
Southeast Asia's Massive Climate Opportunity with 100x100, Ep #138
In our last episode , we covered a recent study on climate venture studios conducted by Jamil Wyne and Hazelwood Network and discussed the role studios can play in accelerating climate innovation. Today, we’re seeing what that looks like in practice in a region critical to our climate future. Across Southeast Asia, growing incomes and rapid urbanization are driving demand for energy, housing, and food. Meeting those needs creates an enormous business opportunity—and the choices made today will shape emissions for decades. Our guests are Steve Melhuish and Marie Cheong, founding partners of 100x100 , which builds climate companies across Southeast Asia and India. Their first fund raised $60 million and launched 26 businesses, with companies generating revenue in just five and a half months, on average. We explore how they recruit experienced entrepreneurs, identify overlooked opportunities, and build businesses that can deliver both financial returns and meaningful emissions reductions. On today’s episode, we cover: 01:22 - Introducing Steve, Marie, and 100x100 02:34 - Marie's Path from Politics to Climate Venture Building 06:32 - Steve's Journey from Property Guru to Climate 10:29 - Mapping Southeast Asia's Emissions and the Green Discount 14:38 - Can Existing Tech Plus Regional Reach Deliver Venture Returns? 16:44 - Growth and Challenges in Southeast Asia 18:40 - Inside the Venture Building Process 22:35 - Engineering the Spark and Finding Product-Market Fit 25:21 - Founder-Friendly Deal Terms: 70/30 26:17 - Fund Math, Survival Rates, and M&A Exits 28:57 - Lessons from Fund One and Expanding to India 32:47 - Talent-Forward vs. Sector-Driven 33:24 - Structural Advantages: Seaweed, Cattle Feed, and Distributed Solar 37:37 - Sharing Lessons Across Markets 38:10 - Who 100x100 Wants to Hear From 39:38 - More Women Founders in Climate 40:30 - Wrap-Up Resources Mentioned 100x100 Hazelwood Network Research: Climate Venture Studios: Building the Infrastructure for Climate Innovation Engie Factory Wavemaker Partners PropertyGuru Greta Thunberg's school strike for climate Larry Fink's letter to CEOs, "A Fundamental Reshaping of Finance" Nūl Zentide HiFeed Neoterra , Connect with us Marie Cheong Steve Melhuish Jason Rissman Keep up with Invested In Climate Sign up for our Newsletter LinkedIn Instagram If you like what you hear, subscribe and rate to support the show! Have feedback or ideas for future episodes, events, or partnerships? Get in touch !










