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Varentec

Varentec?uq=kzBhZRuG
2002 FOUNDED
PRIVATE STATUS
31-40 EMPLOYEES
Series C LATEST DEAL TYPE
$13M LATEST DEAL AMOUNT
6 INVESTORS
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.

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 95054
  • United States

+1 (408) 000-0000
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Varentec Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Later Stage VC (Series C) 10-Aug-2016 $13M 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 000 00.000 Completed Generating Revenue
2. Grant 01-Nov-2010 $2.2M $1.58M Completed Generating Revenue
1. Early Stage VC (Series A1) 09-Jun-2010 $1.58M $1.58M 00.000 Completed Generating Revenue
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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 23.06%
Series A1 1,573,741 $0.000100 8% $1 $1 1x $1 6.27%
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Varentec Investors (6)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
3M Ventures Corporate Venture Capital Minority 000 0000 000000 0
William Gates Angel (individual) Minority 000 0000 000000 0
Gates Ventures Venture Capital Minority 000 0000 000000 0
Individual Investor Angel (individual) Minority 000 0000 000000 0
Khosla Ventures Venture Capital Minority 000 0000 000000 0
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Varentec Executive Team (7)

Name Title Board
Seat
Contact
Info
Guillaume Dufosse Chairman & Chief Executive Officer
Mehrdad Hamadani Co-Founder & Executive Vice President, Engineering and Operations
Damien Tholomier Executive Vice President, Marketing & Solutions
Michael Jung Vice President, Policy, Government, and Regulatory Affairs

3 Former Executives

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Varentec Board Members (6)

Name Representing Role Since Contact
Info
Bertrand Valdman Ph.D Self Board Member 000 0000
Guillaume Dufosse Varentec Chairman & Chief Executive Officer 000 0000
Paul Centolella Varentec Advisory Board Member 000 0000
Richard Boyle Self Board Member 000 0000
Witold Bik Self Board Member 000 0000

1 Former Board Member

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