National Grid’s corporate venturing arm has committed $90m of its $250m initial budget, having backed a total of 12 portfolio companies and three venture capital funds.

National Grid Partners (NGP), the corporate venturing arm of energy supplier National Grid, has now invested a total of $90m from its initial $250m budget, after backing four new portfolio companies and two strategic funds. NGP has become a limited partner in venture capital firm IQ Capital’s third fund, which concentrates on deep tech and…

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