Two Bear Capital
Est. dry powder
$120.5M
Raised, not yet invested
AUM
—
Not reported
Latest fund
—
Two Bear Capital SPV VIII, size not reported
Est. cheque size
$100K–
From fund sizes
Deals, last 12 months
3
Last seen investing Feb 2026
About Two Bear Capital
Two Bear Capital is a US-based venture capital and private equity firm that invests in early-stage companies across numerous markets, including AI, cybersecurity, biotechnology, bioinformatics, healthcare IT, and information security. Two Bear Capital focuses on economic development by investing in companies with disruptive innovations that are built to deliver dramatically positive solutions to problems such as human health, security, and wellness.
- Type
- Venture Capital Firm
- Headquarters
- Whitefish, Montana, US
- Stages
- SeedSeries ASeries BEarly Stage
- Est. cheque size
- $100K–$562.5K
- Sectors
- Diversified
- Regions
- North America
Where they invest
From deals and portfolio companies on record
Most frequent rounds
- Series A11
- Seed9
- Series B7
Across 27 deals
Portfolio sectors
- Software9
- Biotechnology5
- IT Security/Cybersecurity4
- Healthcare IT1
- Pharmaceuticals1
Across 20 companies
Portfolio countries
- US20
Across 20 companies
Recent investments
Newest 5 of 27
- Series B$26M
Selector Software, Inc.
Feb 2026 · Series B
- Series A$15M
Rainfall Health
Feb 2026 · Series A
- Seed$13.5M
Revenium Inc.
Nov 2025 · Seed
- Series A$15.4M
Gravwell, Inc.
Oct 2025 · Series A
- Series B$26M
Conceal, Inc.
Oct 2025 · Series B
Offices
2 locations
- Whitefish, Montana, USHQ
- New York, New York, US
Questions about Two Bear Capital
How much does Two Bear Capital invest per deal?
Based on the size of its funds, Two Bear Capital writes estimated cheques of $100K–$562.5K. Lead cheques usually sit at the top of that range and follow-on cheques lower.
What stages does Two Bear Capital invest in?
Two Bear Capital has invested at Seed, Series A, Series B and Early Stage. Its most frequent rounds on record are Series A, Seed and Series B.
How much capital does Two Bear Capital have left to invest?
Two Bear Capital has an estimated $120.5M in dry powder: capital it has raised but not yet invested.