
Two Bear Capital
Description
Two Bear Capital is a venture capital firm based in Whitefish, Montana, established in 2019. The firm is dedicated to investing in early-stage companies that are developing disruptive innovations across critical sectors. With a strong emphasis on technology and life sciences, Two Bear Capital seeks out opportunities where groundbreaking solutions can address significant market needs and generate substantial value. The firm successfully raised $140 million for its inaugural fund, signaling its commitment to empowering the next generation of innovative enterprises.
The investment strategy of Two Bear Capital is primarily focused on Seed, Series A, and Series B rounds, targeting companies with high growth potential. Their sector interests are diverse yet strategic, encompassing areas such as Life Sciences, Biotechnology, Artificial Intelligence/Machine Learning, Cybersecurity, Enterprise Software, and Digital Health. The team at Two Bear Capital prides itself on bringing more than just capital to the table; they offer deep operational experience, scientific expertise, and a robust global network to support founders in scaling their businesses effectively. This hands-on approach is designed to accelerate the development and market penetration of their portfolio companies.
Typically, Two Bear Capital deploys initial investments ranging from $2 million to $10 million, with the capacity for follow-on funding to support portfolio companies through subsequent growth stages. This flexible check size allows them to engage with a broad spectrum of early-stage ventures, from nascent startups requiring foundational capital to more mature Series B companies poised for significant expansion. Their strategic location in Montana, while not a traditional VC hub, underscores their unique approach to sourcing and nurturing innovation, often looking beyond conventional tech centers to find promising opportunities. The firm's commitment to fostering innovation in critical sectors positions it as a key player in the early-stage investment landscape.
Investor Profile
Two Bear Capital has backed more than 26 startups, with 6 new investments in the last 12 months alone. The firm has led 20 rounds, about 77% of its total and boasts 0 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Seed, Series B rounds (top funding stages).
- Majority of deals are located in United States.
- Strong thematic focus on Software, Biotechnology, Information Technology.
- Led 3 rounds in the past year.
- Typical check size: $2M – $10M.
Stage Focus
- Series A (35%)
- Seed (31%)
- Series B (19%)
- Convertible Note (8%)
- Pre Seed (4%)
- Series Unknown (4%)
Country Focus
- United States (100%)
Industry Focus
- Software
- Biotechnology
- Information Technology
- Artificial Intelligence (Ai)
- Health Care
- Biopharma
- Therapeutics
- Cyber Security
- Network Security
- Analytics
Frequently Asked Questions
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