Furo Raises €3.4M Seed Led by TQ Ventures for Battery Storage AI

Furo Closes €3.4M Seed Round

Furo, a Munich-based energy software company, has raised €3.4 million in seed funding. The round was announced on September 10, 2026, and was led by TQ Ventures.

Additional investors participating in the round include:

• Sandberg Bernthal Venture Partners
• Neo
• TQ Ventures
• CDTM Venture Fund

What Furo Does

Furo builds AI software to plan, optimise and monetise commercial and industrial battery storage. The company was founded in 2025 as Lumera Energy and is headquartered in Munich.

The platform is hardware-agnostic, meaning it is designed to work across storage systems rather than being tied to a single manufacturer. Its core capabilities include:

• Forecasting power prices, generation and consumption
• Controlling storage operation in real time
• Marketing unused capacity in energy trading

In effect, Furo sits between a battery asset and the energy markets, using software to decide when to charge, discharge and trade — turning storage from a static cost centre into a revenue-generating asset.

Distribution Model

Furo sells its software through channel partners rather than directly to end customers alone. Its route to market includes:

• Installers
• Project developers
• Storage manufacturers
• Utilities

This partner-led approach spans Germany and Europe, aligning Furo with the parties that already own the customer relationships in commercial and industrial storage deployments.

Why This Round Matters

Commercial and industrial battery storage is a capital-intensive asset class, and its economics depend heavily on how well the battery is operated. Furo's proposition is that software — forecasting and real-time control plus trading — can materially improve returns on those assets.

The seed round, led by TQ Ventures with participation from Sandberg Bernthal Venture Partners, Neo and CDTM Venture Fund, gives Furo capital to scale its platform and channel reach across European markets.

For acquirers and strategic investors, several attributes stand out:

• Hardware-agnostic positioning: Furo is not tied to a single storage manufacturer, broadening its addressable market across installed and new systems.
• Revenue stack: The platform combines operational optimisation with energy trading, addressing both cost and revenue sides of a storage asset.
• Channel distribution: Selling through installers, project developers, manufacturers and utilities provides leverage into existing European storage deployment networks.
• Market timing: Battery storage buildout across Germany and Europe creates a growing base of assets that need optimisation software.
• Investor syndicate: A lead in TQ Ventures alongside Sandberg Bernthal Venture Partners, Neo and CDTM Venture Fund signals early institutional backing.

The Road Ahead

Furo's opportunity lies in proving that its forecasting and trading software consistently improves storage economics at scale, and in deepening its channel relationships across Germany and Europe. As commercial and industrial storage capacity grows, the software layer that plans, controls and monetises those assets becomes increasingly valuable — and increasingly contested.

With €3.4 million in fresh seed capital, Furo is positioned to expand its platform and partner network in the European energy software market.