NGG - National Grid Partners raises $150M to invest in energy IT crossovers

National Grid ([[NGG]] +1.2%) says its venture capital arm has raised $150M in fresh capital to invest in startups at the intersection of energy and information technology.The funding comes three years after the investment division raised $250M to try to disrupt the energy business, and National Grid Partners has since invested $227M into 29 startups in two and a half years.NGP also says it invested $7.5M in two Silicon Valley companies that help enterprise customers protect physical and cyber infrastructure.NGP says it has led more than 60% of its startup investment rounds, with two M&A exits.

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National Grid Partners raises $150M to invest in energy, IT crossovers