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Munich’s Furo raises $4M in a funding round led by TQ Ventures to optimize commercial battery storage with AI.

PRIVATESep 11, 2026•about 4 hours ago

Amount Raised

$4 Million

Round Type

Seed

Munich

Investors

Cdtm Venture CapitalNeoSheryl Sandberg’s FundTq Ventures

Description

Furo, based in Munich, has raised $4 million in a funding round led by TQ Ventures, with participation from Sheryl Sandberg’s fund. The company’s software optimizes battery operations at over 6,000 industrial sites. This funding will help address the increasing demand for power as more AI data centers are constructed in Europe. The round also saw contributions from Neo and CDTM Venture Capital.

Company Information

Company

Furo

Location

Munich, Bavaria, Germany

About

Furo, formerly known as Lumera Energy, produces software that optimizes commercial battery storage operations in real-time. Founded in 2025 as a spin-off from the Technical University of Munich, Furo's solutions enhance energy trading and control by predicting prices and weather up to 48 hours in advance. The company serves over 6,000 industrial sites, aiming to lower electricity costs for its clients across Europe. Furo distinguishes itself by covering the full lifecycle of battery management, from planning to live trading.

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Furo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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