Strategy
Geographies
London, United Kingdom
Recent changes
- Jul 1, 2026Jul 1, 2026Invested in Joulent (Strategic investment, $1.75B) Business Wire
- Jul 1, 2026Jul 1, 2026National Grid Invests $1.75B in Joulent to Power US AI Data Centers Pulse story
- Jul 1, 2026Jul 1, 2026Follow-on: Invested in Joulent (Strategic minority investment, $1.75B) Yahoo Finance / National Grid
Portfolio
1 totalRecent Investment Activity
2| Date | Company | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|
| Jul 1, 2026 | Joulent | Strategic investment | $1.75B | ~$5B | outlined = lead | Business Wire |
| Jul 1, 2026 | Joulent | Strategic minority investment | $1.75B | — | outlined = lead | Yahoo Finance / National Grid |
Sector / Stage Activity
By stage (tracked rounds)
Strategic investment
1 · 50%
Strategic minority investment
1 · 50%
Co-Investors
3Latest Pulse
- Jul 6, 2026Growth Capital's New Pecking Order: Power, Chips, Everything ElseThis year's largest checks -- Crusoe, National Grid-Joulent, a16z crypto -- keep going to physical infrastructure and scarce capacity, leaving application-layer software further down the pecking order.→
- Jul 4, 2026Why AI Infrastructure Megarounds Are Swallowing the Series B MarketA string of multi-billion-dollar AI infrastructure raises this year -- Crusoe, Together AI, Quantum Systems, National Grid's Joulent bet -- shows venture capital concentrating in physical AI infrastructure at the expense of traditional Series B-sized rounds.→
- Jul 2, 2026Crunchbase: The Week's 10 Biggest Funding Rounds, Led by Joulent's $1.75B Energy RaiseCrunchbase News' roundup of the week's 10 biggest funding rounds (June 27-July 2) was led by Houston-based energy infrastructure provider Joulent's $1.75 billion raise from National Grid Ventures, aimed squarely at AI and compute-intensive industries' power needs. Together AI's $800M Series C and Venice AI's $65M unicorn round both placed inside the top 10, alongside biotech, legal-tech, sports and video-AI rounds spanning a genuinely broad set of categories beyond pure frontier-model AI.→
- Jul 1, 2026National Grid Invests $1.75B in Joulent to Power US AI Data CentersNational Grid Ventures is investing $1.75 billion for a 35% stake in Joulent, a US platform building contracted power generation and high-voltage infrastructure for data centers, valuing the company at roughly $5 billion and funding a 2.67GW Texas facility.→
Sources & methodologyshow
Where these figures come from
- Business Wireprimary source1 fact
- Yahoo Finance / National Gridresearch database1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.