Former Meta CTO Mike Schroepfer has raised $250 million for a new climate-focused investment fund aimed at supporting startups developing technologies to combat climate change, according to techcrunch.com. The fund, announced this week, targets early-stage companies working on solutions in energy, agriculture, and carbon removal.
The fund was established after Schroepfer left Meta in 2023 to focus on climate innovation. It attracted commitments from institutional investors and family offices, with the goal of deploying capital over the next five years. Schroepfer emphasized the urgency of climate issues and the need for technology-driven approaches to reduce emissions and promote sustainability.
This fund joins a growing number of venture capital efforts dedicated to climate tech, a sector that has seen increasing investor interest amid global decarbonization efforts. Comparable funds include Breakthrough Energy Ventures and Lowercarbon Capital, which have backed companies in clean energy and carbon capture. Schroepfer’s fund aims to fill gaps in early-stage funding for breakthrough climate technologies.
The $250 million fund plans to make its first investments by the end of 2026, focusing on startups with scalable solutions that can significantly impact carbon reduction. Schroepfer’s leadership and Meta background bring attention to the fund’s potential influence in accelerating climate technology innovation.