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The Venture Codex

Blue Bear Capital

10250 Constellation Boulevard Suite 100, Los Angeles, California, 90067, United States

Overview

Venture capital investor in AI and data-driven energy technologies.

Founded

2016

Deals · 12mo

2

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series A

Geographic focus

Germany
United States

Sector focus

CleanTech
Energy
Financial Services
Industrial
...

Investment portfolio

51rounds
NAMEDATESIZE
Lastwall
May 2026Participated
$16 MSeries A
Hydrosat
Jan 2026Participated
$60 MSeries B
Energy Robotics
Oct 2025Led
$14 MSeries A
The Nuclear Company
Sep 2025Led
$11 MSeries A
Nuclearn
Sep 2025Led
$11 MSeries A
Splight
Aug 2025Led
$12 MOther Equity
Warp
Jun 2025Led
$10 MSeries A
Ocient
Apr 2025Participated
$42 MSeries B
Topanga
Mar 2025Led
$8 MSeries A
ACCURE Battery Intelligence
Feb 2025Participated
$16 MSeries B
First Resonance
Dec 2024Participated
$13 MOther Equity
Raptor Maps
Dec 2024Participated
$35 MSeries C
Lastwall
May 2026Participated
$16 MSeries A
Hydrosat
Jan 2026Participated
$60 MSeries B
Energy Robotics
Oct 2025Led
$14 MSeries A
The Nuclear Company
Sep 2025Led
$11 MSeries A
Nuclearn
Sep 2025Led
$11 MSeries A
Splight
Aug 2025Led
$12 MOther Equity
Warp
Jun 2025Led
$10 MSeries A
Ocient
Apr 2025Participated
$42 MSeries B
Topanga
Mar 2025Led
$8 MSeries A
ACCURE Battery Intelligence
Feb 2025Participated
$16 MSeries B
First Resonance
Dec 2024Participated
$13 MOther Equity
Raptor Maps
Dec 2024Participated
$35 MSeries C
51
Items
...
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Insights

Time horizon

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Deal Distribution

Blue Bear Capital: 51 funding rounds are recorded in the selected participation categories.All available history.
Blue Bear Capital: 51 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed52
Series A1312
Series B07
Series C+02
Other Equity37

Monthly Deal Activity

Blue Bear Capital: 51 deals are recorded across 106 months.All available history.
Blue Bear Capital: 51 deals are recorded across 106 months. All available history
MonthDeals
Jan '181
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '181
Sep '180
Oct '181
Nov '180
Dec '181
Jan '190
Feb '191
Mar '190
Apr '190
May '190
Jun '192
Jul '190
Aug '191
Sep '190
Oct '190
Nov '192
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '201
Jun '201
Jul '200
Aug '201
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '211
Mar '211
Apr '210
May '210
Jun '211
Jul '210
Aug '211
Sep '212
Oct '211
Nov '210
Dec '212
Jan '220
Feb '220
Mar '221
Apr '221
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '231
Feb '231
Mar '231
Apr '230
May '231
Jun '230
Jul '230
Aug '233
Sep '231
Oct '232
Nov '231
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '241
Sep '241
Oct '242
Nov '240
Dec '242
Jan '250
Feb '251
Mar '251
Apr '251
May '250
Jun '251
Jul '250
Aug '251
Sep '252
Oct '251
Nov '250
Dec '250
Jan '261
Feb '260
Mar '260
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Blue Bear Capital: Clean Energy & Sustainability is the largest displayed sector by deal count (24 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Blue Bear Capital: Clean Energy & Sustainability is the largest displayed sector by deal count (24 deals). All available history
SectorDeals
Clean Energy & Sustainability24
Enterprise Software20
Networks, Cloud & Communication13
AI & Machine Learning12
Data, Analytics & IT11
Fintech11
Space & Frontier Tech10
Real Estate & Construction8
Professional Services8
Transportation & Logistics7
Hardware & Robotics7
Manufacturing3
Food & Agriculture3
Government & Defense2
Cybersecurity & Privacy2
E-Commerce & Retail1
Media & Entertainment1

Deal Size Distribution

Blue Bear Capital: 51 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Blue Bear Capital: 51 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M15
$10M-$25M19
$25M-$50M7
$50M-$100M2
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Blue Bear Capital: United States has the largest recorded deal count among the displayed regions (42 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Blue Bear Capital: United States has the largest recorded deal count among the displayed regions (42 deals). All available history
RegionDeals
United States42
Europe7
Mexico1
Canada1
Blue Bear Capital: 20 co-investors are shown, with Congruent Ventures sharing 7 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Blue Bear Capital: 20 co-investors are shown, with Congruent Ventures sharing 7 recorded deals. All available history
Co-investorShared deals
Congruent Ventures7
National Grid Partners7
HSBC6
IA Capital Group5
Capnamic Ventures4
ABB Technology Ventures3
Activate Capital3
Bowery Capital3
Buoyant Ventures3
Evergy Ventures3
OGCI Climate Investments3
Riverstone Holdings3
42CAP2
Avista Development2
AZ-VC2
Bull Creek Capital2
City Light Capital2
Craft Ventures2
Crosslink Capital2
Cultivation Capital2

Investment Strategy

Blue Bear Capital: Led accounts for 41% and participating for 59% of round participation.All available history.
Blue Bear Capital: Led accounts for 41% and participating for 59% of round participation. All available history
CategoryDeals (count)Share (%)
Led2141%
Participating3059%
Blue Bear Capital: Single-lead accounts for 62% and co-led for 38% of lead dynamics.All available history.
Blue Bear Capital: Single-lead accounts for 62% and co-led for 38% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1362%
Co-led838%

Team

Carolin Funk

Partner

Ernst Theodor

Partner

Hank Hattemer

COO & General Counsel

Joel Moxley

Limited Partner Advisory Committee (LPAC)

Peter Gutman

Investor & Advisor

Robert MacInnis

Partner

Vaughn Blake

Partner