Mike Schroepfer, former Facebook CTO, is launching a climate venture capital investment firm called Gigascale Capital. Schroepfer is personally motivated to fight climate change and believes that the industry is at an inflexion point. He has previously invested in over a dozen climate startups as an angel investor and has codified and formalized his investment work with the launch of Gigascale Capital.
The firm is interested in companies that offer a combination of significant climate impact and the ability to make money. Schroepfer believes that capitalism is a necessary tool to help solve climate change and hopes to see more investors join him in the space. The team includes climate investors Victoria Beasley and Evaline Tsai, and the pool of talented people looking to dedicate their careers to climate is giving the team confidence. All the money for Gigascale is coming from Schroepfer’s family office, and he hopes to see billions, tens of billions of dollars of more investment in the climate tech space.
