Tuesday, May 31, 2022

Bonfire Ventures Raises $230M In Two New Funds

Los Angeles-based venture capital investor Bonfire Ventures disclosed today that it has raised two new funds, worth a total of $230M. According to the firm, the investment includes $168M in a new, core seed funding, and a "second opportunity" fund worth $63M. Bonfire Ventures is led by managing directors Jim Andelman and Mark Mullen, along with Brett Queener. Bonfire Ventures makes investments in seed stage, B2B companies, typically in the software area, and typically leads its rounds.