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

It is the second fund from 100x100, a climate venture builder and venture capital investor headquartered in Singapore. The firm was formerly called Wavemaker Impact and rebranded in October 2025. Fund II is targeting US$100 million and aims to build roughly 50 new climate companies across Southeast Asia and India, with India as a central focus. It follows Fund I, a US$60 million vehicle closed in 2023 that co-founded 27 companies across 8 countries.

The programme's published funding range is ₹4.8 crore to ₹14.3 crore, released in stages. The first cheque is US$500,000, approximately ₹4.75 crore. A further US$500,000–1,000,000 (₹4.75–9.5 crore) typically follows once the company achieves product-market fit, taking the total to roughly ₹14.25 crore. 100x100 also leads Series A rounds and follows on into Series B.

Yes. 100x100 invests equity and takes a significant stake in the ventures it co-creates. That stake is materially higher than what a traditional seed round would involve, which reflects how deeply the firm is involved in building the company from inception. This is not a grant or a debt programme, so the capital is not non-dilutive.

No. 100x100 states clearly that it does not fund existing startups. Its model is entirely about company creation — finding a high-emissions problem area, engineering a solution that offers a "green discount", validating it with customers, and then building the business from scratch alongside the founder. If you already run a funded company and are looking for a cheque, this is not the right programme.

The programme is open to experienced founders and operators with deep expertise in the sectors it focuses on. You can apply as an individual or as a team. There is no minimum revenue threshold and no requirement to have incorporated a company already, because the venture is built from inception. The strongest applications come from people with real operational depth in climate and decarbonisation.

The focus is climate and decarbonisation, spread across a wide set of industries: energy, agriculture, industrial processes, materials, buildings, supply chains, transport and land use. The common thread is that each opportunity must be able to cut emissions while offering customers a cost or economic advantage — what 100x100 calls the "green discount".

The geographic focus is Southeast Asia and India. India is a central target market for Fund II, which is aiming to build approximately 50 new climate companies across these regions.

No. Applications are reviewed on a rolling basis and the programme is always open, so there is no fixed submission deadline and no funding round to catch.

Apply through the official 100x100 application page at https://www.100x100.com/apply and complete the dedicated founder intake form on that page. Do not send a pitch deck — 100x100 explicitly states that decks are not required for its co-creation model, and the process is built around identifying and assessing founders rather than evaluating existing businesses.

Alongside the equity capital, founders get an intensive venture-building programme in which the 100x100 team embeds with the company for roughly its first 18 months to reach product-market fit. That includes mentorship from experienced operators, access to a broad network, market access support through customer validation, and fundraising support, with 100x100 leading the Series A and following on in the Series B.

No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for 100x100 Fund II — Up to ₹14.3Cr Equity for Climate Founders, though having it can strengthen your application and unlock other benefits.

100x100 Fund II — Up to ₹14.3Cr Equity for Climate Founders is offered by 100x100. It is provided as an investment.