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Bonfire Ventures

bonfirevc.com

Bonfire leads Seed rounds into AI-powered B2B software companies, making $2-4M initial checks with meaningful reserved capital for follow-on investments. They focus exclusively on B2B software with real traction, loyal customers, and AI-driven products solving urgent business needs.

Check Size

$2M - $4M

Stages

Seed

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Investment Thesis

Bonfire Ventures operates with a ‘high conviction, low ego’ model built to scale founders’ companies rather than their portfolio. They believe in intentional, energetic investing for the long run, rooted in real operating experience and empathy for early-stage challenges. Their approach is to help founders turn early traction into durable momentum through deep partnership and hands-on support throughout the founder journey.

What Sets Them Apart

  • Lead 95% of Seed investments and join the board, staying involved with capital and guidance at every step
  • 100% B2B focus with deep domain expertise in the playbook, pace, and pain points - no consumer, hardware, or distractions
  • Portfolio companies raise Series A at nearly four times the industry average, reflecting their partnership model and downstream investor relationships
  • Low-volume, high-conviction model investing in 10-12 companies per year to ensure deep engagement with every team
  • Reserve 50% of fund capital for follow-on investments to support companies longer through their lifecycle
  • Senior team of operators and investors with decades of B2B software building and backing experience
  • Extensive track record: over $18B in exit value across portfolio, including The Trade Desk, TaxJar, MNTN, and Scopely

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