Investor profile

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Blue Bear Ventures

Micro-fund

USDeep TechAI/MLBio/PharmaHealthtechClimateEnterprise

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Investment thesis

Blue Bear Ventures (BBV) is a seed-stage deep tech fund that spun out of UC Berkeley's CITRIS Foundry accelerator, born from the desire to see innovative technologies put to practical use to improve quality of life. BBV engages founders working on the frontiers of science and technology with the ambition to solve the most pressing challenges in the world today — spanning Sustainable Economies, Applied Biology, and Emerging Tech. The firm invests exclusively in co-founding teams of scientists and engineers from elite research universities (UC Berkeley, UCSF, MIT, Stanford), providing patient capital, deep technical mentorship, and access to UC Berkeley's innovation ecosystem and BCG's corporate networks. BBV prefers to be the first institutional investor, typically leading or co-leading seed rounds, and maintains follow-on reserves to support portfolio companies through their entire journey.

Notable quotes

As an inexperienced founder, the advice I received from BBV in my early days was unparalleled… BBV listened, trusted, and (were) honest with the founders.

Hyo Min Park · bbv.io (founder testimonial)

BBV's team is very sincere about wanting the founders to be successful as they continuously try to go above and beyond to help you - I realized this during the Series A and I'm very appreciative of that from the team.

Jonathan Tan · bbv.io (founder testimonial)

The BBV team continues to act as an amazing sounding board that offers a depth of experience and diverse points of view as we work to address key areas of risk across our business. We would not be here today if it were not for their early mentorship and support.

Tara deBoer · bbv.io (founder testimonial)

Team

Alic Chen

Managing Partner

Deep TechAI/MLHealthtechBio/Pharma

Patrick Scaglia

Founding Partner / Chairman

Deep TechEnterpriseAI/ML

Marianne Abib-Pech

Managing Partner

Deep TechClimateBio/Pharma

Deepak Gupta

General Partner (BBV Fund I)

Deep TechFintech

Irfan Vissandjee

Principal

Deep TechBio/Pharma

Linda Maduwura

CFO

Recent investments

CompanyRoundSizeDate
Ayar LabsSeed2015
AlunaSeed
Coreshell TechnologiesSeed
GenEditSeed
Unnatural ProductsSeed$6m2019-09-01
DNALite TherapeuticsSeed$2m2018-08-01
ResynergiSeries B$18m2025-02
Aether BioSeed
ClaritySeed
New Sun RoadSeed

Frequent co-investors

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