Lisa Lambert, founding president of National Grid's open innovation and CVC arm since 2018 and a multiple GCV Powerlist entrant, has exited from the company.

Headshot of Lisa Lambert

Lisa Lambert has departed from her position as president of electric utility National Grid’s corporate venture and open innovation arm, National Grid Partners (NGP).

A five-time GCV Powerlist entrant, Lambert joined National Grid in 2018 and launched NGP with $250m in capital later that year, later taking on the role of chief technology and innovation officer for the group.

The unit has since built a 45-strong portfolio that includes unicorns Dragos, an infrastructure protection startup valued at $1.7bn two years ago, and conversational AI platform Uniphore, which achieved a $2.5bn valuation last year.

NGP’s startup investments are led by Pradeep Tagare as head of corporate venture investing. He was part of the unit’s founding team in 2018.

Lambert’s entry into corporate VC was at Intel Capital, during a 19-year stint at its parent company chipmaker, where she launched and ran the unit’s Diversity Equity Fund. She then spent two years at VC firm Westly Group before heading to National Grid.

Robert Lavine

Robert Lavine is special features editor for Global Venturing.