Bonfire Ventures is a seed-stage B2B software venture-capital firm that leads seed rounds with a focus on AI-native software, fintech infrastructure, and crypto. Bonfire Ventures's Twitter Score is 3.0 out of 1000 as of July 2026, ranking #262,916 among 531,432 tracked accounts.
Bonfire Ventures was co-founded by Jim Andelman and Mark Mullen, who previously operated their own separate predecessor firms, Rincon Venture Partners and Double M Partners, before joining forces to launch the firm. Foundry Group is among the firm's backers. The firm concentrates its investment activity on B2B software companies at the seed stage, with particular emphasis on AI-native applications, fintech infrastructure, and crypto and Web3 infrastructure.
Bonfire Ventures's portfolio includes Figment, a Web3 staking infrastructure company, for which the firm led a $2.5 million funding round in 2020. The firm's fourth fund, Bonfire IV, launched with $245 million in commitments, and the firm now manages more than $1 billion in assets under management. Its third fund deployed $168 million across 32 B2B software companies over the period from 2022 to 2025.
Bonfire Ventures's portfolio includes Figment, WORLD3, Quidli and VIBRA.
Bonfire Ventures has accumulated 1,259 followers as of July 2026 on X and has published 296 posts. The account has been mentioned by 29 accounts, with 38 total mentions.
Who follows Bonfire Ventures on X?
The accounts that follow Bonfire Ventures include 22 founders, 4 angel investors, 3 influencers and 3 VCs. Among the firm's notable followers are Seth Goldstein, Tim Haldorsson, MaxineRyan, Dave McClure, Manny and Figment.