# SnerpaPower

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/snerpapower

- Industry: Software
- Headquarters: Reykjavik, Iceland
- Website: www.snerpapower.com/
- Total disclosed funding: $3.5M
- Latest round: Seed (Aug 19, 2026)
- Investors on record: 3

## About

Founded in 2022 and based in Reykjavik, Iceland, Snerpa Power ehf. operates as a power and utilities platform that engages in converting waste into energy. Íris Baldursdóttir (CEO) and Eyrún Linnet (CTO) are the co-founders of the company. In August 2026, SnerpaPower raised EUR 3.4 million in seed funding led by Encevo, with participation from BackingMinds and Crowberry Capital.

Founded in 2022 and based in Reykjavik, Iceland, Snerpa Power ehf. operates as a power and utilities platform that engages in converting waste into energy. Íris Baldursdóttir (CEO) and Eyrún Linnet (CTO) are the co-founders of the company. In August 2026, SnerpaPower raised EUR 3.4 million in seed funding including a 400,000 grant from Technology Development Fund, led by Encevo, with participation from BackingMinds and Crowberry Capital.

The company specializes in energy solutions and the electricity market that empower power-intensive users to actively participate in grid balancing and accelerate the decarbonization of the energy sector. The firm offers a comprehensive 360° solution, including forecasting, scheduling, bid generation, notifications, alerts, and reporting services. In addition, Snerpa Power supports the sustainable development goals of the United Nations.

SnerpaPower's revenue is generated through its software-as-a-service energy management platform, which power-intensive industrial customers use on an ongoing basis to manage electricity scheduling, market participation, and grid-flexibility monetization. Alongside the core platform, the company generates revenue through advisory services, providing customers with individualized counsel on electricity consumption analysis, market strategy, and regulatory navigation as part of their onboarding and ongoing use of the platform.

Following its funding round led by Encevo, with continued participation from Crowberry Capital and BackingMinds and a supporting grant from Iceland's Technology Development Fund, SnerpaPower plans to accelerate its expansion into additional European markets beyond its current Nordic base, building on a platform that already manages a significant share of industrial electricity consumption in the region. The company intends to use the funding to strengthen its commercial, finance, and technology teams while continuing to develop its forecasting, automation, and market-integration software capabilities, positioning power-intensive industries to treat electricity as an operational asset that can be planned, optimized, and monetized rather than solely as a fixed cost.

## Funding rounds

- Seed, Aug 19, 2026, $3.5M — Crowberry Capital, BackingMinds, Encevo

## Investors

- Crowberry Capital (https://capitalatlas.ai/funds/crowberry-capital) — Seed
- BackingMinds (https://capitalatlas.ai/funds/backingminds) — Seed
- Encevo — Seed