Key facts
- Gigascale Capital raised $250 million for its second fund.
- The fund will invest in energy, grid infrastructure, and critical minerals startups.
- This is Gigascale's first fund to include institutional investors.
- Mike Schroepfer, former Meta CTO, leads Gigascale Capital.
The venture capital landscape has seen a significant shift towards artificial intelligence investments. This trend has led many firms to reallocate resources and focus away from other sectors. Gigascale Capital's new fund highlights a continued, albeit less dominant, interest in climate technology, emphasizing the need for investment in areas critical to environmental sustainability and energy infrastructure.