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Varentec

Description

Developer of power electronics equipment for the electric grid. The company offers a technology and direct control grid edge devices to deliver energy savings, electronic-based systems for electric grid and industrial applications.

2002

Founded

PRIVATE

Status

11-50

Employees

Series C

Latest Deal Type

$13M

Latest Deal Amount

$35.8M

Total Amount Raised

Description

Developer of power electronics equipment for the electric grid. The company offers a technology and direct control grid edge devices to deliver energy savings, electronic-based systems for electric grid and industrial applications.

Website:

www.varentec.com

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Electrical Equipment

Other Industries

Electric Utilities

Primary Office

3200 Patrick Henry Drive Santa Clara, CA 95054United States +1 (408) 433-9900
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Varentec Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

Varentec Cap Table

Stock# of Shares
Authorized
Par ValueDividend Rate (%)Original
Issue Price
LiquidationLiquidation
Pref. Multiple
Conversion
Price
% Owned

Varentec Investors (5)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
3M New VenturesCorporate Venture CapitalMinority000 0000000 0000
Gates VenturesOtherMinority000 0000000 0000
Individual InvestorAngel (individual)Minority000 0000000 0000
Khosla VenturesVenture CapitalMinority000 0000000 0000
William GatesAngel (individual)Minority000 0000000 0000
3M New Ventures Corporate Venture Capital
Gates Ventures Other
Individual Investor Angel (individual)
Khosla Ventures Venture Capital
William Gates Angel (individual)

Varentec Executive Team (2)

NameTitleBoard
Seat
Contact
Info
Guillaume DufosseChairman & Chief Executive Officer
Mehrdad HamadaniFounder & Executive Vice President, Engineering and Operations
Guillaume Dufosse Chairman & Chief Executive Officer
Mehrdad Hamadani Founder & Executive Vice President, Engineering and Operations

Varentec Board Members (2)

NameRepresentingRoleSinceContact
Info
Guillaume DufosseVarentecChairman & Chief Executive Officer000 0000
Richard BoyleSelfBoard Member000 0000
Guillaume Dufosse Chairman & Chief Executive Officer Varentec
Richard Boyle Board Member Self
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