Climate focused venture capital 100x100 launches $100 million fund to create 50 high impact companies in SE Asia and India
Every 100x100-built company is expected to have the potential to abate 100 million tons of carbon dioxide equivalent and achieve $100 million in annual revenues.
Singapore based climate focused venture capital fund 100x100 has launched its second fund (Fund II) targeting $100 million to create and scale 50 high-impact, high-growth companies from the ground up in Southeast Asia and India to address the planet’s most pressing emissions challenges.
Every 100x100-built company is expected to have the potential to abate 100 million tons of carbon dioxide equivalent and achieve $100 million in annual revenues. Rather than funding existing startups, 100x100 works alongside experienced entrepreneurs to build companies.
The Fund’s current portfolio companies include three Indian firms that targets critical areas like bioenergy, efficient cooling and logistics.
"India is where climate urgency, economic momentum and exceptional entrepreneurial talent converge, and where companies that can deliver on that promise are still waiting to be built. That convergence is exactly what our venture building model is designed for. Together with Southeast Asia, we can target 10% of global emissions and through our venture building pathway we want to create some of the most compelling investment opportunities which can scale. In the Indian context, being the first dedicated climate venture builder, we see the opportunity to make a difference in a real sense for a market that has so much to offer" , Subhadeep Sanyal, partner, 100x100 said.
The launch of Fund II follows the success of the firm’s initial fund, which hit its hard cap at $60 million in 2023, and attracted backing from institutional, strategic and family office investors, including the US Development Finance Corporation (DFC) Singapore Economic Development Board (EDB), British International Investment (BII), Triple Jump, Qarlbo Energy, JG Digital Equity Ventures, Kajima Corporation and Beacon Ventures. Since then, the firm has co-founded 27 companies across eight countries, maintaining a portfolio survival rate nearly double the median venture capital average.100x100 holds significantly higher equity stakes than traditional VCs, while its portfolio companies operate at 1.5x greater capital efficiency, positioning Fund I to be on track for top-quartile performance.
"We believe that solving the world's most pressing emissions challenges also represents a significant economic opportunity. Our name reflects our conviction that profit and carbon reduction are not a trade-off, but a multiplier. With Fund II, we are doubling down on a demonstrated strategy with a platform that is ready-to-go",Marie Cheong, founding partner, 100x100 said.
To date, 100x100’s Fund I portfolio companies have raised over $28 million from 16 external investors, and the majority have generated revenue in less than six months of launch.