Cloover

Connecting 1B people to renewable energy.

General Information
Company Name
Cloover
Founded Year
2022
Location (Offices)
Berlin, Germany +1
Founders / Decision Makers
Number of Employees
20
Industries
Financial Services, Renewable Energy, Embedded Systems
Funding Stage
Debt Financing
Social Media

Cloover - Company Profile

Cloover is a Swedish startup founded in 2022, with the slogan "Connecting people to renewable energy." The company's mission is to transition the world to renewable energy by providing a subscription service for every household. Cloover offers a seamless, long-term, and profitable way for customers to embrace sustainability through sustainable technology subscriptions. The company aims to create embedded finance products for renewable energy installers, functioning similarly to BNPL but for larger tickets and with a more extended horizon. Their financing of each deal not only reduces CO2 emissions but also positively impacts customers' finances, enabling them to save more than they pay. The company recently secured a notable €7.00M Pre Seed Round investment on 18 October 2023 from investors including Index Ventures, Christian Edler, Broadhaven Ventures, 9900, QED, Centrotec Sustainable, and Philippe Teixeira da Mota. Cloover's full-service model, accessible to vendors through an online portal, emphasizes the importance of operational excellence and world-class customer service. This aligns with their goal of facilitating the widespread adoption of sustainable technology. For those interested, further information is available at www.cloover.co.

Taxonomy: embedded finance, subscription service, CO2 emissions reduction, operational excellence, sustainable technology, renewable energy installers, long term profitability

Funding Rounds & Investors of Cloover (3)

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Funding Stage Amount No. Investors Investors Date
Seed Round $5.50M 3 28 May 2024
Debt Financing $108.50M - 28 May 2024
Pre Seed Round €7.00M 7 QED, Centrotec Sustainable +2 18 Oct 2023

Latest News of Cloover

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