# Two Bear Capital

> Two Bear Capital is a VC fund in Whitefish backing Biotechnology and Software. See 43 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Whitefish, United States
- Total investments: 43
- Last investment: Feb 2026
- Lead investor: 74%
- Last fund: May 2024
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/twobearcapital/
- Website: https://twobearcapital.com/

Two Bear Capital is a VC fund in Whitefish focused on Biotechnology and Software. Two Bear Capital invests in early-stage companies with disruptive innovations at the intersections of biotech, bioinformatics, machine learning / AI, and cybersecurity that deliver dramatically better solutions to the most critical problems affecting human health, security and wellness.

## Contacts

5 contacts available for Two Bear Capital. Shizune tracks 10 team members at Two Bear Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/two-bear-capital?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Biotechnology | 8 | 19% |
| Software | 6 | 14% |
| Health Care | 6 | 14% |
| Information Technology | 6 | 14% |
| Cyber Security | 4 | 9% |

42 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 11 | 26% |
| Seed | 8 | 19% |
| Series B | 5 | 12% |
| Funding Round | 2 | 5% |
| Convertible Note | 2 | 5% |

7 stages tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Bridget Martell | Biotechnology Operating Partner | 0 | https://shizune.co/investors/profile/bridget-martell-69b6 |
| Cris Neckar | Partner | 4 | https://shizune.co/investors/profile/cris-neckar-a44f |
| Jeff Miller | Operating Partner | 0 | https://shizune.co/investors/profile/jeff-miller-6 |
| Jenna (Garr) Aronson | Principle | 2 | https://shizune.co/investors/profile/jenna-garr-aronson |
| Jennifer Howrigan | VP, Investor Relations | 0 | https://shizune.co/investors/profile/jennifer-howrigan-64b8 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Rainfall Health | Rainfall Health was established to help bridge the gap in providing access to quality healthcare in medical deserts. | $15M | Series A | Feb 18, 2026 |  |
| Selector | Selector AI is a platform for operational intelligence of multi-cloud infrastructure and performance-sensitive managed services. By adopting an AI/ML-based data analytics approach, Selector AI provides actionable multi-dimensional insights to network, cloud, and application operators. Their customers can meet their service KPIs throughseamless collaboration on messaging platforms, search-driven querying with a conversational user experience, and automated data engineering pipelines. | $32M | Series B | Feb 18, 2026 |  |
| Leapfrog Bio | Leapfrog Bio is developing targeted therapies for cancers caused by genetic mutations that are resistant to conventional treatment. The company was founded in 2019 and is headquartered in South San Francisco, California. |  | Seed | Jan 12, 2026 |  |
| Revenium | Revenium helps monetize AI workloads. It provides services to organizations to help them make AI usage governable and profitable. The platform provides real-time insights into AI usage and spend to help clients track trends and spikes in the financial sector. | $13.5M | Seed | Nov 20, 2025 |  |
| Conceal | NetAbstraction is a network engineering and cybersecurity firm intended to protect customer activities on the internet. | $26M | Series B | Oct 16, 2025 |  |
| FYR Diagnostics | FYR Diagnostics develops biomarker detection technology to combat chronic diseases in both human healthcare and agriculture. The company was founded in 2016 and is headquartered in Missoula, Montana. | $8M |  | Sep 24, 2025 |  |
| FYR Diagnostics | FYR Diagnostics develops biomarker detection technology to combat chronic diseases in both human healthcare and agriculture. The company was founded in 2016 and is headquartered in Missoula, Montana. | $8M |  | Sep 24, 2025 |  |
| Graphiant | Graphiant is a venture-funded stealth startup working on next-generation networking technologies. It was founded in 2020 and is headquartered in San Francisco, California. | $19M | Series B | May 19, 2025 |  |
| Montara Therapeutics | Montara Therapeutics is a biotechnology company. | $20M | Seed | Mar 13, 2025 |  |
| Montara Therapeutics | Montara Therapeutics is a biotechnology company. | $20M | Seed | Mar 13, 2025 |  |

10 of 43 investments shown.

## Co-investors
- [Atlantic Bridge](https://shizune.co/investors/profile/atlantic-bridge) — VC Fund, 6 deals together
- [Dementia Discovery Fund](https://shizune.co/investors/profile/dementia-discovery) — VC Fund, 6 deals together
- [Dolby Family Ventures](https://shizune.co/investors/profile/dolby-family-ventures) — VC Fund, 6 deals together
- [KdT Ventures](https://shizune.co/investors/profile/kdt-ventures) — VC Fund, 6 deals together
- [AllegisCyber](https://shizune.co/investors/profile/allegis-capital) — VC Fund, 3 deals together
- [BEVC](https://shizune.co/investors/profile/bevc) — VC Fund, 3 deals together

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## FAQ

### What does Two Bear Capital invest in?

Two Bear Capital invests primarily in Biotechnology, Software and Health Care startups, most often at Series A and Seed stage. Most of the 43 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Two Bear Capital?

Public channels for Two Bear Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Two Bear Capital?

The team at Two Bear Capital includes Bridget Martell (Biotechnology Operating Partner), Cris Neckar (Partner) and Jeff Miller (Operating Partner), among 10 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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