Blue Bear Capital
2024 Revenue
$3.1M(Est.)
Team
21
Founded
2016
Blue Bear Capital Revenue (2024)
Blue Bear Capital generated an estimated $3.1M in annual revenue in 2024. Source: GetLatka estimate
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 | Source |
|---|---|---|
| 2024 | Blue Bear Capital Hit $3.1m revenue in October 2024 | Estimated |
| 2023 | Blue Bear Capital Hit $2.1m revenue in December 2023 | Estimated |
| 2021 | Blue Bear Capital Hit $1.4m revenue in April 2021 | Not recorded |
| 2016 | Launched with $0 revenue |
Founder / CEO
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.
Blue Bear Capital Employees & Team Size
Blue Bear Capital employs approximately 21 people as of 2026, up from 20 in 2023.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 21 employees (October 2024) | Not recorded |
| 2023 | Reached 20 employees (December 2023) | Not recorded |
| 2022 | Reached 19 employees (December 2022) | Not recorded |
| 2021 | Reached 16 employees (December 2021) | Not recorded |
| 2021 | Reached 17 employees (April 2021) | Not recorded |
Frequently Asked Questions about Blue Bear Capital
What is Blue Bear Capital's revenue?
As of 2024, Blue Bear Capital generated an estimated $3.1M in annual revenue.
When was Blue Bear Capital founded?
Blue Bear Capital was founded in 2016.
Who is the CEO of Blue Bear Capital?
The CEO of Blue Bear Capital is Ernst Theodor.
How many employees does Blue Bear Capital have?
As of 2024, Blue Bear Capital had 21 employees.
Where is Blue Bear Capital headquartered?
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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