SINGAPORE — June 17, 2026 — 100x100, a leading climate company builder and venture capital fund launched by the team that co-founded Wavemaker Impact, today announced the launch of its second fund (Fund II) targeting US$100 million. The Singapore-based firm will deploy this capital to create and scale 50 more high-impact, high-growth companies designed to address the planet’s most pressing emissions challenges.
Energy, food, materials and supply chains are being reshaped by rising demand, geopolitical fragmentation, resource constraints and the need for national self-sufficiency. 100x100 aims to close the gap between readiness of low-emissions technologies and large-scale commercial deployment. Rather than funding existing startups, 100x100 works alongside experienced entrepreneurs to build companies from the ground up in Southeast Asia and India. Every 100x100-built company has the potential to abate 100 million tons of carbon dioxide equivalent and achieve US$100 million in revenue.
We believe that solving the world's most pressing emissions challenges also represents a significant economic opportunity,\" said Marie Cheong, Founding Partner, 100x100. \"Our name reflects our conviction that profit and carbon reduction are not a trade-off, but a multiplier. With Fund II, we are doubling down on a demonstrated strategy with a platform that is ready-to-go.
The launch of Fund II follows the success of the firm’s initial fund, which hit its hard cap at US$60 million in 2023, and attracted backing from institutional, strategic and family office investors, including the US Development Finance Corporation (DFC) Singapore Economic Development Board (EDB), British International Investment (BII), Triple Jump, Qarlbo Energy, JG Digital Equity Ventures, Kajima Corporation and Beacon Ventures. Since then, the firm has co-founded 27 companies across eight countries, maintaining a portfolio survival rate nearly double the median venture capital average. This commercial resilience is driven by tight operational alignment; 100x100 holds significantly higher equity stakes than traditional VCs, while its portfolio companies operate at 1.5x greater capital efficiency, positioning Fund I as on track for top-quartile performance.
The firm’s unique operating model involves a structured venture-building process to identify \"white spaces\" in high-emissions sectors. Every venture is intentionally built to capture a 'green discount' — delivering cost or economic advantages while driving down emissions. To execute this, the firm speaks to over 1,000 experienced founders per year to identify entrepreneurs with the expertise and track record required to build and scale businesses from day one.
To date, 100x100’s Fund I portfolio companies have raised over US$28 million from 16 external investors, and the majority have generated revenue in less than six months of launch. A prime example of this scaling velocity is a portfolio company Rize, which reduces methane emissions in rice cultivation and serves smallholder rice farmers. The company successfully generated US$11 million in revenue in 2025, growing at an extraordinary 550% year-on-year growth rate whilst improving the livelihood of over 40,000 farmers. Another company, Helios – a residential solar company in the Philippines – has consistently grown at over 40% month-on-month for the past 12 months.
The fund is led by six partners - Guillem Segarra, Marie Cheong, Paul Lam Wai, Quentin Vaquette, Steve Melhuish, and Subhadeep Sanyal - with experience spanning venture creation, climate technology and institutional investing across Asia. Collectively, the team has built 58 companies, invested in 73 climate businesses and realised 19 exits.
![](\"/api/storage/objects/uploads/7f1184cf-f3b3-4ec5-be66-c8d5453e5446.jpg\")
Photo: 100x100 Partner Group (From left to right: Paul Lam, Guillem Segarra, Steve Melhuish, Marie Cheong, Subhadeep Sanyal, Quentin Vaquette)
Southeast and South Asia sit at the intersection of the world's most urgent challenges — holding a disproportionate share of global emissions while increasingly becoming a key region for manufacturing reshoring, AI infrastructure buildout, and food system redesign. By deploying our venture-building infrastructure here, with a target of reducing 10% of global emissions collectively, we are building the very companies the world needs right now — and that will become the most compelling investment opportunities of this decade,\" added Quentin Vaquette, Founding Partner, 100x100.
About 100x100
100x100 is a climate company builder and venture capital fund dedicated to creating scalable solutions for the planet's largest emissions problems. We don't just fund companies; we partner with experienced founders with a proven track record to build them from the ground up. Every company we build is a ‘100x100’ company - a startup with the potential to abate 100 million metric tons of carbon and be a US$100-million revenue business. To date, 100x100 has co-built 27 companies, and we are raising our second fund to build 50 more. With a portfolio spanning land-use, agriculture, energy, industry, materials, and buildings across Southeast Asia and India, 100x100 is committed to building a future worth investing in. For more information, visit www.100x100.com.
For media enquiries, please contact:
PRecious Communications
for 100x100
100x100@preciouscomms.com
Ben Ong
Venture Builder & Communications Lead
ben@100x100.com