DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Bonfire Ventures
Bonfire Ventures
Multi-stage venture firmSanta Monica, CAbonfirevc.comSEC venture capital fund adviserone firm, 2 filing advisers
This firm files as 2 advisers on bonfirevc.com: Rincon Venture Management, LP. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
Bonfire Ventures leads seed rounds for B2B software startups looking for hands-on, personalized guidance to graduate from Seed to Series A.
both early and growth/opportunity families, reported GAV $622M
Importance
29
moderate
Active deployment
33
moderate
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
14
low
Identity and regulatory footprint
- Headquarters
- Los Angeles, CAadviserinfo.sec.gov
- Office address
- 11611 SAN VICENTE BLVD., SUITE 650, Los Angeles, CA, 90049adviserinfo.sec.gov
- Business phone
- 310-319-1933adviserinfo.sec.gov
- Website
- HTTPS://WWW.BONFIREVC.COM
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 25, 2026
- Private funds reported
- 6 (6 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $955Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Andelman Family Revocable Trust (Shareholder), D; Bonfire Ventures Management, Inc. (General Partner), NA; Aurelius Trust (Shareholder), D
- business phone
- 310-319-1933adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
2 observed deals
Stated (the firm’s website)
- Sectors
- ai, enterprise software, b2b
- Stages
- seed, series a
- Geography
- los angeles
- Check size
- $2.0M to $6.0M stated by the firm
- Self-described
- venture capital
“Bonfire leads nearly every round, invests $2–6 million at seed, and continues investing as the company grows.”
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 2
Funds and vehicles
6 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Bonfire Ventures IV, LP | Fund | 2025 form d first sale | Newly closed | unknown | unknown | $240M of $240M | Feb 19, 2025 |
| Bonfire Ventures III, LP | Fund | 2023 adv first reported | Active deployment | $177M Nov 22, 2024 | 95 | unknown | unknown |
| Bonfire Ventures Select II, LP | Growth fund | 2023 adv first reported | Active deployment | $61.6M Nov 22, 2024 | 67 | $0 of $65.0M | Jan 19, 2022 |
| Bonfire Ventures Fund II, LP | Fund | 2021 adv first reported | Mature | $97.3M Nov 22, 2024 | 83 | $0 of $100M | Jan 9, 2020 |
| Bonfire Ventures Select I, LP | Growth fund | 2019 adv first reported | Mature | $41.8M Nov 22, 2024 | 39 | $0 of $20.0M | Sep 20, 2018 |
| Bonfire Ventures I, LP | Fund | unknown | Unknown | $244M Nov 22, 2024 | 90 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
4 current, 1 departed
Courtney Gail Andelman
Board or advisoryTrustee · since Mar 1, 2020
James Michael Andelman
Board or advisoryTrustee · since Jan 1, 2006
Katie Anne Sharer
Board or advisoryTrustee · since Jan 1, 2006
Mark Christopher Mullen
Board or advisoryTrustee · since Jan 1, 2006
1 departed (kept with end dates)
- Dennis Benson Mullen · Member · Jan 1, 2017 to Mar 28, 2023 Inference
Investments on record
2 edges, 2 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Open Positions | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| Pitch Us | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
3 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
9 dated events
- Mar 28, 2023Bonfire Ventures Select II, LP first reported on Form ADV by Bonfire Ventures (Venture Capital Fund), GAV $64,096,502Fund first reported on Form ADVFundsFactBonfire Ventures Select II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2023Bonfire Ventures III, LP first reported on Form ADV by Bonfire Ventures (Venture Capital Fund), GAV $165,923,578Fund first reported on Form ADVFundsFactBonfire Ventures III, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2023Dennis Benson Mullen (Member) no longer on Schedule A of Bonfire Ventures
- Mar 31, 2021Bonfire Ventures Fund II, LP first reported on Form ADV by Bonfire Ventures (Venture Capital Fund), GAV $36,055,451Fund first reported on Form ADVFundsFactBonfire Ventures Fund II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 1, 2020Courtney Gail Andelman joined Schedule A of Bonfire Ventures as Trustee
- Mar 28, 2019Bonfire Ventures Select I, LP first reported on Form ADV by Bonfire Ventures (Venture Capital Fund), GAV $9,001,800Fund first reported on Form ADVFundsFactBonfire Ventures Select I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 27, 2018Bonfire Ventures I, LP first reported on Form ADV by Bonfire Ventures (Venture Capital Fund), GAV $10,018,000Fund first reported on Form ADVFundsFactBonfire Ventures I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 27, 2018Bonfire Ventures first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 1, 2006Katie Anne Sharer joined Schedule A of Bonfire Ventures as Trustee
Classification history
- Sep 15, 2026Multi-stage venture firm (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $622M
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $377M
Evidence
57 observations from 3 sources