Delhi, India — July 02, 2026 — 100×100, a leading climate company builder and venture capital fund, launched by the team that co-founded Wavemaker Impact, today announced the launch of its second fund (Fund II) targeting US$100 million. The firm will deploy this capital to create and scale 50 more high-impact, high-growth companies designed to address the planet’s most pressing emissions challenges.
Energy, food, materials and supply chains are being reshaped by rising demand, geopolitical fragmentation, resource constraints and the need for national self-sufficiency. 100×100 aims to close the gap between readiness of low-emissions technologies and large-scale commercial deployment. Rather than funding existing startups, 100×100 works alongside experienced entrepreneurs to build companies from the ground up in Southeast Asia and India. Every 100×100-built company has the potential to abate 100 million tons of carbon dioxide equivalent and achieve US$100 million in revenue.
“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.” added Subhadeep Sanyal, Partner, 100×100.
The launch of Fund II follows the success of the firm’s initial fund, which hit its hard cap at US$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.100×100 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.
As one of the fastest growing economies of the world, India is also the third-largest emitter, contributing 4.1 Gt of CO₂ equivalent annually across energy, agri, mobility, manufacturing and build environment. India has already surpassed its 2030 NDC target of reaching 50% non-fossil installed power capacity, but renewables contribute to only 15% of power generation; opening opportunities for more ventures to bridge this gap – and such inefficiencies exist across sectors like agri, mobility, supply chains.
Marie Cheong, Founding Partner, 100×100 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.”
The firm’s unique operating model involves a structured venture-building process to identify “white spaces” in high-emissions sectors. Every venture is intentionally built to capture a ‘green discount’, delivering cost or economic advantages while driving down emissions. This is especially relevant in price sensitive markets like India where the green discount is not a marketing position; it is a commercial survival condition. To execute this, the firm speaks to over 1,000 founders per year to identify entrepreneurs with the expertise and track record required to build and scale businesses from day one.
To date, 100×100’s Fund I portfolio companies have raised over US$28 million from 16 external investors, and the majority have generated revenue in less than six months of launch. A prime example of this scaling velocity is a portfolio company Rize, which reduces methane emissions in rice cultivation and serves smallholder rice farmers. The company successfully generated US$11 million in revenue in 2025, growing at an extraordinary 550% year-on-year growth rate whilst improving the livelihood of over 40,000 farmers. India is also home to around 100 million smallholder farmers who grow paddy across 51 million acres.
The Fund has also co-build and launched 3 companies in India over the past 10 months, targeting critical areas like bioenergy, efficient cooling and logistics, and is currently working with founders across themes in energy transition and agriculture. The firm’s India operations aim to leverage the talent pool of the 3rd largest startup ecosystem in the world, with India’s climate commitments and economic transformation.
The fund is led by six partners – Guillem Segarra, Marie Cheong, Paul Lam Wai, Quentin Vaquette, Steve Melhuish, and Subhadeep Sanyal – with experience spanning venture creation, climate technology and institutional investing across Asia. Collectively, the team has built 58 companies, invested in 73 climate businesses and realised 19 exits.
About 100×100
100×100 is a climate company builder and venture capital fund dedicated to creating scalable solutions for the planet’s largest emissions problems. We don’t just fund companies; we partner with experienced founders with a proven track record to build them from the ground up. Every company we build is a ‘100×100’ company – a startup with the potential to abate 100 million metric tons of carbon and be a US$100-million revenue business. To date, 100×100 has co-built 27 companies, and we are raising our second fund to build 50 more. With a portfolio spanning land-use, agriculture, energy, industry, materials, and buildings across Southeast Asia and India, 100×100 is committed to building a future worth investing in. For more information, visit www.100×100.com.
