VC firm
Eclipse Ventures
Also known as Eclipse, Eclipse Continuity, Eclipse Continuity Fund I, L.P., Eclipse Early Growth, Eclipse Early Growth Fund I, L.P., Eclipse Early Growth Fund II, L.P., Eclipse Early Growth Fund III, L.P., Eclipse Operations, LLC
- Investor type
- VC
- Investing status
- Activeas of 2026-09-28
- Headquarters
- Palo Alto, California, United States
- Assets under management
- $7.4BForm ADV private fund GAV, as of 2026-03-26Source (opens in a new tab)
- Latest fund size
- $591MSEC amount sold, as of 2026-03-31Source (opens in a new tab)
- Funds
- 60
- Legal name
- ECLIPSE OPERATIONS, LLC
- eclipse.capital (opens in a new tab)
- LinkedIn (opens in a new tab)
- X (opens in a new tab)
- Crunchbase (opens in a new tab)
- Team page (opens in a new tab)
Record updated 30 September 2026
About
Eclipse (branded 'Operators with Capital') is a venture capital firm founded by Lior Susan in late 2014 that invests in entrepreneurs building the next generation of companies in the physical economy -- industries that determine resilience, competitiveness, and security. The team has operating backgrounds building factories, shipping hardware, and scaling supply chains, and works alongside founders from Day Zero through IPO. Portfolio companies span advanced compute, manufacturing, robotics/industrial automation, defense & security, transportation & mobility, energy & electrification, logistics & supply chain, and healthcare.
Investment approach
- Thesis
- We didn’t leave industry to stop building. We left to help entrepreneurs rebuild the industries that power our world.Source (opens in a new tab)
- Investing status notes
- Site is current (© 2026 Eclipse) with news/portfolio announcements dated through September 2026 and a large, actively maintained team and portfolio.
Funds
- Eclipse Early Growth Fund III, L.P.
- $591MVintage 2026, Main fund, SEC amount sold
- Eclipse SPV XXXII, L.P.
- $51MVintage 2026, Main fund, SEC amount sold
- Eclipse SPV XXXI, L.P.
- $25MVintage 2026, Main fund, SEC amount sold
- Eclipse SPV XXXIII, L.P.
- Vintage 2026Main fund
- Eclipse SPV XXVIII, L.P.
- $31MVintage 2025, Main fund, SEC amount sold
- Eclipse SPV XXII, L.P.
- Vintage 2025Main fund
- Eclipse SPV XXIII, L.P.
- Vintage 2025Main fund
- Eclipse SPV XXX, L.P.
- Vintage 2025Main fund
- Eclipse SPV XXV, L.P.
- Vintage 2025Main fund
- Eclipse SPV XXVII, L.P.
- Vintage 2025Main fund
- Eclipse SPV XXIV, L.P.
- Vintage 2025Main fund
- Eclipse SPV XXIX, L.P.
- Vintage 2025Main fund
- More funds
- 48 more recorded
SEC registration
- Registered adviser
- ECLIPSE OPERATIONS, LLC
- CRD number
- 255789 (opens in a new tab)
- SEC file number
- 802-101492
- Registration
- Exempt reporting adviser
- Regulatory AUM
- $7.4Bas of 2026-03-26
- Private funds reported
- 42
- Principal office
- PALO ALTO, CA, United States
- SEC CIK
- 1675126, 1735526, 1791665
Locations
- Headquarters
- Palo Alto, California, United States
- Office
- New York, United States