Ex-Meta CTO Mike Schroepfer's Gigascale Capital raises $250M climate tech fund
By
Tim De Chant
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Summary
Gigascale Capital, the venture firm founded by former Meta CTO Mike Schroepfer, has raised a $250 million second fund focused on climate tech investments. The fund will back founders working on energy, grid infrastructure, and critical minerals — areas Schroepfer describes as "rebuilding the physical economy." This move goes against the current trend of VC firms pulling back from climate tech, positioning Gigascale as a contrarian investor in the space.
Key quotes
· 3 pulledGigascale is bucking conventional wisdom which has soured on the 'climate tech' thesis.
The new fund will focus on energy, grid infrastructure, and critical minerals all through the lens of climate tech.
Gigascale, the venture firm led by former Meta CTO Mike Schroepfer, announced on Monday that it had raised a $250 million fund to back founders who are 'rebuilding the physical economy.'
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