Icelandic AI Energy Startup SnerpaPower Secures €3.4 Million Seed Funding for European Expansion
Icelandic energy‑software startup SnerpaPower secured €3.4 million in a seed round led by Encevo, with participation from Crowberry Capital, BackingMinds and a grant from the Icelandic Technology Development Fund. The funding will be used to scale its AI‑driven platform that forecasts electricity demand and automates procurement for power‑intensive industries, expanding the solution across Europe.