Eclipse Foods Raises Over $40M in Series B Funding

Co-founders Thomas Bowman and Aylon Steinhart
Co-founders Thomas Bowman and Aylon Steinhart

Eclipse Foods, an Oakland, CA-based provider of sustainable, plant-based dairy products, raised over $40M in Series B funding.

The round was led by Sozo Ventures with participation from Forerunner Ventures, Initialized Capital, Gaingels, and KBW Ventures.

The company intends to use the funds to accelerate growth of the business in retail and food service, and R&D on its proprietary plant-based dairy platform, build the team, and drive awareness.

Co-founded in 2019 by James Beard-nominated chef, Thomas Bowman, and alternative protein expert, Aylon Steinhart, Eclipse Foods leverages a proprietary dairy platform, which replicates micelles from plants to create plant-based dairy products. Its 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. The 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.

Eclipse is available direct-to-consumer at GoPuff, Good Eggs, Gorillas, and more  and in retailers nationwide including in select Whole Foods Market, Albertsons, Vons, Pavilions, Central Market, Nugget, Harmon’s, among other regional retailers. Eclipse is also available in many food service locations including Smashburger, Afters Ice Cream, the LA Dodger Stadium, Mel’s Original, Silver Diner, and more.

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.

FinSMEs

28/06/2022