Former Meta CTO’s Gigascale Raises $250M Fund for AI-Driven Climate Tech
META•Gigascale, led by former Meta CTO Mike Schroepfer, closed a $250 million second fund to back early-stage climate tech startups. The fund will target energy generation, grid infrastructure and critical minerals to capitalize on AI-driven electricity demand.
1. Fundraising Milestone
Gigascale, led by former Meta CTO Mike Schroepfer, has closed a $250 million second fund dedicated to early-stage climate tech ventures. This marks the firm’s first institutional-backed vehicle since Schroepfer founded Gigascale three years ago.
2. Investment Focus
The new fund will back startups rebuilding the physical economy by targeting energy generation, grid infrastructure and critical minerals through a climate tech lens. Schroepfer emphasizes systems that are cheaper, faster and more reliable to drive adoption.
3. AI-Driven Demand
Surging AI workloads have intensified electricity demand, exposing grid bottlenecks and prompting companies to seek on-site power generation solutions such as solar and batteries. This power crunch presents opportunities for startups offering flexible, cost-effective energy systems.
4. Portfolio Highlights
Gigascale’s early bets include Commonwealth Fusion Systems, Heron Power, Mill and Form Energy. These investments reflect the firm’s strategy to back technologies that can scale rapidly and deliver tangible climate impact.
