OAKLAND, CALIF. — Eclipse Foods raised more than $40 million in a Series B funding round.
The Oakland, Calif.-based startup offers a line of frozen desserts made with plant-based ingredients, including corn, potato, oats and cassava. The products are made by re-engineering the molecular composition of milk to create a taste and texture that are indistinguishable from dairy, according to the company. Flavors include cookie butter, mint chip, caramel butter pecan, vintage vanilla, mango passionfruit and Dark Side of the Spoon, which combines chocolate, peanut butter cookie dough and fudge chunks.
The brand also has partnered with culinary experts to develop a Chef Series, featuring unique flavor combinations like cocoa black sesame tahini and toasted almond thyme.
Eclipse Foods was co-founded in 2019 by Aylon Steinhart, a veteran startup leader and former adviser at The Good Food Institute, and Thomas Bowman, a food scientist and former director of product development at Eat Just, Inc.
“With 10 billion people to feed by 2050, we recognized that global diets must change,” Mr. Steinhart said. “Consumers want more than just a dairy alternative like almond milk — they want a true replacement. Our plant-based dairy platform uses micelles, the microscopic magic of milk, to create the replacement products that consumers have been craving.”
Retailers including Whole Foods Market, Albertsons, Vons, GoPuff and more now stock the startup’s dairy-free pints. Eclipse Foods also recently partnered with Smashburger to launch the restaurant’s first plant-based menu item. The collaboration marked the first nationally available plant-based milkshake at a fast casual chain, according to the company.
Funds from the Series B round will fuel expansion in retail and foodservice, accelerate R&D on the company’s plant-based dairy platform and drive brand awareness, Mr. Steinhart said.
The Series B round was led by Sozo Ventures with participation from Forerunner Ventures, Initialized Capital, Gaingels and KBW Ventures. It brings the company’s total funding to more than $60 million.