Munich Startup Furo Just Raised $4M to Slash Industrial Energy Bills

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Munich-based Furo raises $4M to expand its energy software that cuts industrial electricity costs by up to 40%. The round was led by TQ Ventures.

Furo, a Munich-based energy software company, just closed a $4 million funding round. The round was led by US investor TQ Ventures, with participation from Sandberg Bernthal Venture Partners, Neo, and CDTM Venture Capital. The company, formerly known as Lumera Energy, will use the funds to further develop its software, expand into additional European markets, and grow its team. ### Why Furo's Software Matters for Industrial Energy Users Global energy demand from AI data centers is rising sharply, hitting energy-intensive industrial companies hardest, especially in Germany, where electricity prices are already among the highest in the world. Battery storage offers a solution: it stores surplus solar or wind power and releases it when needed. But most installations operate on rigid, pre-programmed rules, regardless of weather or electricity prices. Furo's platform forecasts power prices and weather up to 48 hours ahead. It then optimizes the operation of storage systems in real time, deciding when to charge and when to release or sell power. The company claims this can reduce customers' electricity costs by up to 40%. The software is sold through installers, project developers, storage manufacturers, and utilities. More than 800 companies use the platform across over 6,000 sites in Germany and Europe. ### The Team Behind Furo Furo was founded in 2025 as Lumera Energy by Lena Sophia Voß, Leonie Wagner, and Simon Wittner. They met on a joint master's program at the Centre for Digital Technology and Management (CDTM) of LMU Munich and the Technical University of Munich. "Our customers did not buy a battery in order to own a technology, but in order to lower their electricity bill," said Voß. "In one of the most volatile power markets in the world, that is decided by the software, not by the hardware. That is exactly why we founded Furo." Schuster Tanger, co-founding partner at TQ Ventures, added: "Lena, Leonie and Simon understand the European energy market at an extraordinary level of depth. It's a remarkable example of team-market fit." ### The Bigger Picture Inflexible energy demand costs industrial companies an estimated $580 billion a year worldwide. The cause isn't renewable energy itself, but price volatility, high grid fees, load peaks, and a lack of flexibility in consumption. Furo's forecasting module prices in these fluctuations, while static systems remain blind to them. Earlier this month, Furo announced a partnership with Berlin-based LUOX Energy to launch a combined solution for optimizing commercial and industrial battery storage systems. In May 2026, the company announced its rebrand from Lumera Energy. With this fresh funding, Furo is poised to help more industrial companies take control of their energy costs and contribute to a more flexible, resilient energy grid.

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