Zigging when most are zagging, ex-Meta CTO raises $250M climate fund

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.”

The new fund will focus on energy, grid infrastructure, and critical minerals all through the lens of climate tech. By continuing with the overt climate focus, Gigascale is bucking conventional wisdom which has soured on the “climate tech” thesis.