$4m · Other round · Software · Munich, Germany
Munich-based Furo has raised $4m in a funding round led by TQ Ventures, with participation from Neo, Sandberg Bernthal Venture Partners and CDTM Venture Capital. The company, formerly known as Lumera Energy, will use the capital to develop its software, expand into more European markets and grow its team.
Furo builds software for commercial and industrial battery storage. Its platform forecasts electricity prices, weather and site consumption, then coordinates when batteries charge, discharge or sell spare capacity into energy markets. Furo says the product is distributed through more than 800 installers, developers, storage manufacturers and utilities and is live at over 5,000 industrial sites.
Distribution makes optimisation software more valuable
Battery economics depend on coordinating several uses of the same asset: reducing demand peaks, increasing self-consumption, trading around price movements and reserving capacity for backup. Static controls leave those decisions isolated. Furo's proposition is to sequence them against changing market and site conditions, so customers can judge storage by financial performance rather than installed capacity alone.
The channel model matters commercially. Selling through installers, manufacturers and utilities places the software inside existing project workflows, lowering the cost of reaching industrial customers. A larger installed base can also produce more operating data across tariffs, assets and load profiles, improving the evidence partners use to sell future projects. The funding therefore supports both product development and the distribution network needed to turn optimisation into repeatable deployments.
