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Former Meta CTO raises $250 million for climate tech as the rest of venture capital chases AI

https://media.thenextweb.com/2026/06/gigascale-capital-250m-climate-fund-meta-cto-schroepfer.avif

TL;DR

Former Meta CTO Mike Schroepfer’s Gigascale Capital raised a $250 million fund focused on energy, grid infrastructure, and critical minerals startups. The fund bets that AI’s energy demands will make clean power startups the real winners of the AI boom.

Gigascale Capital, the venture firm led by former Meta chief technology officer Mike Schroepfer, has raised a $250 million fund to invest in energy, grid infrastructure, and critical minerals startups. The fund, announced on Monday, is Gigascale’s second and its first to include institutional investors. It arrives as most of the venture capital industry has pivoted away from climate tech and toward AI, making Schroepfer’s continued bet on the physical economy a deliberate contrarian move.

“The companies we back win because they’re cheaper, faster, and more reliable,” Schroepfer said. “Climate impact is the result of better-performing systems.” The framing is notable: Gigascale is positioning...

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