Gigascale Capital raises a $250 million climate-tech fund led by a former Meta CTO. The fund plans to invest in startups working on energy, grid infrastructure, and critical minerals, while much of venture capital focuses on AI.
Gigascale, led by former Meta CTO Mike Schroepfer, raises a $250 million fund to back founders rebuilding the physical economy. It targets energy, grid infrastructure, and critical minerals, while also considering physical AI opportunities. The fund continues Gigascale’s climate-tech strategy and is its first early-stage fund to include institutional investors; the firm’s past investments include Commonwealth Fusion Systems, Heron Power, Mill, and Form Energy.
Gigascale Capital announces its first institutional fund and describes its approach to backing founders rebuilding the physical economy. Its investment focus spans energy, factories, supply chains, and infrastructure.
Gigascale Capital names John Lilly, a former Greylock partner, as an advising partner. The appointment adds his venture and operating experience to the firm's work with portfolio companies.
