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11611 San Vicente Blvd. #650
Los Angeles, CA 90049
© 2026 Bonfire Ventures. All rights reserved.
Lead early,
stay late.
Lead early, stay late.
Bonfire Ventures backs founders who rethink and rewire how business gets done. We lead seed rounds in AI-native B2B, where a few people can do the work of fifty, or the product does what a whole team used to.
Why Founders Choose Bonfire
We're AI
-native too
We built Bonfire to work like the companies we back. An AI system we call Bonnie helps us find, diligence, and support founders, and it gets sharper every time we use it. If we're asking you to build an AI-native company, the least we can do is be one.
B2B is all we do
It's the only thing we invest in, and has been for two decades. We know the buyer, the playbook, and the messy middle of adoption in a way a generalist never will. The narrower our lane, the more useful we are in it.
We lead, and we go deep
We lead about 95% of our rounds with a board seat, and back just 10 to 12 companies a year on purpose. High conviction, low volume, so you get the full weight of the team, not just a check.
In it the whole time
We're hands-on from the first hard call to your Series A: the introductions, the GTM and hiring decisions, the conversations no one else will have with you, and the work to get you raise-ready. Our partnership starts at seed and lasts as long as you do.
$18B in exits
Founders we've backed have built more than $18 billion in exit value, including The Trade Desk, TaxJar, MNTN, and Scopely, on two decades of B2B pattern recognition you can borrow.
Our Latest
Highlights
Founder Feedback.
Unfiltered.
"Partnering with Bonfire was undeniably the best decision we've made at Boulevard."
Matt Danna
Boulevard
“They’re thoughtful, no-ego collaborators with deep B2B SaaS expertise—and they consistently go above and beyond to help us build a high-impact company. We're big fans of the entire Bonfire team.”
Shannon Kay
Topline Pro
“Not every chapter of a startup story is glamorous—and Bonfire gets that. In the hard moments, they lean in. No pretense, no posturing—just real commitment to helping you move forward and get back to building something iconic.”
Shelia Stafford
Teamsense
“There's no other investor like Bonfire. It's simple, they show up, they keep their word, and they will grind just as hard as you.”
Zach Vidibor
Octave
“I’m proud to call us a Bonfire company. Some VCs invest in momentum—Bonfire helps create it.”
Ophir Ronen
Calmwave
“Mullen and the Bonfire team are that rare breed of VC—unflinchingly honest, impeccably ethical, and annoyingly right most of the time.”
Lorien Gabel
Figment