Former Meta CTO Mike Schroepfer has closed Gigascale Capital‘s first institutional fund at $250 million, backing more than 25 early-stage companies building energy, materials, and infrastructure systems.
The fund marks Gigascale’s shift from Schroepfer’s personal capital to institutional backing, a signal that deep-tech climate investing is attracting LP conviction at scale even as early-stage climate VC participationfell 11% in 2025.
Climate tech VC investment reached $40.5 billion globally in 2025, up 8% year-on-year, according to Sightline Climate.
Solar went from 40 gigawatts of annual deployment to 600 in a decade, not because it got more virtuous, but because it got cheaper. That logic sits at the centre of Gigascale Capital‘s investment thesis, and it now has $250 million behind it.
Gigascale, founded in 2023 and headquartered in Palo Alto, has closed its first institutional fund. Mike Schroepfer, the firm’s founding partner and Meta’s CTO from 2013 to 2022, built the firm initially on personal capital before this raise. He is joined by General Partner Victoria Beasley and Partner Evaline Tsai. The firm does not publicly disclose headcount.
