New Delhi, July 02, 2026: Climate venture builder and fund 100x100 has announced the launch of its second fund (Fund II), targeting US$100 million to co-create and scale 50 new companies focused on reducing emissions across high-impact sectors in India and Southeast Asia.
The firm, launched by the team that co-founded Wavemaker Impact, operates a venture-building model distinct from traditional venture capital. Rather than investing in existing startups, 100x100 works alongside experienced entrepreneurs to build companies from scratch, targeting sectors including energy, food, materials, and supply chains. Each company built under the model is designed with the potential to abate 100 million tonnes of CO2 equivalent and achieve US$100 million in revenue.
Fund II follows the firm's debut fund, which closed at its hard cap of US$60 million in 2023, attracting backing from investors including the US Development Finance Corporation, Singapore Economic Development Board, British International Investment, and Kajima Corporation, among others. Since then, 100x100 has co-founded 27 companies across eight countries, with a portfolio survival rate nearly double the venture capital median. Fund I portfolio companies have collectively raised over US$28 million from 16 external investors, with the majority generating revenue within six months of launch.
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India is a central focus for Fund II. The country contributes 4.1 Gt of CO2 equivalent annually and, while it has surpassed its 2030 NDC target on non-fossil installed power capacity, renewables account for only 15% of actual power generation — a gap the firm sees as an opportunity. 100x100 has already co-built three companies in India over the past ten months, targeting bioenergy, efficient cooling, logistics, and agriculture.
A notable example from its existing portfolio is Rize, which reduces methane emissions in rice cultivation. The company generated US$11 million in revenue in 2025, growing at 550% year-on-year while improving livelihoods for over 40,000 smallholder farmers.
Subhadeep Sanyal, Partner, 100x100, said, "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. 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."
Marie Cheong, Founding Partner, 100x100, said, "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."
Fund II is led by six partners with collective experience spanning venture creation, climate technology, and institutional investing across Asia.
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