Founded 2018, Silicon Valley-based CVC arm of National Grid plc. £450m+ deployed across 89 investments (as of Dec 2025). Portfolio: 4 unicorns (Uniphore, GoCardless, SparkCognition, others); 8 exits incl. Urbint (£290m), Dragos, AutoGrid. Team: 11 staff (3 partners). Value-add: 80%+ portfolio active w/ National Grid units; NextGrid Alliance (120+ utilities); rapid scaling path; co-investment w/ strategic partners.
Investment Focus
Investment Thesis
Energy infrastructure CVC investing Series A-C. Checks £2-20m (avg £12-65m depending on stage). Focus: grid modernisation, AI/software for utilities, clean energy, EV charging, cybersecurity, digital twins, asset inspection, energy forecasting. Strong strategic link to parent utility. Emphasis on rapid utility deployment & commercial traction. Lead investor 50%+ of deals. Avoids early seed.
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