Mike Schroepfer, former chief technology officer at Meta, has successfully raised $250 million for his climate-focused investment fund, Gigascale Capital. The fund aims to support entrepreneurs developing climate-friendly solutions to address global energy and material shortages.

Schroepfer, who served as Meta's CTO before transitioning to focus on climate technology investments, is positioning the fund to target companies working on sustainable energy and materials innovations. The substantial fundraising effort comes at a time when climate technology has attracted significant investor attention.

The $250 million fund represents Schroepfer's commitment to backing founders who are developing technologies that could help address environmental challenges related to energy production and material scarcity. Gigascale Capital's approach focuses on supporting companies that offer practical solutions to these pressing global issues.

Schroepfer's transition from a senior role at one of the world's largest technology companies to climate investing reflects a broader trend of tech executives directing their expertise and resources toward environmental solutions. The fund's size positions it among the notable climate-focused investment vehicles in the current market.