Certified by Founder Lodge 
                                        
                                        Two Bear Capital
 
                                                 United States  -  Whitefish, MT 
                                             INVESTOR 
                                            
                                                                                    1 Disclosed Funding Rounds $7,500,000
                                            17 Participating Investments
- 
                                                Operating Status 
                                                
Active
 - 
                                                Last Funding Type 
                                                
Seed
 - 
                                                Company Type 
                                                
For Profit
 - Website
 - Contact
 - Social Links
 
                                            Two Bear Capital (TBC) was founded and is led by venture capitalist and Montana philanthropist Michael Goguen with professionals in Whitefish, Montana, the San Francisco Bay area, San Diego a
                                        
                                        
                                        
                                                                                
                                        
                                        
                                        
                                        
                                                                                
                                        | Company | Date | Round | Raised | 
|---|---|---|---|
   BINARLY🔬 | 
                                                            March, 27 ,2024 | Seed | $10,500,000 | 
   QuSecure | 
                                                            February, 21 ,2025 | Series A | $28,000,000 | 
   Elisity | 
                                                            April, 30 ,2024 | Series B | $37,000,000 | 
   Abilita Bio, Inc. | 
                                                            February, 22 ,2023 | Unknown | $7,500,000 | 
   Talus Bio | 
                                                            August, 21 ,2024 | Seed | $11,200,000 | 
   Selector | 
                                                            March, 15 ,2022 | Series A | $33,000,000 | 
   Graphiant | 
                                                            April, 04 ,2023 | Series B | $62,000,000 | 
   QuSecure | 
                                                            February, 21 ,2025 | Series A | $28,000,000 | 
   Dymium, Inc | 
                                                            March, 21 ,2024 | Unknown | $7,000,000 | 
   FYR Bio | 
                                                            September, 25 ,2025 | Unknown | $8,000,000 | 
   BINARLY🔬 | 
                                                            March, 27 ,2024 | Seed | $10,500,000 | 
   Gravwell | 
                                                            October, 22 ,2025 | Series A | $15,400,000 | 
   Elisity | 
                                                            April, 30 ,2024 | Series B | $37,000,000 | 
   Talus Bio | 
                                                            August, 21 ,2024 | Seed | $11,200,000 | 
   QuSecure | 
                                                            February, 21 ,2025 | Series A | $28,000,000 | 
   FYR Bio | 
                                                            September, 25 ,2025 | Unknown | $8,000,000 | 
   Gravwell | 
                                                            October, 22 ,2025 | Series A | $15,400,000 | 
                                                
  BINARLY🔬
  QuSecure
  Elisity
  Abilita Bio, Inc.
  Talus Bio
  Selector
  Graphiant
  Dymium, Inc
  FYR Bio
  Gravwell
Cherry Ventures
 
                                            
Blue Bear Capital
Slow Ventures
Climate Capital
Eniac Ventures
                                                                        
                                Helex |  $3,500,000  | (Nov 4, 2025)
                                                                        
                                xMEMS |  $21,000,000  | (Nov 4, 2025)
                                                                        
                                catalyx space |  $5,400,000  | (Nov 4, 2025)
                                                                        
                                Cephia AI |  $4,000,000  | (Nov 4, 2025)
                                                                        
                                Ornn |  $5,700,000  | (Nov 4, 2025)