Varentec Lands $13,000,000 Series C Financing

  • Feed Type
  • Date
    11/16/2015
  • Company Name
    Varentec
  • Mailing Address
    3200 Patrick Henry Drive Santa Clara, CA 95054 USA
  • Company Description
    Varentec is developing technology at the intersection of power electronics and the grid to deliver critical new functionality that can help utilities enhance and transform their power delivery infrastructure, while keeping costs low.
  • Website
    http://www.varentec.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $13,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    The financing round will fund Varentec’s expansion of its software applications and real-time advanced power electronics capabilities, as well as the international deployment of the company’s GEMS™ software platform and ENGO™ grid edge control devices.
  • M&A Terms
  • Venture Investor
    3M Corporation
  • Venture Investor
    Investor
  • Venture Investor
    Khosla Ventures