Bonfire Ventures is a Los Angeles-based venture capital firm specializing in seed-stage investments in B2B software companies. Founded in 2017 by managing directors Jim Andelman and Mark Mullen, the firm focuses on leading seed rounds and providing hands-on, founder-led support to a select number of companies each year. This low-volume, high-conviction approach allows Bonfire to dedicate personalized time and resources to each portfolio company, aiming to set them up for success from day one.

The team comprises experts with nearly three decades of experience in B2B software, offering unmatched domain expertise to founders. Bonfire Ventures has raised multiple funds since its inception, with its third core seed fund closing at $168 million and its second opportunity fund at $63 million in June 2022, totaling over $230 million. The firm has a strong track record, with over 85% of its portfolio companies raising follow-on capital, collectively exceeding $1.15 billion.

Notable exits include Moat (acquired by Oracle), The Trade Desk (IPO), TaxJar (acquired by Stripe), Emailage (acquired by Lexis Nexis), and Openpath (acquired by Motorola).