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

Cloverleaf Infrastructure Overview

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

United StatesHouston, TX

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

Cloverleaf Infrastructure funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2026Strategic investmentNVIDIA (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 2024Undisclosed stageNGP Capital (lead); Sandbrook Capital (lead)$300MCloverleaf 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

Investors in Cloverleaf Infrastructure by funding rounds participated
InvestorHQRoundsRoleFirst check
NVIDIAUnited StatesSan Jose, CA1LeadAug 2026

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Cloverleaf Infrastructure Competitors

Cloverleaf Infrastructure competitors include listed companies like First Solar and Nextracker, and private ones like Northvolt, 1Komma5°, Climeworks and Gradiant.

Public and private companies comparable to Cloverleaf Infrastructure
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
First SolarUnited StatesUnited StatesPublicly listed$5.2B$2.1B$22B4.0x
NextrackerUnited StatesUnited StatesPublicly listed$3.6B$747M$13B2.9x
NorthvoltSwedenStockholmPrivate--$12B-
1Komma5°GermanyGermanyPrivate$598M-$1.4B-
ClimeworksSwitzerlandZurichPrivate--$1.1B-
GradiantUnited StatesBoston, MAPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
GE Vernova$38B$3.2B6.2x5.4x73.5x43.5x
Iberdrola$51B$17B4.4x4.3x13.2x11.8x
China Yangtze Power$13B$11B11.4x11.3x13.9x14.4x
Constellation Energy$26B$5B4.6x3.8x23.5x15.3x
Vingroup$13B$3.1B6.2x5.0x25.8x37.1x
Vistra$18B$5B4.0x3.3x13.9x10.2x
Samsung C&T$30B$3.8B1.5x1.4x11.9x13.2x
Sun Hung Kai Properties$10B$4B4.8x4.2x12.4x12.4x

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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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