100×100, a Singapore-based climate company builder, has announced the launch of its second fund, targeting US$100m to establish 50 new climate companies across Southeast Asia and India. The firm, formerly known as Wavemaker Impact, will focus on high-emissions sectors such as energy, agriculture, manufacturing, and digital infrastructure.
The launch of Fund II follows the success of 100×100’s initial fund, which reached its US$60m hard cap in 2023. The first fund co-founded 27 companies across eight countries, with many generating revenue within six months. Notable successes include Rize, which achieved US$11m in revenue in 2025 with a 550% year-on-year growth, and Helios, a solar company in the Philippines, which has grown over 70% month-on-month.
The firm’s unique approach involves building companies from scratch with experienced entrepreneurs, aiming to capture economic advantages whilst reducing emissions. “We believe that solving the world’s most pressing emissions challenges also represents a significant economic opportunity,” said Marie Cheong, Founding Partner of 100×100.
Fund II is backed by prominent investors, including the Singapore Economic Development Board, Grantham Foundation for Climate, and British International Investment. The fund is led by six partners with extensive experience in venture creation and climate technology.
100×100’s strategy aims to address the gap in climate capital in Southeast Asia and India, regions that account for a significant share of global emissions. By focusing on these markets, 100×100 seeks to build companies that can significantly reduce emissions and offer compelling investment opportunities.
