Double M Partners

Double M Partners, alongside Rincon Venture Partners, strategically merged in 2017 to form Bonfire Ventures, which now serves as the exclusive investment vehicle for all new capital deployments. This consolidation aimed to combine the strengths and networks of the predecessor firms, establishing a focused entity dedicated to early-stage enterprise software companies. The transition reflects a deliberate move to streamline operations and enhance their collective impact within the venture ecosystem.

Bonfire Ventures has since solidified its position as a leading seed-stage venture capital firm, specializing in Business-to-Business (B2B) Software-as-a-Service (SaaS) companies. Headquartered in Santa Monica, California, the firm is recognized for its hands-on, founder-centric approach. They frequently lead investment rounds, providing not only capital but also significant operational guidance and strategic support to their portfolio companies, fostering their growth from inception.

The firm has demonstrated a consistent trajectory of growth in its fundraising efforts, indicative of its expanding influence and investment capacity. Following its inaugural $60 million Fund I in 2017, Bonfire Ventures successfully closed a $100 million Fund II in 2019, and a $160 million Fund III in 2021. Most recently, in September 2023, the firm announced the oversubscribed close of its $200 million Fund IV, underscoring strong investor confidence and its continued commitment to the B2B SaaS sector.

Bonfire Ventures typically leads seed rounds, with initial investment checks generally ranging from $2 million to $6 million. This strategy enables them to secure meaningful ownership stakes and provide substantial early capital to promising startups. Their investment thesis centers on identifying companies with robust product-market fit, scalable business models, and exceptional founding teams, aiming to support them through critical early growth phases and subsequent funding rounds.