Goodwin Advised MMC Ventures In Leading Cloover’s $22 Million Series A

Goodwin Advised MMC Ventures In Leading Cloover’s $22 Million Series A

Goodwin advised MMC Ventures on its Series A investment in Cloover, which raised $22 million in equity financing alongside a $1.2 billion debt facility. MMC Ventures led the equity round alongside QED Investors, with participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures. The debt facility was provided by a leading European bank to fund customer and installer financing on the platform.

Cloover, founded in 2023, is a pan-European platform building the operating system for energy independence. Its end-to-end solution empowers manufacturers, installers, investors, and households to accelerate the transition to clean, affordable, and independent energy. Cloover currently operates in Germany, Switzerland, Sweden and the Netherlands.

MMC Ventures is a leading European venture capital firm backing early-stage companies. With a research-driven approach and deep expertise across enterprise AI, data infrastructure, fintech and health, MMC partners with exceptional founders building the next generation of transformative startups and the technologies underpinning them. MMC’s fintech portfolio includes category-defining companies such as Interactive Investor, Copper, YuLife, TreasurySpring and Safeguard Global.

The Goodwin team was led by Adam Thatcher (Partner), and Alec Smith (Associate).

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