Overview
- Cloover’s equity round was led by MMC Ventures and QED Investors with participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures.
- The new debt facility from an unnamed European bank is supported by a €300 million European Investment Fund guarantee, bringing total available debt to more than $1.3 billion.
- The platform lets installers offer homeowners financing for heat pumps, solar, batteries, and other upgrades at checkout while providing working capital to installers.
- Cloover currently operates in Germany, Switzerland, Sweden, and the Netherlands, with planned expansion into France, Italy, the UK, and Austria.
- The company reports about nine-fold revenue growth in 2025 to nearly $100 million, around 2,500 financed installations to date, and targets $500 million in 2026 and $1 billion in 2027 revenue.