Bonfire Ventures

Bonfire Ventures is a venture capital firm specializing in seed-stage investments in business-to-business (B2B) software companies, particularly those demonstrating early product-market fit, recurring revenue models, and applications of artificial intelligence. The firm typically leads initial investments ranging from $2 million to $4 million, supporting 25 to 30 companies per fund while providing hands-on operational guidance to help startups scale from seed to Series A. With a focus on enterprise software, financial technology, and AI-driven platforms, Bonfire Ventures targets ambitious founders building scalable software solutions.

Founded in 2017 by Jim Andelman and Mark Mullen, both experienced Southern California-based investors, Bonfire Ventures emerged from their collaboration starting in 2014 to consolidate individual investment efforts into an institutional fund. Andelman previously led Rincon Venture Partners, while Mullen managed Double M Partners. The firm formalized to lead seed rounds in high-potential B2B startups, raising its first fund of $63 million in 2018, followed by subsequent funds including Bonfire IV, which closed at $245 million in February 2025.

The firm's portfolio features over 160 investments, including standout companies like Spekit, Boulevard, Cube Software, Postie, Topline Pro, and Rwazi, with notable exits such as The Trade Desk, TaxJar (acquired by Stripe), Moat (acquired by Oracle), and Openpath (acquired by Motorola). Bonfire Ventures also manages select funds for later-stage opportunities, such as Series B investments in companies like ChowNow and Figment, emphasizing AI-integrated businesses and sectors like data analytics and marketing automation.

Led by co-founders Jim Andelman and Mark Mullen, the team includes Partners Brett Queener, formerly of Salesforce and Siebel Systems, and Tyler Churchill, who progressed from intern to Partner. Additional key members like CFO Brian MacInnes and Vice Presidents Dominique Yadegar and Jason Tahir bring deep expertise in finance, operations, and tech scaling. Operating from Los Angeles, the firm manages over $1 billion in assets across four core funds and select vehicles.