Blue Bear Investment Group, LLC
Blue Bear is a venture capital and early growth equity firm focused on AI-powered solutions for the world’s energy, infrastructure, and climate challenges.
In the firm's own words, from its website.
28 additional co-investors and affiliates, 30 additional investments, funds and LPs, 1 event, 3 verified contacts (1 general firm email, 1 published business email, 1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 3 dealswith IA Capital Group
Invests most often alongside IA Capital Group (3 shared deals) and Az-Vc (2 shared deals).
pair last observed on record 30 Sep 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- PrincipalWhy: Principal on the deal teamNo route on file yet
Relationship network
66 connected entities5 observed rounds1 repeat counterparty2 dated rounds shown here, 2025
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Blue Bear Investment Group, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Blue Bear Investment Group, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
29 companies on record, 1 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Abatable | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| Accure | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| AI-designed, climate-resilient crops | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- ai, climate, energy, logistics, industrial
- Stages
- growth
- Geography
- los angeles
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- growth investor
Team
1 current, 0 departed
Decision makers
- Ernst Theodor Sack · PrincipalWhy this person: Principal on the deal team; Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Principal · 4 deals attributed
Contacts
1 general firm email, 1 published business email, 1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
5 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Blue Bear Impact Extension Fund, LP | Continuation vehicle | 2024 adv first reported | Early deployment | $21.8M Mar 26, 2026 | 11 | unknown | unknown |
| Blue Bear Capital Partners III, LP | Fund | 2022 form d first sale | Active deployment | $135M Mar 26, 2026 | 81 | $119M | Oct 6, 2023 |
| Blue Bear 2022 Coinvest Fund, LP | SPV or co-invest vehicle | 2022 name year | Active deployment | $17.4M Mar 26, 2026 | 41 | $0 | Dec 23, 2022 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Commonwealth Fund | FOUNDATION | Blue Bear Impact Extension Fund, LP | $2.7M fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
| Commonwealth Fund | FOUNDATION | Blue Bear Co-invest at Blue Bear Investment Group, LLC | $399,501 fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
| Rockefeller Brothers Fund Inc | FOUNDATION | Blue Bear Capital Partners III, LP | $2.5M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
31 co-investors · on 2 other DFX graphs
Co-investors
- 2026-09-303 shared deals · recurring
- 2026-09-302 shared deals · recurring
- 2026-09-302 shared deals · recurring · they led 1 · this firm led 1
Compare portfolios with IA Capital Group, Inc., Az-Vc, LLC, Blue Bear Capital or any firm. Co-investors across the market
Across DFX and the capital chainon 2 other DFX graphs · 2 capital paths ShowHide
- The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Blue Bear Investment Group, LLC is the same institution as 2 records in Allocators and RIA and Wealth.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Blue Bear Investment Group, LLC sits on 2 traced paths of capital across the graphs.
DFX traced 2 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
6 dated events, 68 observations from 3 sources
Timeline
- Mar 29, 2024Blue Bear Impact Extension Fund, LP first reported on Form ADV by Blue Bear Investment Group, LLC (Venture Capital Fund), GAV $24,692,617
- Mar 29, 2024Blue Bear 2022 Coinvest Fund, LP first reported on Form ADV by Blue Bear Investment Group, LLC (Venture Capital Fund), GAV $16,146,000
- Mar 29, 2024Blue Bear Capital Partners III, LP first reported on Form ADV by Blue Bear Investment Group, LLC (Venture Capital Fund), GAV $129,150,320
- Mar 30, 2023Blue Bear Investment Group, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
- Mar 30, 2023Blue Bear Capital Partners II, LP first reported on Form ADV by Blue Bear Investment Group, LLC (Venture Capital Fund), GAV $168,494,492
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 26, 2026 · 5 private fundsShowHide
- Headquarters
- Jackson, WYadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- bluebearcap.com
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 26, 2026
- Private funds reported
- 5 (5 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $313Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $313M across 5 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $355M across 5 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 26, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 26, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 29, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 26, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 26, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 29, 2024 | Fact | Form ADV |
| First Form ADV filing | 2023-03-30 | Mar 26, 2026 | Fact | Form ADV |
| First Form ADV filing | 2023-03-30 | Mar 29, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-26 | Mar 26, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-26 | Mar 26, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-29 | Mar 29, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 26, 2026 | Fact | Form ADV |
| SEC status effective | 2023-03-30 | Mar 26, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 26, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 29, 2024 | Fact | Form ADV |
| Business phone | Mar 26, 2026 | Fact | Form ADV | |
| Business phone | Mar 29, 2024 | Fact | Form ADV | |
| Description | Sep 30, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 12, 2026 | Fact | ||
| Headquarters | Jackson, WY | Mar 26, 2026 | Fact | Form ADV |
| Headquarters | Jackson, WY | Mar 29, 2024 | Fact | Form ADV |
| Office address | Mar 26, 2026 | Fact | Form ADV | |
| Office address | Mar 29, 2024 | Fact | Form ADV | |
| Self-described type | Growth investor | Sep 30, 2026 | Fact | |
| Self-described type | Growth investor | Sep 16, 2026 | Fact | |
| Self-described type | Growth investor | Sep 12, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 26, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 29, 2024 | Fact | Form ADV |
| Portfolio page | Sep 30, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 12, 2026 | Fact | ||
| Private funds reported | 5 | Mar 26, 2026 | Fact | Form ADV |
| Private funds reported | 5 | Mar 26, 2026 | Fact | Form ADV |
| Private funds reported | 5 | Mar 29, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $313M | Mar 26, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $313M | Mar 26, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $355M | Mar 29, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 25, 2026 | Fact | Form ADV |
| Stated geography | los angeles “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated geography | los angeles “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | los angeles “geography words on the home page” | Sep 12, 2026 | Fact | |
| Stated sectors | AI, climate, energy, logistics, industrial “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | AI, climate, energy, logistics, industrial “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, climate, energy, logistics, industrial “sector words on the home page” | Sep 12, 2026 | Fact | |
| Stated stages | growth “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | growth “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | growth “stage words on the home page” | Sep 12, 2026 | Fact | |
| Team page | Sep 30, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 12, 2026 | Fact | ||
| Venture funds reported | 5 | Mar 26, 2026 | Fact | Form ADV |
| Venture funds reported | 5 | Mar 26, 2026 | Fact | Form ADV |
| Venture funds reported | 5 | Mar 29, 2024 | Fact | Form ADV |
| Website | Mar 26, 2026 | Fact | Form ADV | |
| Website | Mar 29, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 12, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShowHide
Venture manager, reported GAV $313M across 5 vehicles
- importance
- gav: 0.45 · funds: 0.42 · people: 0.04 · investments: 0.56 · co investors: 0.6
- active deployment
- investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2025-10-07
- emerging manager
- fund count: 5 · reported gav: $313M · first adv filing: 2023-03-30 · years since first filing: 3.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Merged in2026-09-13
- Adviser's first ADV filing2023-03-30source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.