# Black Bear funding: rounds and investors > Black Bear has raised $19M across 2 rounds since 2018. Investors include ING Sustainable Investments, 5 Square and SCG. Every round with its source. Source: https://millionrounds.com/company/black-bear (Millionrounds; every figure on the page links to its filing or article) Netherlands · [Growth startup](https://millionrounds.com/companies) # Who invested in *Black Bear* 2 rounds we have observed, with the 10 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Cleantech Funding summary Updated 26 Oct 2026 **$19M** raised across 2 rounds since 2018, from 3 sources **$13M** Round **$5.7M** Growth - **Latest round:** Growth, $5.7M Nov 2018 - **Biggest round:** $13M Round · Sept 2018 - **Investors:** 10 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2019 **$13M** Round **$5.7M** Growth - **First round:** Round, $13M - **Biggest round:** $13M - **Between rounds:** 2 months ## The rounds - **Nov 2018** Growth **$5.7M** *4 new* *3 returning* [Capricorn Investment](https://millionrounds.com/fund/capricorn-investment-group) [Capricorn Sustainable Chemistry Fund](https://millionrounds.com/fund/capricorn-sustainable-chemistry-fund) [ING Sustainable Investments](https://millionrounds.com/fund/ing-sustainable-investments) [Social Impact Ventures](https://millionrounds.com/fund/social-impact-ventures) [5 Square](https://millionrounds.com/fund/5-square) [SCG](https://millionrounds.com/fund/scg) [Particon](https://millionrounds.com/fund/particon-bv) Reported by FinSMEs and 1 other - **Sept 2018** Round **$13M** *6 new* [ING Sustainable Investments](https://millionrounds.com/fund/ing-sustainable-investments) [5 Square](https://millionrounds.com/fund/5-square) Chemelot SCG Social Impact Stitching DOEN Reported by Siliconcanals ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Round** 2018 **Growth** 2018 [ING Sustainable Investments](https://millionrounds.com/fund/ing-sustainable-investments) [5 Square](https://millionrounds.com/fund/5-square) [SCG](https://millionrounds.com/fund/scg) [Capricorn Investment](https://millionrounds.com/fund/capricorn-investment-group) [Capricorn Sustainable Chemistry Fund](https://millionrounds.com/fund/capricorn-sustainable-chemistry-fund) [Social Impact Ventures](https://millionrounds.com/fund/social-impact-ventures) [Particon](https://millionrounds.com/fund/particon-bv) Chemelot Social Impact Stitching DOEN ## Everyone who backed them [ING Sustainable Investments](https://millionrounds.com/fund/ing-sustainable-investments) Corporate VC **2** rounds [5 Square](https://millionrounds.com/fund/5-square) Private equity **2** rounds [SCG](https://millionrounds.com/fund/scg) Growth equity **2** rounds [Capricorn Investment](https://millionrounds.com/fund/capricorn-investment-group) Family office **1** round [Capricorn Sustainable Chemistry Fund](https://millionrounds.com/fund/capricorn-sustainable-chemistry-fund) Growth equity **1** round [Social Impact Ventures](https://millionrounds.com/fund/social-impact-ventures) VC firm **1** round [Particon](https://millionrounds.com/fund/particon-bv) Private equity **1** round Chemelot no record of our own yet **1** round Social Impact no record of our own yet **1** round Stitching DOEN no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=black-bear). ## Also claim to have backed them This firm lists Black Bear as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above. [Schouten Investments](https://millionrounds.com/fund/schouten-investments) Family office Per its own site ## Quick answers about Black Bear ### Who invested in Black Bear? Black Bear's investors include ING Sustainable Investments, 5 Square, SCG, Capricorn Investment and Capricorn Sustainable Chemistry Fund, and 5 more on record. ### How much has Black Bear raised? Black Bear has raised $19M across 2 rounds since 2018. ### When did Black Bear last raise? Black Bear's most recent round was a Growth of $5.7M in Nov 2018. ### What was Black Bear's biggest round? Black Bear's largest round on record is $13M (Undisclosed round), in Sept 2018. ### Who backed Black Bear first? Black Bear's first round on record, in Sept 2018, was backed by ING Sustainable Investments, 5 Square and Chemelot and 3 others. ### What stage is Black Bear at? Black Bear's latest named round is a Growth, in Nov 2018. ### Where is Black Bear based? Black Bear is based in the Netherlands. ## Companies like Black Bear In the same sector, and raised in the last eighteen months. [**Ore Energy** $43M · Aug 2026](https://millionrounds.com/company/ore-energy)[**Tap Electric** $5.7M · Jun 2026](https://millionrounds.com/company/tap-electric)[**ROCSYS** $31M · Apr 2026](https://millionrounds.com/company/rocsys)[**Circularise** $5.5M · Mar 2026](https://millionrounds.com/company/circularise)[**CoolSem Technologies** Jan 2026](https://millionrounds.com/company/coolsem-technologies)[**Moonwatt** $9.8M · Jan 2026](https://millionrounds.com/company/moonwatt) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. 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