SnerpaPower secures €3.4 million to accelerate its European expansion. The funding includes a €3 million Seed investment led by Encevo.
Amount Raised
€3 Million
Round Type
Seed
ReykjavikEnergyRenewable EnergyInvestors
Description
SnerpaPower, based in Reykjavik, has successfully secured €3.4 million to enhance its operations in power-intensive industries. The funding comprises a €3 million Seed investment from Encevo and a €0.4 million grant from the Icelandic Technology Development Fund. This investment will empower the company to expand its AI-powered energy management software solutions across Europe. SnerpaPower aims to transform the way industries manage electricity consumption.
Quick answer
SNERPA Power raised €3 Million in a Seed round, dated August 19, 2026. Investors: BackingMinds, Crowberry Capital, Icelandic Technology Development Fund and Encevo. SNERPA Power is based in Reykjavik, Capital Region, Iceland.
- How much did SNERPA Power raise?
- SNERPA Power raised €3 Million in a Seed round on August 19, 2026.
- Who invested in SNERPA Power?
- BackingMinds, Crowberry Capital, Icelandic Technology Development Fund and Encevo are named as investors in this round.
- What does SNERPA Power do?
- SNERPA Power is developing intelligent energy services that tap into the full potential of the power intensive industry in Iceland, thereby creating new revenue streams, increasing the competitiveness of the Icelandic..
- Where is SNERPA Power based and how big is it?
- SNERPA Power is based in Reykjavik, Capital Region, Iceland. Fundz records about 14 employees.
- Who are the decision-makers at SNERPA Power?
- Fundz holds 1 contact at SNERPA Power, including the Head of Business Development. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as SNERPA Power that raised within 45 days of this round, from Fundz verified event records.
- Orb Energy raised $2M on October 3, 2026.
- Largo raised $5.7M (Post-IPO Equity) on October 3, 2026.
- T1 Energy raised $50M (Convertible Note) on October 2, 2026.
- Shoreline Natural Resources raised $500M (Debt Financing) on October 2, 2026.
- Ororo Waste Management Limited raised $1M (Seed) on October 2, 2026.
- Novele raised $17M (Series A) on October 1, 2026.
Who to call at SNERPA Power, and when
A new round usually means SNERPA Power is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day SNERPA Power raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at SNERPA Power, from your own LinkedIn network
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