Mike Schroepfer's Gigascale Capital has raised a large fund to back founders building climate-friendly solutions for the world's energy and material shortages.

Gigascale is focusing on where constraints are "most acute," like clean energy, automation, grid infrastructure, and supply chains to support them.

Former Meta CTO Mike Schroepfer has closed Gigascale Capital's first institutional fund at $250 million, backing more than 25 early-stage companies.