Bonfire Ventures

aid: bonfire-ventures
name: Bonfire Ventures
description: >-
  Bonfire Ventures is a Los Angeles-based, seed-stage venture capital firm co-founded by Mark Mullen
  and Jim Andelman that invests exclusively in business-to-business (B2B) software companies, with a
  current focus on AI-native B2B founders. The firm runs a low-volume, high-conviction, high-support
  model — backing roughly 10 to 12 new companies a year, leading approximately 95% of the rounds it
  participates in and taking board seats — and positions itself as "AI-native too," operating an
  in-house AI system called Bonnie to source and support founders. Bonfire reports more than $18B in
  cumulative exit value across its history, with notable outcomes including TaxJar (acquired by
  Stripe), MNTN (IPO), The Trade Desk, Scopely, Moat (acquired by Oracle), and Comparably (acquired by
  ZoomInfo). It was added to the API Evangelist network as a portfolio company of Foundry Group and
  enriched from the firm's public site.
image: https://www.bonfirevc.com/favicon.ico
url: https://raw.githubusercontent.com/api-evangelist/bonfire-ventures/refs/heads/main/apis.yml
x-type: venture-capital
x-category: Venture Capital
x-source: vc-portfolio
x-backed-by:
- foundry-group
x-tier: profiled
x-tier-reason: enriched-from-site
specificationVersion: '0.20'
created: '2026-07-17'
modified: '2026-07-18'
tags:
- Venture Capital
- Seed
- Early Stage
- B2B SaaS
- Enterprise Software
- Business Software
- AI
- Los Angeles
- California
- North America
apis: []
maintainers:
- FN: Kin Lane
  email: kin@apievangelist.com
  url: https://apievangelist.com
- FN: APIs.json
  email: info@apis.io
  url: http://apisjson.org
- FN: Bonfire Ventures
  url: https://www.bonfirevc.com
common:
- type: Website
  url: https://www.bonfirevc.com
- type: Portfolio
  url: https://www.bonfirevc.com/companies
- type: Portfolio
  url: portfolio/bonfire-ventures-portfolio.yml
- type: Team
  url: https://www.bonfirevc.com/team
- type: About
  url: https://www.bonfirevc.com/our-approach
- type: Blog
  url: https://www.bonfirevc.com/news
- type: LinkedIn
  url: https://www.linkedin.com/company/bonfireventures/
- type: Twitter
  url: https://x.com/bonfire_vc
- type: Jobs
  url: https://jobs.bonfirevc.com/jobs
- type: SignUp
  url: https://yikdukb5nck.typeform.com/to/Tze30ymM
- type: Login
  url: https://www.fundpanel.io/
- type: DomainSecurity
  url: security/bonfire-ventures-domain-security.yml
- type: Features
  data:
  - 'Stage: Seed-stage lead investor (leads ~95% of rounds, takes board seats)'
  - 'Focus: B2B software exclusively; current thesis centered on AI-native B2B founders'
  - 'Model: Low-volume, high-conviction, high-support (~10-12 new companies per year)'
  - 'Differentiator: Operates an in-house AI system, "Bonnie," to source and support founders'
  - 'Track record: $18B+ cumulative exit value (self-reported)'
  - 'Notable exits: TaxJar (Stripe), MNTN (IPO), The Trade Desk, Scopely, Moat (Oracle), Comparably (ZoomInfo)'
  - 'Co-founders: Mark Mullen, Jim Andelman'
  - 'HQ: Los Angeles, California, USA'
  sources:
  - https://www.bonfirevc.com
  - https://www.bonfirevc.com/companies
  - https://www.bonfirevc.com/our-approach
  - https://www.bonfirevc.com/team
  updated: '2026-07-18'
x-enrichment:
  date: '2026-07-19'
  status: backfilled
  pass: local-v1
  note: backfilled from .gitignore signal + verified work evidence