Former Facebook CTO Mike Schroepfer has launched a climate venture capital investment firm called Gigascale Capital with climate investors Victoria Beasley and Evaline Tsai. The firm will focus on companies that offer both significant climate impact and the ability to make money. Schroepfer believes capitalism is a necessary tool to help solve climate change and that businesses need to make a lot of money to help decarbonise processes. The firm will focus on hard problems, such as decarbonising buildings and industrial processes, rather than software. The money for Gigascale is coming from Schroepfer’s family office, and he hopes to see other investors join him in the space.
resource: https://esgnews.com/former-facebook-cto-mike-schroepfer-launches-climate-investment-firm-gigascale-capital/