Eclipse Foods raises $40 million in Series B funding from Sozo Ventures

2022-07-23 00:17:09 By : Peter zhang

Eclipse Foods, an Oakland-based startup that makes plant-based dairy foods, raised $40 million in new equity and debt funding, the company tells Axios.

Why it matters: Alt protein startups still keep churning along.

Details: Sozo Ventures led the round, which values Eclipse in the "hundreds of millions" of dollars, CEO Aylon Steinhart says.

How it works: Eclipse makes plant-based milk that is then used to create ice cream.