Eclipse eclipses previous fundraises with a whopping $1.23 billion across two new funds

The market may be be tightening, but not for Eclipse Ventures, a Palo Alto-based venture firm that just raised $1.2 billion across two new funds. One fund, with $720 million in capital commitments will be invested in early-stage outfits, as well as companies that Eclipse itself incubates. The remaining $510 million will be funneled into growth-stage companies, including outfits that have never before raised outside capital but that also fit into Eclipse’s broader themes. The vehicles bring the firm’s capital under management to $4 billion.
That’s a lot for a venture firm that

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