Two Bear Capital

Two Bear Capital is a venture capital firm founded in 2019 and based in Whitefish, Montana, with additional offices in San Francisco and San Diego. It concentrates on early-stage investments in technologies addressing health, security and wellness, including biotech, bioinformatics, machine learning and artificial intelligence, cybersecurity and healthcare information technology. The firm targets opportunities in Montana and the Pacific Northwest and seeks disruptive innovations at the intersections of its focus areas. It operates as a registered investment adviser.

Mark Adams

Venture Partner

Jenna Aronson

Associate

Kevin Day

Partner, Head of Capital Formation

Michael Goguen

Managing Partner

Rachel Tsunemoto Hislop

Principal

Past deals in Montana

Inimmune

Series A in 2020
Founded in 2016, Inimmune is a biotechnology company based in Missoula, Montana. It specializes in the discovery and development of novel immunotherapeutics to treat or prevent conditions such as oncology, allergic rhinitis, food allergy, infectious diseases, and bacterial infections.

FYR Diagnostics

Convertible Note in 2020
FYR Diagnostics is a biotechnology company founded in 2016 and based in Missoula, Montana. It specializes in developing biomarker detection technology aimed at addressing chronic diseases in both human healthcare and agriculture. The company focuses on tackling significant unmet clinical needs by commercializing novel technologies that enhance the prediction, diagnosis, and management of diseases. By doing so, FYR Diagnostics enables healthcare industries to improve the treatment and diagnostic processes for disorders in humans and agriculture that currently have limited effective solutions.
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