NATO's venture arm backs Iceland's Laki Power with €6M for grid defence
What's the deal? Iceland's Laki PowerDealroom has a profile for this one. Try Dealroom → has raised €6 million in a Series A round led by the NATO Innovation Fund. The company builds monitoring technology for power grids, aimed at helping engineers protect and manage Europe's electricity infrastructure.
The founding story: Founder Óskar Valtýsson previously worked for Iceland's grid operator, where he saw how difficult it was for engineers to keep power lines running reliably. That experience shaped Laki Power's focus on grid monitoring.
Why now? Europe's power grid has become a strategic concern as governments confront threats to critical infrastructure. Backing from the NATO Innovation Fund, the alliance's venture arm, signals interest in dual-use technology that serves both civilian and security needs.
What's the endgame? Laki Power is building tools that let engineers monitor transmission lines and act faster when problems arise. The new funding supports that work as demand for grid resilience grows.
The signal: The round sits in the mid-tier for its category, ranking around the 53rd percentile by amount. That places Laki Power among a widening set of startups where defence capital and energy infrastructure now overlap.
Read more: Tech Funding News
Image credit: Laki Power
