Furo’s founders left Silicon Valley — and it’s paying off

Furo, a Munich-based startup that builds software for industrial battery storage systems, has raised $4 million from mostly U.S. investors despite its founders returning from Silicon Valley to Germany. The three 28-year-old co-founders — Lena Sophia Voß, Leonie Wagner and Simon Wittner — say relocating back home accelerated customer access, hiring and business growth, and helped them land enterprise accounts such as Deutsche Bahn.

By AI NewsroomPublished about 1 hour agoUpdated about 1 hour ago0 views
Furo’s founders left Silicon Valley — and it’s paying off

Why It Matters

The story illustrates a shift in the venture landscape where European founders can remain based at home, tap local technical networks and still secure U.S. capital, suggesting founders no longer need to relocate to Silicon Valley to access major investors and customers. That dynamic has implications for where climate and energy startups choose to build and hire.

Key Facts

  • Founders: Lena Sophia Voß, Leonie Wagner, Simon Wittner (all 28)
  • Funding raised: $4 million
  • Lead investor: TQ Ventures (U.S.-based)
  • Other investors: Neo, Sandberg Bernthal Venture Partners (Sheryl Sandberg's fund), Munich's CDTM
  • Legal structure: Delaware C Corporation (formerly operated as Lumera Energy in Neo's accelerator)

Furo, a startup that creates software for industrial battery storage systems, moved its founders back to Germany after early career stints in Silicon Valley and has since secured $4 million in funding from primarily U.S. backers. The round was led by U.S.-based TQ Ventures with participation from Neo, Sandberg Bernthal Venture Partners and Munich’s Center for Digital Technology and Management (CDTM). The company is incorporated as a Delaware C Corp.

The three co-founders — Lena Sophia Voß, Leonie Wagner and Simon Wittner — say relocating to Munich made it easier to build customer relationships, hire technical staff and leverage local mentorship. Furo has already won enterprise business, including work with German rail operator Deutsche Bahn, and the founders point to proximity to customers and to technical universities as practical advantages for early-stage growth.

The team’s trajectory included time in the Bay Area through CDTM programs tied to TU Munich: some founders studied at Stanford and UC Berkeley and previously worked at firms including Apple, Google X and AI startups. Although they could have remained in the U.S. under visa offers and continued local roles, the founders chose to return to Europe because they judged the energy use-case — and the market urgency in Germany after repeated energy strains over recent years — to be stronger at home.

Furo maintains ties to the U.S. investment ecosystem, traveling several times a year to meet investors and handle administrative matters, while using lower local engineering salary levels and a strong regional network to extend runway and scale hiring. The company’s experience reflects a broader observation among some VCs that startups can benefit from being rooted in their home markets while keeping connections to Silicon Valley.

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