Venture Capital News: Eclipse Foods Grabs $40M+ Series B Round
2022-06-28
OAKLAND, CA, Eclipse Foods, the leader in sustainable, plant-based dairy products that are indistinguishable from conventional dairy, announces a Series B funding round of over $40 million.
The round was led by Sozo Ventures with participation from leading funds, including Forerunner Ventures, Initialized Capital, Gaingels, and KBW Ventures. With the latest round of funding, Eclipse has raised over $60 million to date with investors including Seth Goldman, the Chairman of Beyond Meat and Founder of Honest Tea; Alexis Ohanian, the Founder of Reddit; Prince Khaled bin Alwaleed, green tech venture capitalist; and Y Combinator, the world's top tech accelerator. The new funding will fuel the rapid growth of the business in retail and food service, accelerate R&D on Eclipse's proprietary plant-based dairy platform, build the brand's world-class team, and drive awareness for Eclipse as the world's first true dairy replacement.
Eclipse Foods is the leader in plant-based dairy products that are indistinguishable from conventional dairy. In 2019, Co-founders Aylon Steinhart and Thomas Bowman launched Eclipse with a mission to create plant-based dairy products that require no sacrifice on taste, texture or functionality for the consumer. Aylon, an alternative protein expert coming from the Good Food Institute, where he incubated dozens of startups, and advised investors and strategic partners on the alternative protein space, worked with Thomas, a world-renowned food scientist who has worked in and staged at a total of 16 Michelin stars and is a James Beard nominated chef, to create Eclipse's proprietary dairy platform, which replicates micelles (the magic of dairy milk) from plants to create plant-based dairy products. Eclipse's plant-based platform is free from all top allergens such as gluten, soy, coconut, nuts, and is non-GMO and free from gums and stabilizers. Eclipse's ice cream is available as soft serve, ice cream mix, foodservice tubs, and in pint flavors including Cookie Butter, Caramel Butter Pecan, Dark Side of the Spoon, Mango Passion Fruit, Vintage Vanilla and Mint Chip.
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