Eclipse Ventures
Deep tech venture firm investing in companies transforming physical industries with technology.
Eclipse isn't just another hardware fund — they're ex-operators who actually know what it takes to scale physical businesses. Greg Reichow literally built Tesla's manufacturing from scratch, and Lior survived the trenches at Flex before starting Eclipse. They don't just write checks; founders consistently praise them as 'true co-founders' who provide deep industry access and operational guidance. Their $1.2B Fund V shows they have serious firepower, but the real differentiator is their willingness to lead large rounds ($350M in Redwood Materials) and stick with companies through multiple follow-ons. The downside? They're picky as hell and focused on a narrow thesis, so if you're not solving a massive physical industry problem with serious technical moats, don't bother.
- —Best for: Deep-tech hardware founders tackling massive physical industry problems who need operational expertise
- —Known for: Ex-Tesla/operator partners who provide hands-on manufacturing and scaling guidance beyond capital
- —Watch out for: Narrow thesis focus and high selectivity — not for software-only or consumer plays
Eclipse's core thesis centers on the observation that 'digital transformation is everywhere except for where it matters.' The firm believes the world's physical industries—manufacturing, logistics, supply chain, transportation, healthcare infrastructure, and energy—have failed to keep pace with technological innovation.
Eclipse invests across pre-seed to early-growth stages in companies addressing critical infrastructure gaps in manufacturing, logistics, supply chain, transportation, healthcare, and climate technology. They primarily invest in Series A and Seed stages, with pre-seed checks ranging from $250K-$2M, seed rounds from $2M-$10M, and early growth from $5M-$25M+.
An unlikely venture capitalist who grew up on a kibbutz and served in Israeli Special Forces. Built and sold telecom company Intucell to Cisco for four years before joining Flex to lead their hardware investment platform Lab IX, where he witnessed firsthand the inefficiencies in physical industries.
Former Tesla VP of Production who led global manufacturing, factory automation engineering, supply chain and product excellence for Model S and X. Previously SVP of Operations at SunPower and held manufacturing roles in semiconductors. Known for deep operational expertise in scaling complex hardware.
Longtime Sequoia Capital partner who joined Eclipse as a full-time partner. Brings decades of venture capital experience from one of the top-tier firms in the industry.
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