Today, we announce $1.23 billion in new funds — comprising $720 million for Eclipse Fund V and $510 million for Eclipse Early Growth Fund II — to continue partnering with founders tackling the world’s most pressing challenges.
The world’s most transformative technology companies were founded at inflection points: Google at the time of internet proliferation. Intel when semiconductors were emerging as the catalyst to the electronic revolution. We’re at another inflection point: physical industries urgently need modernization. For the past two decades, digital transformation was everywhere except where we needed it most: supply chain, manufacturing, logistics, energy, healthcare, defense, transportation, construction, agriculture, industrial, mining, and others. This decade’s generational companies will be the ones that redefine and reshape our physical world.
However, even with tailwinds, building generational companies is difficult. There are thousands of factors involved in successful company creation, but the most important factor by far is the right people. You need founders who are passionate, talented, and dedicated — and they in turn need partners who have deep conviction combined with the relevant experience to help founders deliver on their vision. As a team of former operators, this is how Eclipse has approached investing since our inception in 2015, with high-conviction and high-involvement.
To that end, today we announce $1.23 billion in new funds — comprising $720 million for Eclipse Fund V and $510 million for Eclipse Early Growth Fund II — bringing our total assets under management to ~$4 billion. With this capital, we will continue to partner with founders building ambitious companies tackling the world’s most pressing challenges.
Forging the New Economy: There’s Never Been a Better Time to Rebuild Our Physical Industries. The powerful combination of people, technology, capital, and the government’s commitment will fuel the Industrial Evolution.
About the funds:
We founded Eclipse to power the Industrial Evolution, to unlock the solutions needed to build the New Economy, and to provide the operational expertise and support that founders innovating in these industries need. By working toward a clear vision and demonstrating enduring, joint resolve to achieve at every step, together founders and Eclipse can deliver on the promise of technology to solve the hard problems we are facing as a global society.
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