Blue Bear Capital Raises $160M to Prove Software, Not Hardware, Will Lead the Climate Tech Revolution

For decades, the climate tech industry has been largely centered around hardware—large-scale infrastructure such as solar panels, wind turbines, and cement factories. These physical assets are undeniably critical in the fight against climate change. However, as technology evolves, there’s growing recognition that hardware alone isn't enough to tackle the climate crisis. Increasingly, software and artificial intelligence (AI) are stepping into the spotlight, offering scalable solutions that can improve efficiency and sustainability across industries. This shift in focus is exactly why Blue Bear Capital is taking a bold approach to climate tech investing. While many funds continue to focus on hardware or a blend of hardware and software, Blue Bear is pushing forward with a software-ce