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Laki Power raises €6 million in Series A funding led by the NATO Innovation Fund to support its innovative power-generating device for monitoring equipment.

PRIVATESep 17, 2026•about 4 hours ago

Amount Raised

€6 Million

Round Type

Series A

Reykjavik

Investors

Reyk VcNato Innovation Fund

Description

Laki Power has secured €6 million in a Series A financing round led by the NATO Innovation Fund, marking its first investment in Iceland. The funds will support the development of a patented device that generates power from high-voltage lines for monitoring equipment. Laki Power aims to solve challenges faced by engineers in remote areas by utilizing its unique technology. The startup has already gained customers across four continents.

Company Information

Company

Laki Power

Location

Reykjavik, Capital Region, Iceland

About

Laki Power is a startup based in Reykjavík that specializes in innovative power solutions for grid monitoring. Founded in 2015, the company has developed a patented device known as PowerGRAB, which generates its own power by drawing from live high-voltage transmission lines. This technology allows for the operation of monitoring equipment in remote areas without the need for battery replacements. Laki Power is poised for growth with clients across four continents and aims to scale its operations beyond Iceland.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Laki Power raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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