Key Takeaways
- • 100×100 is raising $100 million for its second fund, a 67% increase from its debut vehicle which closed at a $60 million hard cap in 2023.
- • Fund II will focus on co-founding 50 new climate technology startups across Southeast Asia and India, targeting the region's emerging green tech ecosystem.
- • The fund represents significant capital deployment expansion for the firm, doubling down on its climate technology thesis in high-growth emerging markets.
Summary
100×100, a venture capital firm focused on climate technology startups, is pursuing a $100 million target for its second institutional fund, marking a substantial scaling of its investment capacity. This represents a material increase from Fund I, which reached its hard cap of $60 million in 2023 and established the firm's track record in the climate tech space.
The firm's strategy for Fund II centers on co-founding approximately 50 new climate-focused technology startups across Southeast Asia and India. This approach—actively co-founding rather than passively investing—positions 100×100 as an operator-backed venture platform rather than a traditional limited partner fund. The geographic focus on Southeast Asia and India reflects growing investor appetite for climate technology solutions in emerging markets with rapidly expanding energy demands and climate-related policy tailwinds.
The fund's mission aligns with broader institutional investor interest in ESG-focused venture capital, particularly in regions where climate adaptation and emissions reduction present both urgent challenges and significant commercial opportunities. The 50-startup target across two geographic regions (Southeast Asia and India) suggests a portfolio approach balancing deployment velocity with selective thesis-driven investing.
The firm's strategy for Fund II centers on co-founding approximately 50 new climate-focused technology startups across Southeast Asia and India. This approach—actively co-founding rather than passively investing—positions 100×100 as an operator-backed venture platform rather than a traditional limited partner fund. The geographic focus on Southeast Asia and India reflects growing investor appetite for climate technology solutions in emerging markets with rapidly expanding energy demands and climate-related policy tailwinds.
The fund's mission aligns with broader institutional investor interest in ESG-focused venture capital, particularly in regions where climate adaptation and emissions reduction present both urgent challenges and significant commercial opportunities. The 50-startup target across two geographic regions (Southeast Asia and India) suggests a portfolio approach balancing deployment velocity with selective thesis-driven investing.
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