Munich-based energy software startup Furo has closed a 4 million euro financing round. It is led by New York-based investor TQ Ventures. Neo, Sandberg Bernthal Venture Partners—Sheryl Sandberg’s fund—and CDTM Venture Capital are also participating. The fresh capital will be used for software development, expansion into additional European markets, and growing the team.
Furo steps in where purchasing a battery storage system alone does not yet provide an economical solution: deciding when a system should store, release, or sell electricity. According to the startup, many storage systems currently operate on rigid rules. If electricity prices or weather conditions change, these systems fail to respond adequately.
The battery is installed. Now it needs to pay off.
Furo’s software forecasts electricity prices and weather up to 48 hours in advance. Based on this data, it controls the storage system in real time and markets unused capacity in energy trading. According to the company, this can cut electricity costs by up to 40 percent.
Lena Sophia Voß, co-founder of Furo, says:
“Our customers didn’t buy a battery just to own a piece of technology, but to cut their electricity bills. In one of the most volatile electricity markets in the world, that is determined by software, not hardware. That is precisely why we founded Furo.”
The platform covers several steps: it supports the design of a storage system, optimizes ongoing operations, and enables the commercialization of free capacity. It is distributed via installation companies, project developers, storage manufacturers, and energy suppliers. According to the company, more than 800 businesses use the platform at over 6,000 locations across Germany and Europe.
Ben Rohloff, Director Commercial & Industrial at Enpal, describes the benefit as follows:
“We and our customers gain transparency into what our battery is actually doing and why. We can already see this difference in sales. Today, we have significantly more storage projects than just a year ago.”
Munich instead of Google and Apple
Furo was founded in 2025 under the name Lumera Energy by Lena Sophia Voß, Leonie Wagner, and Simon Wittner. The three met during their joint master’s program at the Center for Digital Technology and Management (CDTM) run by LMU and the TU München.
The team brings experience from organizations including Apple, Google X, Stanford University, UC Berkeley, and the Boston Consulting Group. According to the company, the three turned down offers from Google and Apple and returned to Munich from Silicon Valley to found their company here.
The connection to the US remained: In 2025, according to a company announcement, Furo was the only European startup accepted into the US accelerator program “Neo.” Now, several US investors are participating in the financing round.
Power Fluctuations as a Business Opportunity
Furo is tailoring its software to an electricity market where fluctuating generation and prices demand flexible decisions. Instead of operating storage systems according to rigid specifications, the platform is designed to continuously adapt its control to anticipated market conditions. For industrial and commercial enterprises, this is intended to make the investment in hardware pay off faster.
For the lead investor, the founding team’s experience with this market is a decisive factor. Schuster Tanger, Co-Founding Partner at TQ Ventures, says:
“Together, they bring exceptional technical depth and operational experience in Europe’s most complex electricity market. This is already evident in the number of projects and the data they have built up.”
With the new capital, Furo plans to take this approach to other European markets. The objective remains the same: to extract more economic value from existing battery storage systems.
