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.