CRITERIA

How to know if Bonfire is the right seed partner for you- and if we're not.

Bonfire leads seed rounds in Al-native B2B companies. We're most excited by founders building products with real workflow depth, hard-won insight, and a clear path to getting more valuable with every use. Here's how to tell, fast, whether we're the right investor for you.

AT A GLANCE

The quick version

What we look for

  • B2B software, built AI-native
  • Raising a lead Seed
  • A live product and early revenue ~$30–40K MRR, though the founder matters more than the number
  • A CEO who builds with AI, personally
  • A U.S. company; your team can be anywhere

How we invest

  • We lead ~95% of our rounds and take a board seat
  • $2–6M first checks, with ~half the fund reserved for your next rounds
  • 10–12 new companies a year
  • Investing from Fund IV ($245M)
  • In it from the first hard call through the end

You’re probably a fit if...

B2B software where AI is the whole point — not a feature bolted onto something that already existed. The company only makes sense because AI now exists.

Your product does real work a person or team used to do, or amplifies a small team so it performs like a far bigger one. Either way, AI is doing the execution.

It's clearly better than the alternatives — and you can explain exactly why. Not "we have AI too," but a specific, demonstrable edge over the incumbents and the obvious clones.

It gets better the more it's used — and you can show us how. Every customer, task, and correction makes the next experience sharper than the last.

You have early customers who'd be genuinely annoyed if you disappeared tomorrow — not polite reference calls, but real dependence on what you've built.

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BEFORE ANY CATEGORY

Five gates every company clears.

Whatever the category, every company we back passes the same five-question filter first.

Explore the filter