Cloover raises $108.5M in debt financing to help small installers provide solar panel installation loans
PRIVATEMay 28, 2024
Amount Raised
$109 Million
Round Type
Seed
EnergyRenewable Energy
Investors
Qed's Fontes9900 CapitalLowercarbon Capital
Description
Cloover, a Europe-based startup, recently raised $108.5 million in debt financing alongside a $5.5 million seed round led by Lowercarbon Capital with participation from 9900 Capital and QED's Fontes. The company plans to use the funding to hire sales and customer success teams to train installers on how to use financing for energy upgrades.
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Company Information
Company
Cloover
About
Renewable energy as a subscription service - for every household.
Cloover wants a world powered by renewable energy, and our mission is to assist in the transition there. We provide a smooth, long term and profitable way to be sustainable. We do this by enabling our customers to subscribe to sustainable technology.
We create embedded finance products for renewable energy installers. Like BNPL but for larger tickets and with a much longer horizon. For every deal we finance, we help reduce Co2 emissions and contribute positively to our customers’ finances (they save more than they pay).
We have a full-service model accessible to vendors through an online portal. We order to succeed we need operational excellence and a world class customer service.
Visit us at www.cloover.co , or ask your vendor of sustainable technology to reach out.
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