Lead early,
stay late.

Lead early, stay late.

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Bonfire Ventures leads Seed rounds into AI-powered B2B software companies. We write $2-4M checks and reserve meaningful capital to double-down on our founders.

We make high-conviction investments into bold and relentless startups with real traction, loyal customers, and AI-driven products solving urgent business needs.

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

We lead 95% of our Seed investments — we join the board and stay involved with capital and guidance at every step of the founder's journey.

100%
B2B

B2B software is our only focus. We know the playbook, the pace, and the pain points. No consumer. No hardware. No distractions.

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

Ask around—we’ve built ours by being the calm, trusted, and clear voice in the moments that matter most.
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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