Singapore based venture builder 100x100 has launched a second fund worth $100 million to co-build 50 climate focused companies in India and Southeast Asia. The fund targets bioenergy, efficient cooling, and logistics, with each startup aiming to abate 100 million tons of CO2 equivalent and reach $100 million in annual revenue. This follows a $60 million first fund backed by the U.S. DFC, Singapore EDB, and British International Investment. The firm uses a venture builder model, meaning it starts companies from scratch rather than investing in existing ones. It claims a portfolio survival rate nearly double the industry average and 1.5 times better capital efficiency. The first fund co-founded 27 companies across eight countries, with most generating revenue within six months. The key question is whether 100x100 can scale 50 new companies without diluting the operational support that made its early bets work.
