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# UAE-based KWB Ventures invests in Eclipse's $40 million raise
- URL: https://www.techloy.com/uae-based-kwb-ventures-invests-in-eclipses-40-million-raise/
- Published: 2022-06-30T12:24:22.000Z
- Updated: 2022-12-08T02:02:42.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Money, Tech in UAE

UAE-based venture capital firm, [KWB Ventures](https://www.kbw-ventures.com/) has invested in the $40 million Series B funding round of [Eclipse,](https://www.eclipsefoods.com/) a US-located plant-based dairy product making startup.

- The fund will be used to support the startup's growth in retail and food service and improve its research and development processes.
- Founded in 2019, Eclipse combines non-genetically modified organisms (GMO) plants, including, cassava, corn, and potato, to make plant-based dairy products such as cheeses, spreads, and desserts.
- Sozo Ventures led the round, with participation from Forerunner Ventures, Initialized Capital, Gaingels, and KWB Ventures, bringing Eclipse to $60 million raise since its launch.