Gigascale Capital, a venture capital firm based in Palo Alto, has announced the close of its inaugural institutional fund, raising $250 million to support companies building technologies tied to the physical world.
The fund marks a major milestone for the young investment firm, which has quickly positioned itself within the growing landscape of climate, energy, and industrial innovation investing.
A New VC Firm with Deep Tech Roots
Gigascale Capital was launched in 2023 by former Meta Chief Technology Officer Mike Schroepfer alongside co-founders Victoria Beasley and Evaline Tsai.
From the outset, the firm has focused on what it describes as the “physical economy” — sectors that extend beyond software into real-world systems such as clean energy, infrastructure, advanced manufacturing, and the supply chains that sustain them.
Its investment thesis also includes the expanding role of artificial intelligence in designing, producing, and deploying complex physical systems at scale.
Investing Across Energy, Infrastructure, and Advanced Manufacturing
The firm’s portfolio strategy spans a wide range of hard-tech domains, including renewable energy systems, grid modernization, materials innovation, and next-generation manufacturing technologies.
Gigascale has already engaged with more than 25 early-stage startups working on foundational technologies that aim to reshape how energy is generated, stored, and distributed, as well as how industrial systems are designed and built.
Among the companies it has backed are Heron Power, Solcoa, Commonwealth Fusion Systems, Rhoda AI, Radiant, Xcimer Energy, Arbor Energy, Fractile, Dioxycle, and Mill.
Hands-On Support for Founders Building Complex Systems
Beyond capital investment, Gigascale positions itself as an active partner to founders navigating the challenges of scaling hardware-intensive companies.
The firm works closely with startups on recruiting technical talent, identifying early customers, and making critical engineering and operational decisions that bridge the gap between prototype development and real-world deployment.
Its approach blends technical expertise with company-building experience, supported by a network spanning technology, venture capital, and climate-focused industries.
Building Momentum in the Physical Economy
With its first institutional fund now closed, Gigascale Capital is expected to deepen its involvement in the fast-evolving ecosystem of climate and deep-tech innovation.
The $250 million fund provides the firm with increased capacity to support early-stage companies tackling some of the most complex challenges in energy transition, industrial transformation, and infrastructure modernization.
