Gigascale Capital raises $250M Fund I for physical economy startups
Mike Schroepfer's climate investment firm says its first institutional fund will back early-stage founders in energy, grid infrastructure, manufacturing, materials and AI for physical systems.
By Ryan Merket · Published
Primary source: X
Why it matters
Gigascale Capital is betting that hardware and infrastructure startups can again deliver venture-scale outcomes, but the fund is entering categories where technical proof, manufacturing risk and capital needs can punish software-style investing assumptions.
Mike Schroepfer (@schrep), the former Meta Platforms CTO who now invests in climate technology through Gigascale Capital, said on X that the firm has raised Gigascale Capital Fund I, a $250 million first institutional fund to back early-stage founders rebuilding the physical economy.