Investor Type | Firm |
Industries | BioTech • Businesses Solutions • A.I. (& Big Data) • HealthTech (& Fitness) • Web Security (& Privacy) • Cloud Services (& Infrastructure) • Developer tools • Material Science • Medical Devices (& Hospital Services) • Healthcare (& Wellness) • Mobility • Consumer • Pharmaceutical (& Medicine) • Woman Focused |
Stages | Early, Series A, Series B, Seed |
Investing | United States • Israel |
Investment Range | $1,000,000 - $20,000,000 |
Investment Sweet Spot | $10,000,000 |
Two Bear Capital (TBC) is an investment fund that operates across several dynamic sectors with a strong focus on technologies pushing the boundaries of human health, security, and wellness. Based in Whitefish, Montana, the firm also has a presence in key innovation hubs including the San Francisco Bay area, San Diego, Boston, Menlo Park, and New York, which allows them to be where innovation lives and thrives. Founded and led by venture capitalist and philanthropist Michael Goguen, TBC concentrates on early stage companies that bring disruptive innovations to the market notably at the intersection of biotech, bioinformatics, machine learning/AI, and cybersecurity. They look for companies that offer dramatically better solutions to critical problems in these sectors. They are particularly interested in biotech, genomics, data infrastructure, AI, business solutions, healthtech and fitness, web security and privacy, cloud services and infrastructure, developer tools, material science, medical devices and hospital services, healthcare and wellness, mobility, consumer, pharmaceuticals and medicine, and have a focus on empowering woman focused enterprises. With investments ranging from $100,000 to $5,000,000, TBC's sweet spot for investment is around $1,500,000. The firm targets early stage ventures, including seed to series B rounds, and emphasizes partnering with founders—often scientists and technologists—who possess deep domain expertise and a clear vision for transforming their industries.