Zigging when most are zagging, ex-Meta CTO raises $250M climate fund
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Gigascale Capital, the venture firm led by former Meta CTO Mike Schroepfer, has raised a $250 million second fund focused on climate tech — specifically energy, grid infrastructure, and critical minerals. The fund bucks the current trend of investor skepticism toward climate tech, doubling down on the thesis that clean energy solutions can win on economic merits. Portfolio companies include Commonwealth Fusion Systems, Heron Power, Mill, and Form Energy. The fund's early-stage focus is partly driven by AI's surging electricity demand, which Schroepfer sees as creating new opportunities for startups that can deliver cheaper, faster, or more flexible power.
