Munich Energy Software Firm Furo Raises EUR 3.44 Million Led by TQ Ventures

On September 11, 2026, Furo, a Munich-based energy software company formerly known as Lumera Energy, announced the completion of a EUR 3.44 million (USD 4 million) funding round. The round was led by US investment firm TQ Ventures, with participation from Sandberg Bernthal Venture Partners, Neo and CDTM Venture Capital. The proceeds will be used to further develop the software, expand into additional European markets and grow the team.

Furo was founded in 2025 under the name Lumera Energy by Lena Sophia Voss, Leonie Wagner and Simon Wittner, who met in a joint master's program at the University of Munich and the Center for Digital Technology and Management at the Technical University of Munich. The company develops software to control and optimize commercial and industrial battery storage.

The platform can forecast electricity prices and weather up to 48 hours in advance and uses that information to optimize the real-time operation of storage systems, while also selling unused capacity in energy trading. The company says its software can reduce customers' electricity costs by up to 40%. The platform is not sold directly to end customers but through installers, project developers, storage manufacturers and utilities. More than 800 companies in Germany and Europe currently use the platform at more than 6,000 sites. It can be adapted to different roles, covering system-scale design, asset operations and the marketing of idle capacity in energy trading.

Global energy demand from AI data centers is rising sharply, hitting energy-intensive industrial companies hardest, particularly in Germany, where electricity prices are among the highest in the world. Battery storage can store surplus solar or wind power and release it when needed. The company says most storage installations still operate on fixed, preprogrammed rules that do not account for actual changes in weather or electricity prices. Earlier in September 2026, Furo announced a partnership with Berlin-based LUOX Energy, the end-customer brand of Lumenaza GmbH, to launch a joint solution for optimizing commercial and industrial battery storage systems. In May 2026, the company announced its rebranding from Lumera Energy.