Investor Profile: 100×100 — Thesis, Cheque Size & How to Apply

100×100 is a climate venture builder, not a conventional cheque-writing venture fund, and that difference shapes everything about how founders should approach it. Formerly known as Wavemaker Impact, the Singapore-based firm co-founds companies with experienced entrepreneurs from the earliest stage. Its name encodes its thesis: every company it builds must have the potential to abate 100 million tonnes of carbon dioxide equivalent and to reach $100 million in annual revenue.

The thesis is built around the green discount, not the green premium. 100×100 looks for high-emissions sectors where a low-carbon solution can win on pure economics, without asking customers to pay extra for sustainability, because in price-sensitive markets such as India a green premium is a commercial liability. Its sectors are energy, agriculture, transport, land use, buildings, industry and supply chains, and it speaks to over 1,000 founders a year to find entrepreneurs with the expertise and track record to build from day one. In India it has co-built companies in bioenergy, efficient cooling and logistics, and its portfolio company Rize reduces methane emissions in rice cultivation for smallholder farmers.

On fund size, 100×100 launched its second fund, Fund II, with a target corpus of $100 million to create and scale 50 more companies across India and Southeast Asia. That follows a first fund of $60 million, which hit its hard cap in 2023 under the Wavemaker Impact brand. The venture-building cheque is specific: the firm typically invests $500,000 on standard terms at launch, works closely with the founder for about 18 months, and may invest a further $500,000 to $1 million once product-market fit is reached, while helping bring in other investors for a Series A.

The portfolio is a record of co-founding, not just investing. Since launch, 100×100 has co-founded 27 companies across eight countries, and its Fund I companies have raised over $28 million from 16 external investors, with the majority generating revenue in less than six months from launch. Rize is the standout Indian-adjacent example, reporting $11 million in revenue in 2025, growing at 550 percent year on year, while improving the livelihoods of over 40,000 farmers.

The partners are Guillem Segarra, Marie Cheong, Paul Lam Wai, Quentin Vaquette, Steve Melhuish and Subhadeep Sanyal, a team that collectively reports having built 58 companies, invested in 73 climate businesses and realised 19 exits. There is no separate credits or perks programme publicly stated; the perks are the venture-building platform itself: opportunity identification, first-customer acquisition, business-model design, prototype development and team building over roughly 18 months.

How to apply for funding

There is no public application portal for 100×100 in the sense of an open funding form. The real route is founder recruitment: the firm actively seeks experienced founders and operators to co-found companies around opportunities it has identified, and it speaks to over 1,000 founders a year. Approach through the firm's official channels, via its site formerly at wavemakerimpact.com and its public founder-recruitment presence, with a clear account of your operating track record in a high-emissions sector, the specific inefficiency you would build against, and why your solution wins on cost without a green premium.