100x100 Fund II — Up to ₹14.3Cr Equity for Climate Founders

100x100 Fund II is the second fund from 100x100, a climate-focused venture builder and VC investor based in Singapore. The firm traded under the name Wavemaker Impact until it rebranded in October 2025. Its approach is unusual: instead of writing cheques into companies that already exist, it builds new climate businesses from the ground up together with experienced founders and operators.

Every venture starts from a problem area with high emissions. 100x100 works out whether a new solution can carry a "green discount" — a genuine cost or economic edge for the customer that also brings emissions down — and tests that assumption with potential buyers before the company is formally launched.

Roughly 1,000 prospective founders are engaged each year. Once a partnership is struck, the 100x100 team embeds with the young company for about its first 18 months, working towards product-market fit.

The model has been run before. Fund I, a US$60 million vehicle that closed in 2023, co-founded 27 companies across 8 countries and reported a portfolio survival rate close to double the VC median. Fund II is targeting US$100 million and around 50 new climate companies across Southeast Asia and India, with India as a central focus.

• Equity funding across a ₹4.8 crore–₹14.3 crore range, opening with a US$500,000 first cheque
• About 18 months of hands-on venture building embedded with the founding team
• Climate and decarbonisation focus: energy, agriculture, industrial, materials, buildings, supply chains, transport and land use
• Built for experienced operators and founders in India and Southeast Asia, with India a central focus for Fund II
• 100x100 leads Series A and follows on in Series B
• Rolling applications — no deadline, and no pitch deck needed

100x100 Fund II is looking for people rather than pitch decks. The ideal applicant is an experienced founder or operator with deep, hands-on expertise in a climate-relevant sector who wants to build a new company from scratch.

• Who it suits: experienced founders and operators, applying as individuals or as a team, who are ready to co-create a business rather than join one.
• Who it does not suit: existing funded companies looking for an investment cheque. The programme is built around company creation, not backing an operating startup.
• Sectors: climate and decarbonisation, spanning energy, agriculture, industrial, materials, buildings, supply chains, transport and land use.
• Geography: Southeast Asia and India. India is a central target market for Fund II.
• No revenue or incorporation bar: there is no minimum revenue requirement and no need to have incorporated a company already, because the venture is built from inception.

Deep operational expertise in the focus sectors is the single strongest signal in an application.

100x100 Fund II — Up to ₹14.3Cr Equity for Climate Founders is open to startups at any stage. It is open to startups registered anywhere in India.

100x100 Fund II — Up to ₹14.3Cr Equity for Climate Founders accepts applications on a rolling basis — there is no fixed cut-off date, so eligible startups can apply at any time. Because rolling programmes can pause without notice, confirm the window is still open on the official site before you start.

100x100 Fund II is an equity investor, so the capital comes with a stake in the business rather than as a grant or loan.

The money, in stages:

• A first cheque of US$500,000, roughly ₹4.75 crore.
• A further US$500,000–1,000,000 (₹4.75–9.5 crore) once the company reaches product-market fit.
• Total committed capital of up to about ₹14.25 crore, within the programme's published ₹4.8 crore–₹14.3 crore range.

Beyond the capital:

• An intensive venture-building programme of roughly 18 months, with the 100x100 team embedded alongside the founders until product-market fit.
• Mentorship from experienced operators and access to a broad network.
• Market access support, including direct help validating the proposition with customers.
• Fundraising support: 100x100 leads Series A rounds and follows on into Series B to keep growth capital flowing.

Taken together, the incubation support is designed to de-risk the earliest and most fragile phase of company creation.

100x100 Fund II — Up to ₹14.3Cr Equity for Climate Founders is offered by 100x100. It is delivered directly by 100x100 as a equity. You can verify current details and timelines on the provider's official website before applying.

Applications are reviewed on a rolling basis — there is no cut-off date and no cohort deadline to wait for.

Assessment is founder-first. Rather than scoring an existing business, 100x100 evaluates the individual or team: their operational depth in the focus sectors, the clarity of their thinking, and how well they fit a co-creation model where the company is built jointly from day one.

The firm conducts interviews and assessments covering the founder's experience, their vision, and their alignment with 100x100's venture-building philosophy and with the "green discount" opportunities it has identified in high-emissions areas.

A pitch deck plays no part in the process — 100x100 states explicitly that decks are not required for this co-creation model.

Before you apply to 100x100 Fund II — Up to ₹14.3Cr Equity for Climate Founders, keep the following documents ready:

• A pitch deck or short business plan describing the problem, product and traction
• Company registration documents and PAN
• Founder identification (PAN / Aadhaar) and brief profiles
• Recent financial statements or projections
• Product details — a demo, prototype or working link if available

Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.

100x100 Fund II — Up to ₹14.3Cr Equity for Climate Founders is best suited for startups in India seeking an equity investment of ₹4.8Cr – ₹14.3Cr. If that describes your startup, review the eligibility criteria above before applying.