What is 100x100's investment model?

100x100 operates as a climate venture builder and venture capital fund. It focuses on co-creating new companies from scratch alongside experienced founders, rather than investing in existing startups. The model involves identifying high-emissions problem areas, engineering 'green discount' solutions, validating them with customers, and then launching and building the company.

What kind of funding does 100x100 provide?

100x100 provides equity funding. They take significant equity stakes in the companies they co-create, which is materially higher than a traditional seed round, reflecting their deep involvement in company building. This funding is not equity-free.

What are the typical investment amounts?

The standard initial investment ticket is US$500,000 (approximately ₹4.75 crore). An additional US$500,000–1,000,000 (approximately ₹4.75–9.5 crore) is typically provided once the company reaches product-market fit. 100x100 also leads Series A rounds and follows on in Series B.

Does 100x100 invest in existing companies?

No, 100x100 explicitly states that it does not fund existing startups. Its model is entirely focused on company creation, building new ventures from inception alongside founders.

What sectors and regions does 100x100 focus on?

The fund focuses on climate and decarbonization across sectors such as renewable energy, energy transition, agriculture and food systems, industrial decarbonisation, materials, buildings, supply chains, transport, and land use. Geographically, it focuses on Southeast Asia and India, with India being a central target for Fund II.

How do I apply to 100x100?

Interested experienced founders and operators can apply by visiting the 100x100 website at https://www.100x100.com/apply and completing the founder intake form. It is explicitly stated that pitch decks are not required and should not be sent, as the process focuses on founder identification and co-creation.

100x100 Fund II — Climate Venture Builder (2026)

100x100 is a pioneering climate venture builder and venture capital fund, headquartered in Singapore. Formerly known as Wavemaker Impact, the firm rebranded in October 2025 to solidify its commitment to tackling global climate challenges. Unlike traditional venture capital firms that invest in existing startups, 100x100 takes a unique co-creation approach, building companies from the ground up alongside experienced founders and operators.

The core of 100x100's model involves identifying high-emissions problem areas, then engineering innovative solutions that offer a "green discount" – a compelling cost or economic advantage while simultaneously cutting emissions. This involves rigorous validation with potential customers before officially launching a new company.

The firm engages with over 1,000 prospective founders annually, actively seeking individuals with deep operational expertise to partner with. Once a partnership is formed, 100x100 embeds deeply with the nascent company for approximately the first 18 months, providing hands-on support to help the venture achieve product-market fit. This intensive collaboration is designed to increase the probability of success and establish a strong foundation for growth.

Following this initial venture-building phase, 100x100 facilitates access to significant follow-on capital. Its inaugural Fund I, a US$60 million fund closed in 2023, successfully co-founded 27 companies across 8 countries, demonstrating a portfolio survival rate nearly double the VC median. Fund II, targeting US$100 million, aims to replicate and expand this success by building approximately 50 new climate companies across the high-growth markets of Southeast Asia and India, with India being a central focus for this new fund.

Participants benefit from a robust equity investment, starting with a standard check of US$500,000 (approximately ₹4.75 crore) and an additional US$500,000–1,000,000 (₹4.75–9.5 crore) upon achieving product-market fit, totaling up to approximately ₹14.25 crore. Beyond capital, 100x100 offers an intensive venture-building program, embedding deeply with founders for approximately 18 months to achieve product-market fit. This includes mentorship from experienced operators, access to a broad network, and direct support in market access through customer validation. The program also provides crucial fundraising support, leading Series A rounds and following on in Series B to ensure continued growth capital. This comprehensive incubation support aims to significantly de-risk early-stage company creation.

100x100 Fund II — Climate Venture Builder

100x100 Fund II — Climate Venture Builder

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