Bonfire Ventures
Bonfire Ventures is a seed-stage venture capital firm managing over $1B in assets and focused exclusively on B2B software. The firm leads a small number of high-conviction investments each year and partners closely with founders from seed through the messy middle and beyond. Bonfire takes a hands-on approach, working with founders on early product, go-to-market, and the practical application of AI across the business. Per Crunchbase, Bonfire Ventures has made 202 investments, 74 as lead investor across 146 portfolio companies, with 56 exits including 2 IPOs.
Investing activity
Bonfire Ventures has made 202 investments according to Crunchbase across 146 portfolio companies, and has led 74 rounds and seen 56 exits, 2 of them by IPO.
Bonfire Ventures appears in 6 AI deals tracked by the Lounge deals desk, rounds totalling $23M, and led 6 of them. The rounds are mostly Seed, with a median round size of $10M and the largest at $12M. The most recent are Destro AI (Seed, $8M, Sep 2026), Katalyze AI (Seed, $10.5M, Jul 2026) and Ranger AI (Seed, $8.4M, May 2026).
Bonfire Ventures most often invests alongside Inovia Capital, Base10 Partners, CoFound Partners and Ripple, and the companies it backs on Lounge are mostly in AI.
Deals
Frequently asked questions about Bonfire Ventures
What AI companies has Bonfire Ventures invested in?
Bonfire Ventures's AI investments include Destro AI, Katalyze AI, Ranger AI, Juno, Odynn and Risotto. The 6 rounds on Lounge are listed on this page with amounts, dates and co-investors.
Where is Bonfire Ventures based?
Bonfire Ventures is based in Los Angeles, California, United States.
What stage does Bonfire Ventures invest at?
In the rounds tracked on Lounge, Bonfire Ventures has invested at Seed, with a median round of $10M. Bonfire Ventures led 6 of those rounds.
Who does Bonfire Ventures co-invest with?
Bonfire Ventures's most frequent co-investors on Lounge are Inovia Capital (2 deals), Base10 Partners (1 deal), CoFound Partners (1 deal), Ripple (1 deal) and Alumni Ventures (1 deal).
How can founders reach Bonfire Ventures?
Founders on Lounge can see Bonfire Ventures's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Bonfire Ventures to their Investor Pipeline to track the conversation.