## Cloover Aims to Revolutionize the Energy Sector Berlin-based climate fintech Cloover has announced that it has secured over $1.2 billion in funding. This significant investment, which combines Series A equity and a substantial debt facility, aims to accelerate the rollout of Cloover's software and financing platform across Europe. The financing package includes €18.8 million (approximately $22 million) in Series A equity, led by MMC Ventures and QED Investors, with participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures. Alongside that, a €1.02 billion debt facility is provided by a major European bank. ## The Context of the Energy Transition The transition to renewable energy sources has become a global priority. In this scenario, companies that develop innovative solutions for the production, distribution, and financing of clean energy play a crucial role. The investment in Cloover underscores the growing importance of the climate-tech sector and the need to accelerate the adoption of sustainable technologies.