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UAE-based KWB Ventures invests in Eclipse's $40 million raise

UAE-based venture capital firm, KWB Ventures has invested in the $40 million Series B funding round of Eclipse, 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

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
UAE-based KWB Ventures invests in Eclipse's $40 million raise
Photo by Nas Mato / Unsplash

UAE-based venture capital firm, KWB Ventures has invested in the $40 million Series B funding round of Eclipse, 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.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi

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