Blue Bear Investment Group, LLC
SEC exempt reporting adviser (venture capital exemption).
- Website
- https://www.bluebearcap.com
- HQ
- WY
Blue Bear Investment Group is a venture capital and early growth equity firm focused on AI-powered solutions for energy, infrastructure, and climate challenges. Its portfolio companies work in areas such as carbon offset procurement, grid capacity software, and industrial safety risk prevention.
New fund likely raising soon
The firm's newest fund is 4 to 7 years past its first sale and no newer Form D has been filed.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Not stated | Not enough dated deals | Series A, Seed, Series B |
| Sectors | Climate software, Energy, Logistics, Manufacturing | Not enough dated deals | Energy, Hardware, Data analytics, Enterprise SaaS, AI applications, Ecommerce, Logistics |
| Regions | Not stated | Not enough dated deals | TX, CA |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2017 | 4 | Hardware, Cybersecurity, Data analytics |
| 2018 | 6 | Energy, Hardware, AI applications |
| 2019 | 6 | Energy, Hardware, Ecommerce |
| 2020 | 4 | Data analytics, Enterprise SaaS, AI applications |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2017 | 0 | 2 | 0 | 0 | 0 |
| 2018 | 1 | 1 | 4 | 0 | 0 |
| 2019 | 0 | 1 | 2 | 2 | 0 |
| 2020 | 0 | 1 | 1 | 1 | 0 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Blue Bear Capital Partners III, LP Blue Bear is a venture capital and early growth equity firm backing entrepreneurs building AI-powered digital technology companies for energy, electric grid, transportation, manufacturing, and climate industries, including storm and wildfire protection, pollution reduction, and water and land management. Inferred from the firm's website | 2022 | $118.56M to $129.15M (Form D and SEC adviser filing) | Late investment period |
03 · People across funds
- Ernst Sack
Blue Bear Capital Partners III, LP (Named on Form D)
- Alex T. Krueger, Advisor
- Carolin Funk, Partner
- Hank Hattemer, General Counsel & COO
- Jacquelynn Craw, Advisor
- Jeff Fleming, Senior Operations Associate
- Joel Moxley, Advisor
- Lord Browne of Madingley, Advisor
- Martin Rajcan, Venture Partner
- Paige Carratturo, Talent Partner
- Ray Abbiatici, Investor
- Riaz Siddiqi, Advisor
- Robert MacInnis, Ph.D., Partner & CTO
- Thomas Ferguson, Investor
- Tim Kopra, Advisor
- Vaughn Blake, Partner
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- https://www.bluebearcap.com
- https://airtable.com/embed/app5xjdUBZ9kVQzpS/pagl2oan6ogaIhbV9/form
- https://bluebearcap.com/team/
- https://bluebearcap.com/portfolio-companies/
- https://bluebearcap.com/
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026