# Varentec

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/varentec

- Industry: Electronics
- Headquarters: Frisco, US
- Website: www.varentec.com
- Total disclosed funding: $37M
- Latest round: Series C (Nov 8, 2019)
- Investors on record: 3

## About

Founded in 2009 by Bill Gates, Khosla Ventures, and  3M, and based in Texas, US, Varentec, Inc. is led by Guillaume Dufossé and it operates as a developer of electronics equipment for industrial applications and electric grid solutions. 
In November 2019, Varentec, Inc. raised USD 5 million in growth funding led by new investor WindSail Capital Group.

The company products and solutions features include grid edge support, peak demand reduction, energy savings, grid edge volt-VAR control, and high PV penetration. Grid edge control solutions - ENGO® (Edge of Network Grid Optimization) hardware and GEMS® (Grid Edge Management System) software for municipal utilities, cooperatives, and investor-owned utilities augment standard grid modernization systems, enhance energy and demand savings, and boost DER hosting capacity. 

Varentec, Inc. will use its funds raised in 2019 to accelerate the adoption of its Grid Edge Control solution.

## Funding rounds

- Series C, Nov 8, 2019, $5M — Khosla Ventures, 3M Ventures
- Series C, Nov 13, 2015, $13M — Khosla Ventures, 3M Ventures
- Series B, Jun 10, 2014, $3M — Khosla Ventures, Bill & Melinda Gates Foundation
- Series B, Sep 12, 2013, $8.1M — Khosla Ventures
- Series A, Sep 13, 2011, $6.1M — Khosla Ventures
- Series A, Jun 9, 2010, $1.6M — Khosla Ventures

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A, Series B, Series C
- Bill & Melinda Gates Foundation — Series B
- 3M Ventures (https://capitalatlas.ai/funds/3m-ventures) — Series C