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Bonfire Ventures

North America, California, United States, Santa Monica

Description

Bonfire Ventures is a distinguished early-stage venture capital firm headquartered in Santa Monica, California, with a dedicated focus on leading Seed rounds for B2B software companies. The firm's core mission revolves around identifying and empowering talented founders who are developing innovative solutions poised to become the next generation of enterprise software leaders. Bonfire Ventures prides itself on being the initial institutional capital provider, offering not just funding but also strategic guidance and operational support to its portfolio companies.

Over the years, Bonfire Ventures has demonstrated a consistent growth trajectory in its investment capacity. Their most recent fund, Bonfire Ventures IV, successfully closed in March 2022 with $120 million in committed capital. This latest fund contributes to a cumulative total of over $300 million raised across their four dedicated funds, underscoring their expanding influence in the Seed-stage ecosystem. The firm typically deploys initial checks ranging from $1 million to $4 million, establishing a significant early stake in promising B2B software ventures.

With a robust portfolio that includes over 100 investments, Bonfire Ventures has solidified its reputation as a strategic partner for nascent software companies. Their hands-on approach involves leveraging their extensive network and deep industry expertise to assist founders with critical aspects such as achieving product-market fit, scaling their teams, and navigating subsequent fundraising rounds. This comprehensive support system reflects their commitment to fostering long-term success for the B2B software companies they back, extending beyond mere capital provision to true partnership.

Investor Profile

Bonfire Ventures has backed more than 166 startups, with 11 new investments in the last 12 months alone. The firm has led 55 rounds, about 33% of its total and boasts 43 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Canada, United Kingdom.
  • Strong thematic focus on Software, SaaS, Artificial Intelligence (AI).
  • Led 7 rounds in the past year.
  • Typical check size: $1M – $4M.

Stage Focus

  • Seed (54%)
  • Series A (27%)
  • Series B (10%)
  • Series Unknown (6%)
  • Series C (2%)
  • Pre Seed (1%)
  • Series E (1%)

Country Focus

  • United States (93%)
  • Canada (4%)
  • United Kingdom (1%)
  • Germany (1%)
  • Nigeria (1%)

Industry Focus

  • Software
  • Saas
  • Artificial Intelligence (Ai)
  • Information Technology
  • Analytics
  • E-commerce
  • Health Care
  • Internet
  • Advertising
  • Marketing
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Bonfire Ventures frequently co-invest with?

Rincon Venture Partners
North America, California, United States, Santa Barbara
Co-Investments: 20
Crosscut Ventures
North America, California, United States, Los Angeles
Co-Investments: 11
Upfront Ventures
North America, California, United States, Santa Monica
Co-Investments: 9
TenOneTen Ventures
North America, California, United States, Los Angeles
Co-Investments: 6
Greycroft
North America, New York, United States, New York
Co-Investments: 13
Operator Collective
North America, California, United States, San Francisco
Co-Investments: 7
Double M Partners
North America, California, United States, Los Angeles
Co-Investments: 19
Matchstick Ventures
North America, Colorado, United States, Boulder
Co-Investments: 6
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 11
Daher Capital
Asia, Dubai, United Arab Emirates, Dubai
Co-Investments: 13

Which angels does Bonfire Ventures often collaborate with?

David Tisch
North America, New York, United States, New York
Shared Deals: 2
PC
North America, California, United States, Los Angeles
Shared Deals: 2
CL
North America, Tennessee, United States, Nashville
Shared Deals: 6
OP
North America, New York, United States, New York
Shared Deals: 2
GE
North America, California, United States, Los Angeles
Shared Deals: 2
AH
North America, California, United States, San Francisco
Shared Deals: 4
WK
North America, Colorado, United States, Aspen
Shared Deals: 2
NC
North America, United States
Shared Deals: 2
KP
North America, Florida, United States, Miami
Shared Deals: 4
CT
North America, California, United States, Los Angeles
Shared Deals: 2

What are some of recent deals done by Bonfire Ventures?

Boulevard

Los Angeles, California, United States

Boulevard provides beauty and wellness businesses with tools for booking, payments, marketing, and client relationship management.

B2BConsultingInternetMarketingSaaS
Series DJul 17, 2025
Amount Raised: $80,000,000
Rwazi

Los Angeles, California, United States

Rwazi is a decision intelligence platform built on consumer-trained AI that helps global teams grow market share and drive revenue.

AnalyticsArtificial Intelligence (AI)Big DataBusiness IntelligenceGenerative AIInformation Technology
Series AJul 15, 2025
Amount Raised: $12,000,000
CalmWave

Seattle, Washington, United States

CalmWave, a company leveraging artificial intelligence (AI) to bring operational health to hospitals

Artificial Intelligence (AI)Health CareHospital
SeedJun 26, 2025
Amount Raised: $4,400,000
1Fort

New York, New York, United States

AI platform for business insurance

Artificial Intelligence (AI)B2BInsuranceRisk ManagementSaaSSoftware
SeedApr 17, 2025
Amount Raised: $9,853,517
Youlify

Palo Alto, California, United States

Youlify offers AI solutions for medical billing, denied claims investigation, and real-time financial insights.

Artificial Intelligence (AI)BillingFinancial ServicesHealth Care
SeedApr 16, 2025
Amount Raised: $4,300,000
Voiceops

New York, New York, United States

AI coworkers that unlock hidden growth in customer conversations. Built for b2c sales, marketing, and compliance teams.

Software
SeedMar 25, 2025
Amount Raised: $5,000,000
Abstract

San Francisco, California, United States

Abstract is a SaaS company in the gov and legal tech sectors leveraging applied AI to provide risk and opportunity analysis.

GovTechInternetSaaSSoftware
SeedJan 9, 2025
Amount Raised: $4,800,000
KeySavvy

Saint Paul, Minnesota, United States

KeySavvy is a vehicle transaction platform that makes private party sales safer and easier.

AutomotivePayments
SeedNov 21, 2024
Amount Raised: $4,250,000
CalmWave

Seattle, Washington, United States

CalmWave, a company leveraging artificial intelligence (AI) to bring operational health to hospitals

Artificial Intelligence (AI)Health CareHospital
SeedNov 19, 2024
Amount Raised: $5,250,000
Mithrl

San Francisco, California, United States

Mithrl is a software development company that builds the custom workflows for NGS data on-demand.

Artificial Intelligence (AI)Data Center AutomationLife ScienceMedicalSoftware
SeedNov 14, 2024
Amount Raised: $4,000,000