National Grid unveils $250M corporate venture capital arm32.87

National Grid, the Northeast’s natural gas and electricity company, is planting a flag in Silicon Valley with the launch of National Grid Partners.

Led by former Intel Capital vice president and managing director Lisa Lambert, NGP has $250 million to invest in growth-stage technology startups over the next two to three years. Based in Las Gatos, NGP plans to invest in 10 to 15 startups per year.

Original source
https://techcrunch.com/2018/11/08/national-grid-unveils-250m-corporate-venture-capital-arm/

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