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- Cloverleaf Infrastructure
Cloverleaf Infrastructure Funding, Investors & Competitors
Cloverleaf Infrastructure has raised $300M across 2 funding rounds, most recently a strategic investment round in August 2026.
Last Cloverleaf Infrastructure funding round
Strategic investment
Amount undisclosed · Aug 2026
Cumulative funding Cloverleaf Infrastructure raised
$300M
across 2 funding rounds
Key investors in Cloverleaf Infrastructure
NVIDIA
NGP Capital
Sandbrook Capital
About Cloverleaf Infrastructure
Cloverleaf Infrastructure is a developer of clean energy sites for data centers and industrial users. The platform handles real estate acquisition, grid connections, battery storage, generation assets, and low-carbon power supply across the United States.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Cloverleaf Infrastructure Funding History
Cloverleaf Infrastructure has raised a total of $300M across 2 funding rounds.
Cloverleaf Infrastructure's first fundraising round was a $300M undisclosed-stage round in July 2024. The most recent completed round was a strategic investment round in August 2026.
Cloverleaf Infrastructure funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2026 | Strategic investment | NVIDIA (lead) | - | NVIDIA made a minority investment in Cloverleaf Infrastructure as part of a strategic partnership announced in August 2026 to accelerate U.S. data center infrastructure development and support the buildout of AI factories. The partnership is aimed at expanding the foundational infrastructure needed for accelerated computing, with Cloverleaf customers able to engage NVIDIA across the AI factory stack, including accelerated computing, high-performance networking, infrastructure and platform software, and NVIDIA DSX. Cloverleaf said the investment would help it support customers and utility partners facing rising demand for AI infrastructure, while NVIDIA positioned the deal as part of its broader effort to secure capacity for future AI computing needs. Cloverleaf Infrastructure, founded in 2024, develops land, power and shell infrastructure for data center projects and has worked on large-scale power land projects across the U.S. The company had previously raised $300 million in its founding year from energy investors NGP and Sandbrook Capital, and its platform has been associated with more than seven gigawatts of power land projects over the prior two years. |
| Jul 2024 | Undisclosed stage | NGP Capital (lead); Sandbrook Capital (lead) | $300M | Cloverleaf Infrastructure is a newly formed developer specializing in large-scale digital infrastructure sites powered by low-carbon electricity, targeting data center campuses across the US. The company collaborates with regional utilities and data center operators to deliver scalable clean power through investments in transmission, grid interconnection, land, onsite generation, and storage. Led by CEO David Berry, formerly cofounder and CFO at ConnectGen and Clean Line Energy Partners, the team includes CTO Jonathan Abebe with experience at the Department of Energy, Pattern Energy, and Clean Line, VP Nur Bernhardt from Microsoft's energy strategy, and chief commercial officer Brian Janous. On July 17, 2024, Cloverleaf secured capital commitments totaling over $300 million from private equity investors NGP Capital and Sandbrook Capital, with additional contributions from its management team. NGP and Sandbrook led the round, marking a significant backing for the startup amid surging demand for electricity to power AI and cloud computing. The funds will support development of clean-powered data center sites, addressing grid modernization and sustainable electricity needs without relying on high-emission fossil fuels. Investors highlighted the team's expertise and the market opportunity. Sandbrook's Alfredo Marti emphasized the technical power challenges in sustainable digital infrastructure, praising the team's creativity and capital deployment. NGP's Sam Stoutner noted the compelling opportunity in clean-powered digital infrastructure, drawing from decades of energy investments. The round aligns with big tech's push for low-emission power, positioning Cloverleaf at the intersection of energy transition and data center growth. |
Who has invested in Cloverleaf Infrastructure?
3 investors have backed Cloverleaf Infrastructure across its funding rounds, including NVIDIA, NGP Capital and Sandbrook Capital.
Lead investors include NVIDIA, NGP Capital and Sandbrook Capital.
Cloverleaf Infrastructure Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Aug 2026 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialCloverleaf Infrastructure Competitors
Cloverleaf Infrastructure competitors include listed companies like First Solar and Nextracker, and private ones like Northvolt, 1Komma5°, Climeworks and Gradiant.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $5.2B | $2.1B | $22B | 4.0x | ||
| Publicly listed | $3.6B | $747M | $13B | 2.9x | ||
| Private | - | - | $12B | - | ||
| Private | $598M | - | $1.4B | - | ||
| Private | - | - | $1.1B | - | ||
| Private | - | - | $1B | - |
Cloverleaf Infrastructure Public Comps
Cloverleaf Infrastructure is still privately-owned, but its public comps include GE Vernova, Iberdrola, China Yangtze Power, Constellation Energy, Vingroup, Vistra, Samsung C&T, Sun Hung Kai Properties, D.R. Horton and Goodman Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $38B | $3.2B | 6.2x | 5.4x | 73.5x | 43.5x | |||
| $51B | $17B | 4.4x | 4.3x | 13.2x | 11.8x | |||
| $13B | $11B | 11.4x | 11.3x | 13.9x | 14.4x | |||
| $26B | $5B | 4.6x | 3.8x | 23.5x | 15.3x | |||
| $13B | $3.1B | 6.2x | 5.0x | 25.8x | 37.1x | |||
| $18B | $5B | 4.0x | 3.3x | 13.9x | 10.2x | |||
| $30B | $3.8B | 1.5x | 1.4x | 11.9x | 13.2x | |||
| $10B | $4B | 4.8x | 4.2x | 12.4x | 12.4x | |||
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Common questions about Cloverleaf Infrastructure
| When was Cloverleaf Infrastructure founded? | Cloverleaf Infrastructure was founded in 2023. |
| Where is Cloverleaf Infrastructure headquartered? | Cloverleaf Infrastructure is headquartered in Houston, TX, United States. |
| Is Cloverleaf Infrastructure publicly listed? | No, Cloverleaf Infrastructure is a private, VC-backed company. |
| How much funding has Cloverleaf Infrastructure raised? | Cloverleaf Infrastructure has raised $300M across 2 funding rounds. |
| What was Cloverleaf Infrastructure's last funding round? | Cloverleaf Infrastructure's last funding round was a strategic investment round in August 2026, led by NVIDIA. |
| Who are Cloverleaf Infrastructure's investors? | Cloverleaf Infrastructure's investors include NVIDIA, NGP Capital and Sandbrook Capital. |
| Which companies are comparable to Cloverleaf Infrastructure? | Companies comparable to Cloverleaf Infrastructure include First Solar, Nextracker, Northvolt, 1Komma5°, Climeworks and Gradiant. |
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