# Eclipse Foods

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eclipse-foods

- Industry: Food
- Headquarters: Alameda, US
- Website: www.eclipsefoods.com/
- Total disclosed funding: $53M
- Latest round: Series B (Mar 28, 2022)
- Investors on record: 6

## About

Eclipse Foods is a company focused on creating high-quality non-dairy ice creams and milk substitutes that effectively replicate traditional dairy products, appealing to health-conscious and vegan consumers.Eclipse Foods, founded in 2012 and headquartered in Oakland, US, specializes in non-dairy alternatives, producing ice creams and milk substitutes. The company was established by Aylon Steinhart and Thomas Bowman and has raised a total of USD 32.00 mn in multiple funding rounds, with the latest being a Series B led by Sozo Ventures. The company has completed six deals to date and has a current valuation of USD 170.38 mn.Eclipse Foods produces a variety of non-dairy ice creams and milk substitutes, utilizing innovative ingredients such as cassava, corn, rapeseed, and potato to achieve a creamy texture. Their offerings include flavors like coffee almond crunch, hazelnut chocolate truffle, and peanut butter pretzel, targeting both retail consumers and foodservice providers in North America and select international markets.Eclipse Foods generates revenue through direct-to-consumer sales and partnerships with foodservice providers and retailers. Their product line, including non-dairy ice creams and milk substitutes, is available at competitive prices, enhancing their market presence through supply agreements with grocery stores, cafes, and restaurants.Eclipse Foods plans to leverage recent funding from their Series B round to support new product development and market expansion. They are actively designing new flavors and increasing their footprint in additional markets across North America and select international regions by the end of 2024. The funding will facilitate these initiatives, helping to enhance their product offerings and reach a broader audience.

## Funding rounds

- Series B, Mar 28, 2022, $32M — Forerunner Ventures, Initialized Capital, Sozo Ventures, Gaingels, KBW Ventures
- Series A, Nov 17, 2020, $17M — Forerunner Ventures
- Seed, Apr 22, 2019, $3.5M — Initialized Capital, Pioneer Fund
- Seed, Mar 18, 2019, $0.1M — Initialized Capital

## Investors

- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Seed, Series B
- Pioneer Fund (https://capitalatlas.ai/funds/pioneer-fund) — Seed
- Forerunner Ventures (https://capitalatlas.ai/funds/forerunner-ventures) — Series A, Series B
- Sozo Ventures (https://capitalatlas.ai/funds/sozo-ventures) — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B
- KBW Ventures (https://capitalatlas.ai/funds/kbw-ventures) — Series B