Former Meta engineering chief raises $250M for climate fund

Gigascale Capital, founded by Mike Schroepfer, has raised a $250 million fund to support climate-friendly solutions to global energy and material scarcity challenges. The investment strategy stands out against current market trends.

Gigascale Capital, the venture capital firm founded by former Meta engineering chief Mike Schroepfer, has successfully raised a $250 million investment fund. The fund aims to support entrepreneurs developing climate-friendly solutions to the world's growing energy and raw material shortages.

Gigascale Capital's strategy stands out against the broader industry trend: at a time when many investors are pulling back from climate technology, Schroepfer's fund is committing significant capital to the sector. The fund plans to support startups that are revolutionizing energy production, storage, and materials manufacturing.

Schroepfer worked as engineering chief at Meta (formerly Facebook) for over a decade and left the company in 2022. Since his departure, he has been actively involved in climate investment, seeing it as one of the most critical challenges facing humanity today. With the $250 million fund, Gigascale Capital joins other major investors who believe that climate technology will be one of the most promising investment sectors in the coming decade.