Varentec Overview
- Year Founded
-
2008
- Status
-
Acquired/Merged
- Employees
-
26
- Latest Deal Type
-
M&A
- Investors
-
1
Varentec General Information
Description
Developer of power electronics equipment designed to create a resilient and affordable electrical distribution system for the future. The company's platform provides power electronics equipment that operates on technology and controls grid-edge devices to deliver energy savings, electronic-based systems for the electric grid, and industrial applications, enabling users to enhance and transform their power delivery infrastructure, while keeping costs low.
Contact Information
Website
www.varentec.comCorporate Office
- 2010 El Camino Real
- Suite 2054
- Santa Clara, CA 95050
- United States
Corporate Office
- 2010 El Camino Real
- Suite 2054
- Santa Clara, CA 95050
- United States
Varentec Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 11. Merger/Acquisition | 10-Feb-2021 | 000.00 | Completed | Generating Revenue | ||
| 10. Later Stage VC (Series C) | 30-Oct-2019 | 000 | 000.00 | 000.00 | Completed | Generating Revenue |
| 9. Accelerator/Incubator | 000.00 | Completed | Generating Revenue | |||
| 8. Grant | 31-Dec-2016 | 000 | 000.00 | Completed | Generating Revenue | |
| 7. Later Stage VC (Series C) | 10-Aug-2016 | 0000 | 000.00 | 000.00 | Completed | Generating Revenue |
| 6. Debt - General | 24-Sep-2014 | 000 | 000.00 | Completed | Generating Revenue | |
| 5. Later Stage VC (Series B) | 10-Jun-2014 | 000.00 | 000.00 | 0000 | Completed | Generating Revenue |
| 4. Early Stage VC (Series A2) | 19-Jan-2012 | 00.000 | 00.000 | 0000 | Completed | Generating Revenue |
| 3. Grant | 01-Oct-2011 | $5M | $1.58M | Completed | Generating Revenue | |
| 2. Grant | 01-Nov-2010 | $2.2M | $1.58M | Completed | Generating Revenue |
Varentec Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series C | 00,000,000 | 00.000000 | 00 | 00.00 | 00.00 | 00 | 00.00 | 00.000 |
| Series B | 0,000,000 | 00.000000 | 00 | 00.00 | 00.00 | 00 | 00.00 | 00.000 |
| Series A2 | 5,787,998 | $0.000100 | 8% | $1.3 | $1.3 | 1x | $1.3 | 20.85% |
| Series A1 | 1,573,741 | $0.000100 | 8% | $1 | $1 | 1x | $1 | 5.67% |
Varentec Comparisons
Industry
Financing
Details
00000
Varentec Competitors (1)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Smart Wires Technology | Formerly VC-backed | Durham, NC | 000 | 00000 | 000000000 | 00000 |
Varentec Patents
Varentec Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| EP-3387729-A1 | Controlling demand and energy through photovoltaic inverters delivering vars | Inactive | 09-Dec-2015 | 00000000 | |
| EP-3387729-A4 | Controlling demand and energy through photovoltaic inverters delivering vars | Inactive | 09-Dec-2015 | 00000000 | 0 |
| US-20160365727-A1 | System for cancelling fundamental neutral current on a multi-phase power distribution grid | Inactive | 10-Jun-2015 | 00000000 | 0 |
| EP-3070804-A1 | Systems and methods for edge of network voltage control of a power grid | Inactive | 16-Mar-2015 | 0000000000 | 0 |
| US-20150349629-A1 | Multi-function power regulator for prioritizing functions and allocating resources thereof | Active | 28-May-2014 | H02M3/04 | 0 |
Varentec Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
15.0K
Majestic Referring Domains
314
Varentec Former Investors (7)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| 3M Ventures | Corporate Venture Capital | Minority | 000 0000 | 000000 0 |
| Elemental Excelerator | Accelerator/Incubator | Minority | 000 0000 | 000000 0 |
| Gates Ventures | Venture Capital | Minority | 000 0000 | 000000 0 |
| Khosla Ventures | Venture Capital | Minority | 000 0000 | 000000 0 |
| Square 1 Bank | Investment Bank | Minority | 000 0000 | 000000 0 |
Varentec FAQs
-
When was Varentec founded?
Varentec was founded in 2008.
-
Who is the founder of Varentec?
Deepak Divan Ph.D, Mehrdad Hamadani, Andrew Dillon, and David Romero are the founders of Varentec.
-
Where is Varentec headquartered?
Varentec is headquartered in Santa Clara, CA.
-
What is the size of Varentec?
Varentec has 26 total employees.
-
What industry is Varentec in?
Varentec’s primary industry is Electrical Equipment.
-
Is Varentec a private or public company?
Varentec is a Private company.
-
What is Varentec’s current revenue?
The current revenue for Varentec is 00000.
-
How much funding has Varentec raised over time?
Varentec has raised $36.8M.
-
Who are Varentec’s investors?
3M Ventures, Elemental Excelerator, Gates Ventures, Khosla Ventures, and Square 1 Bank are 5 of 7 investors who have invested in Varentec.
-
Who are Varentec’s competitors?
Smart Wires Technology is a competitor of Varentec.
-
When was Varentec acquired?
Varentec was acquired on 10-Feb-2021.
-
Who acquired Varentec?
Varentec was acquired by Sentient Energy.
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