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

Gigascale, founded by former Meta CTO Mike Schroepfer, closed a $250 million second fund.

The fund will back climate tech startups rebuilding physical infrastructure, with a focus on energy, grid infrastructure, and critical minerals.

Gigascale already supports companies including Commonwealth Fusion Systems, Heron Power, Mill, and Form Energy.

The raise reflects growing investor attention on power and industrial infrastructure as AI and electrification boost electricity demand.