Blue Bear Capital
2024 Revenue
$3.1M
Funding
$0
YOY
43.7%
Team
21
Founded
2016
How Blue Bear Capital CEO Ernst Theodor grew to $3.1M revenue with a 21 person team in 2024.
Blue Bear Capital is a venture capital firm focused on accelerating intelligent, sustainable, and high-value solutions for the energy industry. The firm invests in data-driven technologies like artificial intelligence, machine learning, IoT, big data and cybersecurity.
Last updated
Blue Bear Capital Revenue
In 2024, Blue Bear Capital's revenue reached $3.1M. The company previously reported $2.1M in 2023. Since its launch in 2016, Blue Bear Capital has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Blue Bear Capital Hit $3.1m revenue in October 2024 | |
| 2023 | Blue Bear Capital Hit $2.1m revenue in December 2023 | |
| 2021 | Blue Bear Capital Hit $1.4m revenue in April 2021 | |
| 2016 | Launched with $0 revenue |
Blue Bear Capital Valuation, Funding Rounds
Blue Bear Capital is a bootstrapped IoT Analytics Platforms startup. Founded in 2016, Blue Bear Capital has grown to $3.1M in revenue without raising any venture capital or outside funding.
As a self-funded IoT Analytics Platforms SaaS company, Blue Bear Capital has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founders
Ernst Theodor
CEO
Ernst is a Partner of Blue Bear and helps manage the firm’s investment activities. Ernst has participated on the Boards of Directors of over twenty conventional and renewable energy companies, and is currently an observer or director on the boards of Blue Bear portfolio companies Shoreline, Omnidian, Element Analytics, Everactive, and Raptor Maps. Before Blue Bear, Ernst spent nine years at Riverstone, a leading energy specialist private equity firm with over $35 billion in assets under management covering over 120 companies. He is also a Mentor in the Techstars Energy Accelerator. Since 2012 Ernst has been an active independent investor in technology-enabled businesses disrupting traditional industries. Previously, he worked in the Mergers & Acquisitions team at Citigroup covering the oil and gas, renewable energy, and transportation sectors. Ernst graduated with honors from Georgetown University with a degree in Science, Technology & International Affairs. He received his M.B.A. from Columbia Business School and London Business School through a joint degree program.
Hank Hattemer
COO & General Counsel
Hank Hattemer is listed as COO & General Counsel at Blue Bear Capital.
Q&A
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|---|---|
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Customers
We do not have customer count information for Blue Bear Capital yet.
Blue Bear Capital Employees & Team Size
Blue Bear Capital employs approximately 21 people as of 2026, up from 20 in 2023.
| Year | Milestone |
|---|---|
| 2024 | Reached 21 employees (October 2024) |
| 2023 | Reached 20 employees (December 2023) |
| 2022 | Reached 19 employees (December 2022) |
| 2021 | Reached 16 employees (December 2021) |
| 2021 | Reached 17 employees (April 2021) |
Frequently Asked Questions about Blue Bear Capital
What is Blue Bear Capital's revenue?
Blue Bear Capital generates an estimated $3.1M in annual revenue.
Who is the CEO of Blue Bear Capital?
The CEO of Blue Bear Capital is Ernst Theodor.
How much funding does Blue Bear Capital have?
Blue Bear Capital is bootstrapped and has not raised outside funding.
How many employees does Blue Bear Capital have?
Blue Bear Capital has 21 employees.
Where is Blue Bear Capital headquarters?
Blue Bear Capital is headquartered in United States.
Compare Blue Bear Capital to the industry
Blue Bear Capital operates across multiple industries. Browse revenue, funding, and growth data for Blue Bear Capital in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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