Varentec, describes itself as a company that offers innovative solutions for enhancing power distribution by reimagining conventional methods and overcoming traditional limitations to achieve more intelligent power delivery. Founded in 2002, the company operates in the Energy and Manufacturing industries. Its slogan emphasizes the commitment to providing innovative power solutions through forward-thinking approaches and breaking traditional barriers. The startup has attracted backing from notable investors including Bill Gates and Khosla Ventures, as well as support from the Department of Energy. Notably, Varentec secured a $5.00M Venture Round investment on 08 November 2019, with WindSail Capital participating as the lead investor. Overall, Varentec stands out as a promising player in the energy sector, leveraging innovative approaches and garnering support from influential industry figures and investors.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | $5.00M | 1 | 08 Nov 2019 | |
Grant | Unknown | - | 31 Jan 2017 | |
Venture Round | Unknown | 1 | 01 Nov 2016 | |
Series C | $13.00M | 3 | Bill Gates, 3M New Ventures | 14 Nov 2015 |
Debt Financing | $4.00M | 1 | 24 Sep 2014 |
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