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Varentec

Description

Developer of a power electronics equipment designed to help realize a resilient, robust, efficient and affordable electrical distribution system of the future. The company's power electronics equipment operates on technology and direct control grid edge devices to deliver energy savings, electronic-based systems for electric grid and industrial applications, enabling utilities to enhance and transform their power delivery infrastructure, while keeping costs low.

2002

Founded

PRIVATE

Status

11-50

Employees

Series C

Latest Deal Type

$13M

Latest Deal Amount

$31.8M

Total Amount Raised

Description

Developer of a power electronics equipment designed to help realize a resilient, robust, efficient and affordable electrical distribution system of the future. The company's power electronics equipment operates on technology and direct control grid edge devices to deliver energy savings, electronic-based systems for electric grid and industrial applications, enabling utilities to enhance and transform their power delivery infrastructure, while keeping costs low.

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 (3)

    NameTitleBoard
    Seat
    Contact
    Info
    Guillaume DufosseChairman & Chief Executive Officer
    Mehrdad HamadaniCo-Founder & Executive Vice President, Engineering and Operations
    Damien TholomierExecutive Vice President, Marketing & Solutions
    Guillaume Dufosse Chairman & Chief Executive Officer
    Mehrdad Hamadani Co-Founder & Executive Vice President, Engineering and Operations
    Damien Tholomier Executive Vice President, Marketing & Solutions

    Varentec Board Members (4)

    NameRepresentingRoleSinceContact
    Info
    Bertrand Valdman Ph.DSelfBoard Member000 0000
    Guillaume DufosseVarentecChairman & Chief Executive Officer000 0000
    Richard BoyleSelfBoard Member000 0000
    Witold BikSelfBoard Member000 0000
    Bertrand Valdman Ph.D Board Member Self
    Guillaume Dufosse Chairman & Chief Executive Officer Varentec
    Richard Boyle Board Member Self
    Witold Bik Board Member Self
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