Companies · Agtech / Foodtech

Eclipse Foods CoWinter 2019Active

OAKLAND · CA, USA; Oakland, CA, USA · Agtech / Foodtech · refined from filed group “Other · founded 2018 · http://www.eclipsefoods.com

Diligence memoA one-page analyst read on Eclipse Foods Co — recommendation, valuation, rhythm, risks.
$32.2M
Total raised · real
1
Rounds
Latest step-up
Top 9%
Sector rank · raised
Series B
Latest stage · inferred · Mon Mar 28 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Eclipse Foods Co looks over-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the agriculture sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 2.05× the median modeled value of Series B Agtech / Foodtech companies in 2022–2024 (13 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.3 yr ago; this sector typically re-raises about every 14 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Agtech / Foodtech

Eclipse Foods Co is one of 481 Agtech / Foodtech companies tracked from OAKLAND, CA, USA; Oakland, CA, USA, on record since 2018. By capital raised it ranks among the largest (ahead of 92% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Eclipse Foods is building the future of dairy using micelles, the…

Eclipse Foods is building the future of dairy using micelles (the microscopic magic of milk.) Eclipse has developed the world's first plant-based dairy platform which makes plant-based products with the taste, texture, and functionality of conventional dairy. We are transforming the $500B dairy industry and have raised over $60M from leading investors such as Y Combinator, the chairman of Beyond Meat, the founder of Reddit, the creator of Gmail, Forerunner Ventures, Sozo Ventures, Initialized Capital, and more. Our mission is to create a more sustainable, healthy, and humane food system by making plant-based foods that require no sacrifice.

ConsumerClimateFood Tech
Find Eclipse Foods Co online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
12
Investors (latest)
2019
Year incorporated
2022-03-28
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MSeries B · 2022-03-28 Raised $32M (real) Modeled valuation $252M (est)$32M$252MSeries B2022

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$32.2M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$251.8M
Base estimate est.
$75.8M
Conservative case
$694.5M
Upside case
$179.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the agriculture sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
64%
Survival probability
42% low · 78% high
1.20×/yr
Annual markup
1.46×/yr upside case
4.3 yr
Elapsed time used
4.3 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
4.3 yr
On record since
2022
First round
1
Rounds on file
How it compares to the market

Benchmarked against 481 companies in Agtech / Foodtech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 9.5× above median
This company$32.2M
Sector median$3.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.7× above median
This company$32.2M
Sector median$19.4M
Modeled value — vs sector median (estimate, all stages) 21× above median
This company$251.8M
Sector median$12.2M

Raised more than 92% of sector peers (real $). Modeled value above 96% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #2 of 13.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Good Day Farm Louisiana, LLC · Series B Raised $54.0M · modeled $265.6M (est)MUSH Foods Inc. · Series B Raised $27.2M · modeled $166.4M (est)Partake Foods, Inc. · Series B Raised $28.3M · modeled $161.9M (est)Bond Pet Foods, Inc. · Series B Raised $18.6M · modeled $140.0M (est)Cloud Agronomics Inc. · Series B Raised $22.7M · modeled $138.3M (est)Freight Farms, Inc. · Series B Raised $36.2M · modeled $122.6M (est)Systm Foods Inc. · Series B Raised $19.5M · modeled $93.8M (est)Cumulus Coffee Co · Series B Raised $33.1M · modeled $70.3M (est)AgroSpheres, Inc. · Series B Raised $34.9M · modeled $45.9M (est)Apollo Agriculture, Inc. · Series B Raised $52.0M · modeled $40.4M (est)Seattle Food Tech, Inc. · Series B Raised $35.6M · modeled $11.9M (est)Eclipse Foods Co (this company) Raised $32.2M · modeled $251.8M (est)Eclipse Foods Co
CompanyStageRaised · realValue · estvs peer med.
Good Day Farm Louisiana, LLCSeries B$54.0M$265.6M2.17×
Eclipse Foods Co this companySeries B$32.2M$251.8M2.05×
MUSH Foods Inc.Series B$27.2M$166.4M1.36×
Partake Foods, Inc.Series B$28.3M$161.9M1.32×
Bond Pet Foods, Inc.Series B$18.6M$140.0M1.14×
Cloud Agronomics Inc.Series B$22.7M$138.3M1.13×
Freight Farms, Inc.Series B$36.2M$122.6M1.00×
Systm Foods Inc.Series B$19.5M$93.8M0.77×
Cumulus Coffee CoSeries B$33.1M$70.3M0.57×
AgroSpheres, Inc.Series B$34.9M$45.9M0.37×
Apollo Agriculture, Inc.Series B$52.0M$40.4M0.33×
Seattle Food Tech, Inc.Series B$35.6M$11.9M0.10×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$32.2M2022-03-28$179.1M$251.8M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$32.2M2022-03-28
    • First recorded raise — entered as Series B.
    • 12 investors on this round.
Intelligence
Modeled next raise
$51.6M
Modeled next size est.range $33.5M$82.5M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Eurie Kim8 other2022-03
Aylon Steinhart2022-03
Koichiro Nakamura2022-03
Thomas Bowman2022-03
Registry & provenance

Eclipse Foods Co is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1939589
SEC CIK
2019
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Sprout Foods, IncAgtech / FoodtechSeries B$32.2M$269.3Msame sector · same stage
Cumulus Coffee CoAgtech / FoodtechSeries B$33.1M$70.3Msame sector · same stage
AgroSpheres, Inc.Agtech / FoodtechSeries B$34.9M$45.9Msame sector · same stage
Real Good Food Co LLCAgtech / FoodtechSeries B$35.0M$322.2Msame sector · same stage
Seattle Food Tech, Inc.Agtech / FoodtechSeries B$35.6M$11.9Msame sector · same stage
Freight Farms, Inc.Agtech / FoodtechSeries B$36.2M$122.6Msame sector · same stage
Partake Foods, Inc.Agtech / FoodtechSeries B$28.3M$161.9Msame sector · same stage
Green Grass Foods IncAgtech / FoodtechSeries B$36.8M$362.2Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Brown Foods
Making 'REAL' Cow and Human Milk!
Biotech76%
Eclipse Bioinnovations, Inc.BiotechnologySeries A$13.4M76%
Spero Foods, Inc.
dairy reinvented from plants
Agtech / FoodtechSeries A$80.2M75%
Vegano Foods Inc.Agtech / FoodtechPre-Seed$3.4M74%
Voyage Foods Inc.Agtech / FoodtechSeries B$12.8M73%
Kernel Foods, Inc.Agtech / FoodtechSeries B$122.0M73%
Ripple Foods, PbcAgtech / FoodtechSeries C$72.0M72%
Planet Based Foods, Inc.Agtech / FoodtechPre-Seed$3.2M72%
Frequently asked
How much funding has Eclipse Foods Co raised?
Eclipse Foods Co has raised approximately $32.2M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Eclipse Foods Co's estimated valuation?
Provath's modeled valuation for Eclipse Foods Co is approximately $251.8M (modeled range $75.8M–$694.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Eclipse Foods Co at?
Eclipse Foods Co's latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Mar 28.
What does Eclipse Foods Co do and where is it based?
Eclipse Foods Co operates in the Agtech / Foodtech sector, based in OAKLAND, CA, USA; Oakland, CA, USA. Eclipse Foods is building the future of dairy using micelles, the…
Explore related

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