Two Bear Capital is a venture capital firm founded in 2019 by Michael Goguen, a seasoned venture capitalist and philanthropist. The firm is headquartered in Whitefish, Montana, with additional offices in Menlo Park, New York, San Diego, and Boston. Two Bear Capital focuses on investing in early-stage, founder-led companies that are developing disruptive innovations in biotechnology, bioinformatics, healthcare IT, machine learning and AI, and information security.

The firm's mission is to build enduring, high-impact businesses that address urgent, complex problems by harnessing life sciences and technology. By leveraging its deep industry expertise and extensive network, Two Bear Capital aims to support visionary entrepreneurs in bringing meaningful ideas to market. The firm has been actively expanding its team and operations, including the opening of a New York headquarters in October 2023 and the appointment of key executives to strengthen its presence in the biotechnology and information security sectors.