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

Add comment

Please Sign in to be able to leave comments.