Munich-based Furo develops AI-powered software for commercial and industrial battery storage systems.
The company’s premise is that installing a battery is only part of the challenge. To generate economic value, the battery needs to be operated intelligently: charging and discharging at the right times, responding to electricity prices and making unused capacity available to energy markets.
Furo’s software analyses electricity prices and weather forecasts, optimises battery operations and can participate in energy trading. The company says its technology can reduce electricity costs for customers by up to 40%.
This becomes increasingly relevant as electricity demand rises and businesses look for ways to manage volatile energy costs.
This post covers:
- The September 2026 €3.4 million funding round
- Software for an increasingly important energy asset
- From Lumera Energy to Furo
- What Furo’s funding journey shows
- Fundingtrip: insights about funding
The September 2026 €3.4 million funding round
On 10 September 2026, Furo announced that it had raised $4 million, approximately €3.4 million, in new funding.
The round was led by TQ Ventures, with participation from Neo, Sandberg Bernthal Venture Partners, the investment firm founded by Sheryl Sandberg and Robert Bernthal, and CDTM Venture Capital.
Furo plans to use the capital to further develop its software, expand into additional European markets and grow its team.
The company says it is already used across a large share of planned commercial and industrial battery storage projects in Europe, giving the new funding a clear focus on scaling an existing commercial proposition.
Software for an increasingly important energy asset
Battery storage is becoming an important component of electricity systems with increasing amounts of renewable generation and growing electricity demand.
For industrial and commercial customers, however, the financial value of a battery depends heavily on how it is operated.
Furo’s software is designed to make those decisions dynamically. Instead of relying on fixed charging and discharging rules, the platform evaluates changing electricity prices and other conditions and determines when the battery should store energy, release it or participate in energy markets.
This approach turns battery storage from a largely hardware-led investment into a software-managed energy asset.
The rise of AI data centres adds another dimension. Rapidly increasing electricity demand is placing additional pressure on energy infrastructure, making flexibility and intelligent energy management increasingly valuable.
From Lumera Energy to Furo
Furo was previously known as Lumera Energy. Its founders, Lena Sophia Voß, Leonie Wagner and Simon Wittner, met through the Centre for Digital Technology and Management programme involving LMU Munich and the Technical University of Munich.
The team initially operated from the United States and participated in Neo’s accelerator programme before returning to Germany.
The company’s September 2026 financing represents an important transition from early startup development to European commercial expansion. The investor group also illustrates Furo’s international ambitions: a Munich-based company is attracting substantial backing from US investors while building its operating base in Europe.
What Furo’s funding journey shows
Furo’s story demonstrates that climate and energy startups do not necessarily need to build the underlying physical infrastructure themselves to participate in a major industrial transformation.
The company is targeting the software layer that determines how existing battery assets generate economic value. This can create a scalable business model around a rapidly growing physical infrastructure market.
Its funding journey also highlights the importance of a clear connection between capital and commercial execution. The September round is aimed at product development, market expansion and team growth rather than simply extending early experimentation.
For founders, another lesson is the value of combining a strong technical proposition with a clear economic benefit for customers. Furo’s proposition is not simply smarter batteries; it is helping customers reduce energy costs and improve the financial performance of storage assets.
Fundingtrip: insights about funding
Furo’s financing journey shows how entrepreneurs can turn a technical solution into a scalable funding story by connecting technology, market demand and measurable customer value. Fundingtrip helps founders understand funding options, identify suitable opportunities and prepare for the different financing stages of company growth. Entrepreneurs who want to strengthen their fundraising knowledge can explore the Fundingtrip courses.
About the author of this post
.
Sara Gavidia
Content Creator
Communications Manager & Content creator
LinkedIn
[email protected]
.
Hello! I’m Sara 👋🏻
I’m FundingTrip’s Content creator. I write posts about technology, funding and innovation. If you liked this one, subscribe to our newsletter to receive more updates!
Post reviewed by David Arias, funding expert.
