Startups
Varentec provides products and solutions that achieve smarter power delivery for its customers. The company builds power management and monitoring solutions for the electric grid.
Overview
Location
United States, California, Santa Clara
Total raised
$33.7M
Investors 1
| Date | Name | Website |
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Funding Rounds 4
| Date | Series | Amount | Investors |
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| Nov 14, 2015 | Series C round | $13M | |
| Sep 30, 2013 | Series B round | $8M | |
| Jan 18, 2012 | Series A round | $7.7M |
Mentions in press and media 13
| Date | Title | Description |
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| Nov 8, 2019 | Bill Gates-backed cleantech startup Varentec raises $5 million to provide smarter power delivery to customers | Varentec, a cleantech startup backed by Bill Gates and Khosla Ventures, has secured $5 million in growth funding to accelerate new commercial deployments of its grid edge control technology. The round was led by WindSail Capital Group, a Bo... |
| Nov 8, 2019 | Varentec Raises $5M in Growth Funding | Varentec, a Santa Clara, CA-based provider of grid-edge intelligence and control solutions, raised $5m in funding. The round was led by WindSail Capital Group. The company intends to use the funds to accelerate new commercial deployments of... |
| Nov 8, 2019 | Varentec Secures $5M in Growth Funding | SANTA CLARA, CA, Varentec announced today a growth capital raise of $5 million led by WindSail Capital Group. >> Click here for more funding data on Varentec >> To export Varentec funding data to PDF and Excel, click here ... |
| Aug 10, 2016 | Varentec Closes Series C Funding Round | Varentec, a Santa Clara, Calif.-based provider of Grid Edge Volt VAR control solutions, closed its Series C funding round. Backers included existing investors 3M Ventures, Bill Gates and Khosla Ventures. The company intends to use the funds... |
| Feb 13, 2016 | Unscaling Energy | Hemant Taneja Contributor More posts by this contributor The tech industry needs to move towards responsible innovation in 2018 Why pulling out of Paris Accord damages America’s economic future Solving climate change is the biggest opportun... |
| Nov 16, 2015 | Daily funding roundup - November 16, 2015 | Signostics secured $35M; LoveCrafts raised $20M; Varentec landed $13M Wellmo, a Helsinki, Finland-based mobile solution to run digital health programs, raised €1 million (approximately $1.8 million) in seed funding. The backers remained und... |
| Nov 14, 2015 | Varentec Raises $13M in First Closing of Series C Financing | Varentec, a Santa Clara, CA-based provider of grid edge Volt-VAR control solutions, raised $13m in the first closing of its Series C financing. The round was led by 3M New Ventures, with participation from existing investors Bill Gates and ... |
| Sep 30, 2013 | Varentec Raises $8M in Series B Funding | Varentec, a San Jose, California-based provider of power control solutions for the electric grid, raised $8m in Series B funding. Backers included Bill Gates and Khosla Ventures. The company intends to use the funds for the production rollo... |
| Sep 30, 2013 | Bill Gates helps Varentec raise $8M to run the decentralized power grid of the future | We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! Power management company Varentec has raised anot... |
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FAQ about Varentec
How much funding has Varentec raised?
Varentec has raised $33.7M in total across 4 funding rounds.
What funding rounds has Varentec raised?
Parsers VC lists 4 funding rounds of Varentec, among them a Series C round of $13M on Nov 14, 2015, a Series B round of $8M on Sep 30, 2013 and a Series A round of $7.7M on Jan 18, 2012.
What has the press written about Varentec?
Parsers VC has collected 13 articles mentioning Varentec, among them “Bill Gates-backed cleantech startup Varentec raises $5 million to provide smarter power delivery to customers” (Nov 8, 2019) and “Varentec Raises $5M in Growth Funding” (Nov 8, 2019).
Is Varentec still active?
Yes, Varentec is active; its latest activity on Parsers VC dates from Nov 12, 2019.