What does Bonfire Ventures invest in?
Bonfire Ventures invests most often at Seed and Series A (63% of the rounds on record), in sectors such as Software, Wealthtech and Recurring.

United States · Investor
Last cheque observed Oct 2026; 115 cheques on record.
Deploying nowNew fund $240M, Feb 2025VC firm
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12 cheques in the last 12 months
Mostly Seed and Series A: 63% of its rounds
Sole investor in 9 rounds, median $3.3M
2 exits from the portfolio
Bonfire Ventures is a seed-stage venture capital firm backing founders building AI-native B2B software companies.From their own website
Every round we can evidence, newest first115 appearances
11 rounds
23 rounds
19 rounds
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
Named by the firm itself, on a filing, its Form ADV or its company registration4 named
We also hold 8 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
From the firm's own filings with the SEC, which it must file accurately by law
From their own portfolio page (on their website)
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Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.
Companies it backed that were later bought or listed2 in all
An exit counts when it came after the firm's first round in the company. From historical deal records.
The investors most often in the same rounds as Bonfire Ventures. A count of rooms they were both in, not a relationship either has claimed.
The latest companies Bonfire Ventures put money into.
3 episodes naming Bonfire Ventures in the title, and 2 more that mention it.

SaaStr 826: Why Only "WTF" Products Can Survive Today with Brett Queener Partner at Bonfire Ventures
WithBrett Queener
MentionsBonfire Ventures

Mark Mullen of Bonfire Ventures on going from a solo capitalist to joining forces with Jim Andelman, the state of seed markets, and his view on what makes fund managers differentiated
MentionsBonfire Ventures

20VC: Optimising Investment Decision-Making in Compressed Fundraising Timelines & A Deep Dive on Portfolio Construction, Price Sensitivity and The Importance of Ownership with Mark Mullen, Co-Founder @ Bonfire Ventures
WithMark Mullen
MentionsBonfire Ventures

379. 85% Graduation from Seed to Series A, SaaS Metric Mastery, The Right Time to Stop Founder-Led Sales, and Advice for Emerging Managers (Jim Andelman)

SaaStr 319: How To Think About And Make Pre-Emptive Burn Cuts, Operational Survival In Times Of Uncertainty & Managing Your Psychology As Founder & CEO with May Habib, Founder & CEO @ Qordoba
Bonfire Ventures invests most often at Seed and Series A (63% of the rounds on record), in sectors such as Software, Wealthtech and Recurring.
115 investments on record, 12 of them in the last 12 months, and it led 7. The most recent was in Oct 2026.
Its most recent investments on record: Santé (Series A, Oct 2026), Mithrl (Series A, Sept 2026) and Destro AI (Seed, Sept 2026).
The median round it joins is $9.0M. It says it writes cheques of $2.0M to $6.0M.
Sometimes: it led 7 of its 115 investments on record (6%).
Most of the companies it backs are in the United States (95%).
Yes: it is actively investing, with 12 investments in the last 12 months.
Most often Alumni Ventures (13 rounds together), Y Combinator (10 rounds together) and Greycroft (7 rounds together).
Find the investors who back rounds like yours, and keep every conversation on one fundraising board.
Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it