Two Bear Capital
Overview
Two Bear Capital is a venture capital firm that invests in brilliant entrepreneurs who have breakthrough solutions to difficult and critical problems by harnessing life sciences and technology. The firm primarily focuses on early-stage, founder-led companies with disruptive innovations in life sciences and technology, specifically in biotech, bioinformatics, healthcare IT, machine learning and AI, and information security sectors. Two Bear Capital has offices in Menlo Park, San Diego, Boston, and New York, with its home base in Whitefish, Montana.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Selector | Feb 2026 | Early Funding | Co-investor |
| Rainfall Health | Feb 2026 | Series A | Lead |
| Revenium | Nov 2025 | Seed | Lead |
| Gravwell | Oct 2025 | Series A | Lead |
| Conceal | Oct 2025 | Series B | Lead |
Key People
Michael Goguen
Founder Managing Partner
J. Seth Strattan
General Partner
Jeff Miller
Operating Partner
Eric F.
Venture Partner
John L. Sullivan
Venture Partner
Avery Sonnenberg
Partner
Cris Neckar
Partner
Kevin Day
Partner, Head Of Capital Formation
Meagan Hennig
Partner, Head Of Operations
Jenna Aronson
Principal
Tim Veil
Principal
Jennifer Howrigan
VP, Investor Relations
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
