Lead early,
stay late.

Lead early, stay late.

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Bonfire Ventures backs founders reshaping how businesses operate as AI rewires every workflow and every team.


With more than $18B in exit value and two decades investing in business software, we bring hard-earned pattern recognition from prior platform shifts and a steady presence from the earliest days onward.


We lead seed rounds and commit deeply to a small number of companies each year, so our founders get the full weight of the team, not just a check.

Our model is high conviction, low ego — and built to scale your company, not our portfolio.

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Why Founders Choose Bonfire

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We
Lead

95% of our investments come with a board seat, follow-on capital, and a partner who stays in it with you - from seed to whatever comes next.

100%
B2B

We’re singularly focused on companies built for businesses. We know the playbook, the buying dynamics, and the messy middle of adoption. We stay in the details because this is our only lane.

Next Round Ready

The founders we support raise Series A at nearly four times the industry average—a reflection of our partnership model & our trusted relationships with downstream investors.

Track Record

The founders we’ve backed have created companies with over $18B in exit value, including The Trade Desk, TaxJar, MNTN and Scopely.

Trusted
Partner

We've built our reputation by being the calm, trusted voice in the moments that matter most. We show up on the call and in the room because that's what it means to be a good partner.
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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