
Bonfire Ventures
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
Frequently Asked Questions
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