Two Bear Capital is a venture capital firm. Based in Whitefish, Montana, United States. Known portfolio companies include Selector, Binarly, Graphiant, Montara Therapeutics, Conceal and Gravwell, 11 companies in all.
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Investment focus
- Sector
- AIHardwareHealthcareSaaS
Who to pitch at Two Bear Capital
Two Bear Capital portfolio companies (11)
- Selector
- Binarly
- Graphiant
- Montara Therapeutics
- Conceal
- Gravwell
- QuSecure
- FYR Diagnostics
- Revenium
- Leapfrog Bio
- Rainfall Health
Co-investors
Funds that share portfolio companies with Two Bear Capital.
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About Two Bear Capital
The firm's listing covers sectors AI, Hardware, Healthcare and SaaS, and focus areas Analytics, Biotech, Cloud Infrastructure and Cybersecurity; known deals cluster at Seed, Series A and Series B.
The team counts 7 people in our database. J. Seth Strattan (General Partner), Michael Goguen (Managing Partner) and Mark Adams (Partner) are shown as the contacts to pitch.
Two Bear Capital shares portfolio companies with 20 other investment firms, among them Gula Tech Adventures, KdT Ventures and Azure Capital Partners.
Frequently asked questions
What is Two Bear Capital?
Two Bear Capital is a venture capital firm based in Whitefish, Montana, United States, with a known portfolio of 11 companies. The portfolio comes from public investment records rather than from the firm, so deals that never surfaced publicly are not in it.
What does Two Bear Capital invest in?
Listed sectors include AI, Hardware, Healthcare and SaaS; listed focus areas include Analytics, Biotech, Cloud Infrastructure and Cybersecurity. Those tags come from the portfolio attached to the firm, so they describe what has been backed rather than a stated mandate for what comes next.
What stage does Two Bear Capital invest at?
The known deals of Two Bear Capital include Seed, Series A and Series B rounds. Check that against your own round before reaching out: stage mismatch is the most common reason a well matched sector still goes nowhere.
Who should I pitch at Two Bear Capital?
3 of the 7 people on file at Two Bear Capital are listed as contacts for the firm. All 7 have their own profile page.
How do I contact Two Bear Capital?
Any email address on file for the firm is masked on this page and readable inside RaiseHunt after you create an account. The 7 people attached to the firm have their own pages, each showing whether an address is on file for them.
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Data: RaiseHunt investor dataset · Snapshot 5 September 2026 · How this data is built · Report a correction or request removal