Gigascale Capital is a San Francisco-based early-stage venture capital firm founded in 2023 by Mike Schroepfer, former CTO of Meta, alongside Victoria Beasley and Evaline Tsai. The firm backs founders rebuilding the physical economy for climate impact, investing in companies developing technologies that enable energy, materials, and infrastructure systems to become cheaper, more productive, and cleaner than the systems they replace. Gigascale's core conviction is that climate impact is not the result of virtuous mandates but of better-performing systems: technologies that win on economics, not promises. With Fund I, the firm has invested in more than 25 companies across clean energy, advanced manufacturing, grid infrastructure, and physical AI.
Gigascale invests in early-stage companies across clean energy and grid infrastructure, critical minerals and supply chains, advanced manufacturing, and physical AI, artificial intelligence applied to the design, manufacturing, and deployment of physical systems. The firm targets companies where cost curves are moving, where founders can build and deploy faster than incumbents, and where the cleaner system is also the cheaper and more scalable one. The fund frames AI's energy demands, US utilities are projected to spend $1.4 trillion by 2030 to meet electricity demand from AI data centers, as a structural tailwind rather than a competitor to its thesis, creating urgent commercial pull for the energy infrastructure companies in its portfolio.
Gigascale Capital Fund I closed at $250 million in June 2026, the firm's first institutional fund. Prior to Fund I, Schroepfer deployed personal capital into more than 25 companies. Fund I is described as the first fund with institutional investors and an explicit early-stage focus. The firm expects to complement its core investment strategy opportunistically, supporting founders from first check through scaled deployment. LP composition has not been publicly disclosed.
Leadership
Mike Schroepfer is Founding Partner. He served as Meta's CTO for over a decade before stepping down in 2022, overseeing the company's infrastructure buildout including the data centers that now run large AI workloads. He began studying climate technology during the COVID-19 pandemic before founding Gigascale in 2023. Victoria Beasley is General Partner, with over a decade of experience in clean energy spanning the solar buildout and multiple investment cycles. Evaline Tsai is a co-founder of the firm.
Investment Strategy
Gigascale invests at the earliest stages through scaled deployment, writing initial checks into companies before institutional consensus has formed. The firm's portfolio construction favors companies building physical systems, where technical, commercial, and operational decisions determine whether promising technology becomes reliable infrastructure. Gigascale positions itself explicitly as a contrarian within the current venture landscape, continuing to back climate-focused founders at a moment when most institutional capital has pivoted to AI-native software companies.
Notable Investments
Mike Schroepfer — Founding Partner
mike@schrep.com
Victoria Beasley — General Partner
victoria@gigascale.com
United States
