Eclipse Ventures has closed $1.3 billion across two new funds to invest in companies building the next generation of physical industries and industrial technology, marking its largest fundraising round to date.

Eclipse's new capital injection brings its total assets under management to approximately $10 billion. This solidifies its position as a leading "hard tech" investor, providing substantial dry powder to back founders in manufacturing, robotics, and supply chain logistics, sectors undergoing rapid, AI-driven transformation at the intersection of digital and physical worlds.

What We Know So Far

  • Eclipse Ventures has secured $1.3 billion in new capital across two distinct fund vehicles, as confirmed by multiple reports.
  • The new funds are Eclipse Fund VI and Early Growth Fund III, which will target companies at different stages of development, according to a report from The Next Web.
  • This represents the firm's largest fundraising effort to date, surpassing the $1.23 billion it raised in 2023, as reported by TechFundingNews.
  • With this new capital, Eclipse's total assets under management have grown to approximately $10 billion, underscoring its scale in the venture capital ecosystem.
  • The firm's investment thesis remains focused on what it calls "physical AI," targeting companies that integrate artificial intelligence into industrial hardware and real-world systems.

Eclipse Ventures New Fund Investment Strategy

Founded in 2015 by Lior Susan, Eclipse has built its strategy on the premise that the most consequential technological advancements of the coming decades will occur in physical industries. The firm, with offices in Palo Alto and New York City, argues that foundational sectors of the economy—manufacturing, logistics, energy, and transportation—are ripe for disruption through the integration of modern data stacks, AI, and robotics. This new $1.3 billion in capital is a direct continuation and expansion of that core thesis.

The capital is divided between two vehicles designed to support companies across their lifecycle. However, initial reports show a discrepancy in how the funds are allocated. According to The Next Web, the larger vehicle, Eclipse Fund VI, has raised $720 million for early-stage investments, while Early Growth Fund III has closed on $591 million to support companies as they approach commercial scale. Conversely, other outlets, including Ventureburn, report that the $591 million fund is designated for early-stage companies, with the larger fund targeting later-stage growth opportunities. This highlights the different ways fund structures can be reported but confirms a dual-pronged strategy to invest from seed to growth stages.