1.3 billion, underpinned by an EIF guarantee. Valuation was not disclosed. MMC, QED, and Lowercarbon Capital do not have Venture Capital Tracker fund pages.
Why Cloover is interesting
September 1, 2026: company-claimed profitability at a more than $350 million revenue run rate, plus a $100 million (€86.2 million) financing facility — lending capacity, not a new equity round. January was $22 million Series A plus about $1.2 billion of debt. No valuation.
Product & use cases
Installer-facing OS with embedded 25-year financing, plus Cloover Energy home energy management and a virtual power plant over distributed solar, batteries, heat pumps, and EV chargers.
- Independent installers selling solar and heat pumps with point-of-sale financing
- Households paying nothing upfront and spreading cost up to 25 years (company)
- Aggregating homes into a tradable flexibility pool
Key facts
- Sep 1, 2026: $100M / €86.2M financing facility — not equity (EU-Startups / Tech.eu)
- Company: profitable at >$350M revenue run rate (~€301.7M)
- Jan 2026: $22M Series A (MMC + QED) plus ~$1.2B debt (company post)
- Press: total financing capacity >$1.3B; EIF guarantee cited
- No valuation. ~20,000 installs/year is a company figure
Funding history (newest first)
Financing facility
2026-09 $100M- European Investment Fund
Series A
2026-01 $22M- MMC Ventures (lead)
- QED Investors (lead)
- Lowercarbon Capital (participant)
Source: https://www.cloover.com/en/post/cloover-secures-series-a
Competitive landscape
Edge: Company: every project sold by an independent installer rather than a captive sales force. That is a distribution claim, not a disclosed take-rate.
Cloover’s September print is a debt-capacity and run-rate story. Diligence is facility terms, default rates, and whether the $350M run rate is recognized revenue — not a Series B price that was not disclosed.
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Incumbent utilities incumbent
Own generation and resell power. Cloover calls itself a neo-utility that owns no plants.
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Emerald AI adjacent
Data-center grid flexibility at a $1.05B equity mark. Different buyer. See /startup/emerald-ai.
Industries
Related funding articles
Venture Capital Tracker pieces that cover Cloover's financing or category context.
FAQs about Cloover
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