Bonfire Ventures

Multi-stage venture firmSEC venture capital fund adviser· Santa Monica, CaliforniaBONFIREVC.COM

Bonfire Ventures leads seed rounds for B2B software startups looking for hands-on, personalized guidance to graduate from Seed to Series A.

In the firm's own words, from its website.

Reported fund assets
$955M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
2
Latest vintage
2025
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (8)Team (4)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

1 additional team member, 10 additional co-investors and affiliates, 5 additional investments, funds and LPs, 6 events, 1 verified contact (1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Nothing material in the last 180 days.

People to know

View all people

Relationship network

28 connected entities

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Bonfire Ventures: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Bonfire Ventures

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

8 companies on record, 0 new in 12 months
Investments on record
8 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Bonfirevcportfolio listingunknownunknownunknownunknownSep 29, 2026Fact Company website
Jabramsportfolio listingleadunknownunknownunknownSep 29, 2026Fact Company website
Starchportfolio listingunknownunknownunknownunknownSep 26, 2026Fact Company website
Stated thesis versus observed behaviour
5 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
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 100%follow-on rate no observed dealsnew companies, 12 months 0

Team

4 current, 3 departed
Decision makers
who to call first, and why; then everyone else by function
  • James Michael Andelman · Managing Director
    Why this person: Managing director; Named with investment responsibility
  • Mark Christopher Mullen · Managing Director
    Why this person: Managing director; Named with investment responsibility
Who else at this firm · 1 person, grouped by function
Board, advisers and operating partners (1)

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team
4 current, 3 departed
1 departed (kept with end dates)
Contacts
1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

6 vehicles, 0 LPs disclosed
Funds and vehicles
6 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Bonfire Ventures IV, LPFund2025 form d first saleNewly closed$244M
Mar 25, 2026
75$240M
of $240M
Feb 19, 2025
Bonfire Ventures III, LPFund2023 adv first reportedActive deployment$263M
Mar 25, 2026
95unknownunknown
Bonfire Ventures Select II, LPGrowth fund2023 adv first reportedActive deployment$61.4M
Mar 25, 2026
67$0
of $65.0M
Jan 19, 2022
Limited partners
0 LPs, 0 disclosed commitments
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.
Known LPs and allocators
0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

13 co-investors · on 1 other DFX graph
Co-investors
13 counted from shared deals, for the whole firm
Across DFX and the capital chainon 1 other DFX graph Show
Across DFX
  • The same institution is held on RIA and Wealth, matched by identifier. See which records
Across the graphs

Bonfire Ventures is the same institution as 1 record in RIA and Wealth.

RIA and Wealth1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Evidence and history

11 dated events, 71 observations from 4 sources
Timeline
11 dated events
  1. Mar 25, 2026
    Bonfire Ventures IV, LP first reported on Form ADV by Bonfire Ventures (Venture Capital Fund), GAV $243,539,636
    Fund first reported on Form ADVFundsInferenceBonfire Ventures IV, LPForm ADV
  2. Feb 19, 2025
    Bonfire Ventures filed the first Form D for Bonfire Ventures IV, LP (fund 4), its next fund after Bonfire Ventures III, LP (vintage 2023); offering $240.3M
    Fund next filedderived signalInferenceBonfire Ventures IV, LPno URL
  3. Mar 28, 2023
    Bonfire Ventures Select II, LP first reported on Form ADV by Bonfire Ventures (Venture Capital Fund), GAV $64,096,502
    Fund first reported on Form ADVFundsFactBonfire Ventures Select II, LPForm ADV
  4. Mar 28, 2023
    Bonfire Ventures III, LP first reported on Form ADV by Bonfire Ventures (Venture Capital Fund), GAV $165,923,578
    Fund first reported on Form ADVFundsFactBonfire Ventures III, LPForm ADV
  5. Mar 28, 2023
    Dennis Benson Mullen (Member) no longer on Schedule A of Bonfire Ventures
    Person leftPeopleInferenceDennis Benson MullenForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 25, 2026 · 6 private fundsShow
Headquarters
Los Angeles, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
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, adviser total
$955Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Owners on Schedule A
Bonfire Ventures Management, Inc. (General Partner), owns under 5%; Andelman Family Revocable Trust (Shareholder), owns 50% to 75%; Aurelius Trust (Shareholder), owns 50% to 75%
Classification history
Every classification this record has carried3 on recordShow
  1. Sep 23, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $955M
  2. Sep 15, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $622M
  3. Sep 12, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $377M
Evidence
71 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 25, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 25, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserNov 22, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 25, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 25, 2026FactForm ADV
SEC adviser typeExempt reporting adviserNov 22, 2024FactForm ADV
First Form ADV filing2018-02-27Mar 25, 2026FactForm ADV
First Form ADV filing2018-02-27Nov 22, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-25Mar 25, 2026FactForm ADV
Latest Form ADV filing2026-03-25Mar 25, 2026FactForm ADV
Latest Form ADV filing2024-11-22Nov 22, 2024FactForm ADV
SEC statusERA - ActiveMar 25, 2026FactForm ADV
SEC status effective2018-02-27Mar 25, 2026FactForm ADV
Venture share of reported funds1Mar 25, 2026FactForm ADV
Venture share of reported funds1Nov 22, 2024FactForm ADV
Business phoneMar 25, 2026FactForm ADV
Business phoneNov 22, 2024FactForm ADV
DescriptionSep 16, 2026Factno URL
DescriptionSep 15, 2026Factno URL
HeadquartersLos Angeles, CAMar 25, 2026FactForm ADV
HeadquartersSanta Monica, CANov 22, 2024FactForm ADV
Office addressMar 25, 2026FactForm ADV
Office addressNov 22, 2024FactForm ADV
Self-described typeVenture capitalSep 16, 2026Factno URL
Self-described typeVenture capitalSep 15, 2026Factno URL
Legal formLimited PartnershipMar 25, 2026FactForm ADV
Legal formLimited PartnershipNov 22, 2024FactForm ADV
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 15, 2026Factno URL
Private funds reported6Mar 25, 2026FactForm ADV
Private funds reported6Mar 25, 2026FactForm ADV
Private funds reported5Nov 22, 2024FactForm ADV
Private fund gross assets (reported)$955MMar 25, 2026FactForm ADV
Private fund gross assets (reported)$955MMar 25, 2026FactForm ADV
Private fund gross assets (reported)$622MNov 22, 2024FactForm ADV
Schedule a diffsadiff-1Mar 25, 2026FactForm ADV
Stated check (high)$6.0MSep 16, 2026Factno URL
Stated check (high)$6.0MSep 15, 2026Factno URL
Stated check (low)$2.0MSep 16, 2026Factno URL
Stated check (low)$2.0MSep 15, 2026Factno URL
Stated geographylos angeles
“geography words on the home page”
Sep 16, 2026Factno URL
Stated geographylos angeles
“geography words on the home page”
Sep 15, 2026Factno URL
Stated sectorsAI, enterprise software, B2B
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsAI, enterprise software, B2B
“sector words on the home page”
Sep 15, 2026Factno URL
Stated stagesSeed, series a
“stage words on the home page”
Sep 16, 2026Factno URL
Stated stagesSeed, series a
“stage words on the home page”
Sep 15, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 15, 2026Factno URL
Venture funds reported6Mar 25, 2026FactForm ADV
Venture funds reported6Mar 25, 2026FactForm ADV
Venture funds reported5Nov 22, 2024FactForm ADV
WebsiteNov 22, 2024FactForm ADV
Site titleSep 16, 2026Factno URL
Site titleSep 15, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmed · 2 filing advisers share this firmShow
Importance
42
elevated
Active deployment
25
moderate
Emerging
0
low
Freshness
100
high
Multi-stage venture firmSEC exempt reporting adviser

Both early and growth/opportunity families, reported GAV $955M

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.

The inputs behind each score
importance
gav: $1 · funds: 0.5 · people: 0.08 · investments: 0.26 · co investors: 0.45
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
emerging manager
fund count: 6 · reported gav: $955M · first adv filing: 2018-02-27 · years since first filing: 8.6

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2018-02-27source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.