Furo secures €3.44 million to fund industrial battery storage software expansion
Munich startup Furo raised funding from TQ Ventures and others to develop AI-driven software for optimizing commercial energy costs.
Munich-based company Furo has closed a €3.44 million financing round to accelerate the development of software designed for industrial battery storage systems. The funds will support further technical improvements, expansion into more European markets, and hiring. TQ Ventures led the investment, joined by Sandberg Bernthal Venture Partners, Neo, and CDTM Venture Capital.
Lena Sophia Voß, co-founder of Furo, noted that customers require software to reduce electricity bills rather than owning hardware itself. Her company focuses on controlling and optimizing storage for commercial and industrial users. The platform forecasts power prices and weather conditions up to 48 hours in advance, adjusts storage operations in real time, and markets unused capacity in energy trading.
Founded in 2025 by Voß and two others after meeting at a joint master's program in Munich, the firm addresses rising global demand from artificial intelligence data centers. Company representatives state that this surge impacts energy-intensive industrial firms most severely, particularly in Germany where electricity prices remain among the highest worldwide.
