Icelandic energy software company SnerpaPower has raised €3.4 million in funding, including a €3 million seed round led by Encevo, with participation from existing investors Crowberry Capital and BackingMinds, as well as a €400,000 grant from the Icelandic Technology Development Fund. The company develops software for power-intensive industries that uses AI to forecast electricity demand, automate scheduling and help customers manage electricity procurement and flexibility markets. The new funding will support the company’s expansion into additional European markets and further development of its forecasting, automation and market-integration technology. SnerpaPower develops software for managing electricity consumption in...
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