Tech Company Financing Transactions
SNERPA Power Funding Round
On 8/25/2026, SNERPA Power raised $4 million in Seed funding from BackingMinds and Crowberry Capital.
Transaction Overview
Company Name
Announced On
8/25/2026
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$4,000,000
Round
Seed
Investors
Proceeds Purpose
The company will use the capital to fund its commercial expansion into mainland European industrial corridors, expand its technical engineering and data science teams, and accelerate the development of its automated forecasting, market integration, and load-balancing software modules.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Undisclosed
Reykjavik, Undisclosed
IS
Reykjavik, Undisclosed
IS
Phone
Undisclosed
Website
Email Address
Overview
SNERPA Power was founded by Íris Baldursdóttir and Eyrún Linnet in January 2022 with the vision of developing intelligent energy services that tap into the full potential of the power intensive industry, thereby creating new revenue streams, increasing the competitiveness of the electricity market and giving more room for the energy transition. Íris Baldursdóttir serves as the Chief Executive Officer and Eyrún Linnet as the Chief Technology Officer of SNERPA Power ehf. The sustainable and intelligent use of energy resources is our passion and we believe that through innovation, automation and digitalization of industrial load there are gains to be created for the benefit of our customers and the energy system as a whole. We partner up with power intensive users to find the optimal solution adapted to their load characteristics, and of course the trends on the electricity market.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Iris Baldursdottir
Chief Technical Officer
Eyrún Linnet
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