Key Takeaways
- • 100x100, a Singapore-based climate venture capital firm, has launched Fund II with a $100 million target to build and scale 50 new companies across Southeast Asia and India focused on emissions reduction and climate solutions.
- • The fund employs a venture-building model rather than traditional venture investing, constructing companies from the ground up alongside experienced entrepreneurs rather than funding existing startups.
- • Each portfolio company is designed with a dual-impact thesis: the potential to abate 100 million tons of CO2 equivalent and achieve $100 million in annual revenues at scale.
- • Fund II follows the successful closure of Fund I at its $60 million hard cap in 2023, backed by institutional investors including the US Development Finance Corporation, Singapore Economic Development Board, British International Investment, and family offices.
- • Current portfolio includes three Indian companies targeting bioenergy, efficient cooling, and logistics—sectors identified as critical to addressing regional emissions challenges in India's high-growth economy.
Summary
100x100 has launched its second institutional fund with a $100 million capital target, positioning itself as a dedicated climate venture builder for Southeast Asia and India. Unlike traditional venture capital models that invest in existing companies, 100x100 constructs enterprises from inception, partnering with seasoned entrepreneurs to build climate solutions aligned with regional emissions reduction priorities.
The fund's investment thesis centers on a distinctive dual-impact mandate: each portfolio company must demonstrate potential to abate 100 million tons of CO2 equivalent while achieving $100 million in annual revenues. This metric-driven approach to climate venture building reflects an institutional shift toward quantifiable impact alongside financial returns. The geographic focus on Southeast Asia and India targets approximately 10% of global emissions, according to partner Subhadeep Sanyal, capitalizing on what he characterizes as the convergence of climate urgency, economic momentum, and entrepreneurial talent in these markets.
Fund II builds on the track record of Fund I, which reached its $60 million hard cap in 2023 and attracted a diverse investor base spanning development finance institutions, sovereign wealth vehicles, and family offices. Institutional backers included the US Development Finance Corporation, Singapore Economic Development Board, British International Investment, Triple Jump, and strategic investors such as Kajima Corporation and Beacon Ventures. This investor composition signals institutional confidence in the venture-building model for climate technology deployment in emerging markets.
The fund's existing portfolio includes three Indian companies addressing sectors identified as critical to regional decarbonization: bioenergy, efficient cooling systems, and logistics optimization. These vertical selections reflect targeted identification of emissions-intensive industries where technology deployment can drive meaningful impact at scale. 100x100's positioning as India's first dedicated climate venture builder underscores the market gap it aims to address in translating climate urgency into scalable commercial enterprises.
The fund's investment thesis centers on a distinctive dual-impact mandate: each portfolio company must demonstrate potential to abate 100 million tons of CO2 equivalent while achieving $100 million in annual revenues. This metric-driven approach to climate venture building reflects an institutional shift toward quantifiable impact alongside financial returns. The geographic focus on Southeast Asia and India targets approximately 10% of global emissions, according to partner Subhadeep Sanyal, capitalizing on what he characterizes as the convergence of climate urgency, economic momentum, and entrepreneurial talent in these markets.
Fund II builds on the track record of Fund I, which reached its $60 million hard cap in 2023 and attracted a diverse investor base spanning development finance institutions, sovereign wealth vehicles, and family offices. Institutional backers included the US Development Finance Corporation, Singapore Economic Development Board, British International Investment, Triple Jump, and strategic investors such as Kajima Corporation and Beacon Ventures. This investor composition signals institutional confidence in the venture-building model for climate technology deployment in emerging markets.
The fund's existing portfolio includes three Indian companies addressing sectors identified as critical to regional decarbonization: bioenergy, efficient cooling systems, and logistics optimization. These vertical selections reflect targeted identification of emissions-intensive industries where technology deployment can drive meaningful impact at scale. 100x100's positioning as India's first dedicated climate venture builder underscores the market gap it aims to address in translating climate urgency into scalable commercial enterprises.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.