Bonfire Ventures
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.
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- Managing DirectorWhy: Managing directorNo route on file yet
- Managing DirectorWhy: Managing directorNo route on file yet
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.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
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
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Bonfirevc | portfolio listing | unknown | unknown | unknown | unknown | Sep 29, 2026 | Fact Company website |
| Jabrams | portfolio listing | lead | unknown | unknown | unknown | Sep 29, 2026 | Fact Company website |
| Starch | portfolio listing | unknown | unknown | unknown | unknown | Sep 26, 2026 | Fact Company website |
Stated thesis versus observed behaviour
- 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
Team
4 current, 3 departed
Decision makers
- James Michael Andelman · Managing DirectorWhy this person: Managing director; Named with investment responsibility
- Mark Christopher Mullen · Managing DirectorWhy this person: Managing director; Named with investment responsibility
Who else at this firm · 1 person, grouped by function
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
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Director
- Managing Director
- Trustee
1 departed (kept with end dates)
- Dennis Benson Mullen · Member · Jan 1, 2017 to Mar 28, 2023 Inference
Contacts
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
What these amounts meanGAV 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.| 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 | $244M Mar 25, 2026 | 75 | $240M of $240M | Feb 19, 2025 |
| Bonfire Ventures III, LP | Fund | 2023 adv first reported | Active deployment | $263M Mar 25, 2026 | 95 | unknown | unknown |
| Bonfire Ventures Select II, LP | Growth fund | 2023 adv first reported | Active deployment | $61.4M Mar 25, 2026 | 67 | $0 of $65.0M | Jan 19, 2022 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
13 co-investors · on 1 other DFX graph
Co-investors
- 2026-10-011 shared deal · one time
- 2026-09-291 shared deal · one time · they led 1 · this firm led 1
- 2026-09-291 shared deal · one time · they led 1 · this firm led 1
Across DFX and the capital chainon 1 other DFX graph ShowHide
- The same institution is held on RIA and Wealth, matched by identifier. See which records
Bonfire Ventures is the same institution as 1 record in RIA and Wealth.
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
- Mar 25, 2026Bonfire Ventures IV, LP first reported on Form ADV by Bonfire Ventures (Venture Capital Fund), GAV $243,539,636
- Feb 19, 2025Bonfire 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
- Mar 28, 2023Bonfire Ventures Select II, LP first reported on Form ADV by Bonfire Ventures (Venture Capital Fund), GAV $64,096,502
- Mar 28, 2023Bonfire Ventures III, LP first reported on Form ADV by Bonfire Ventures (Venture Capital Fund), GAV $165,923,578
- Mar 28, 2023Dennis Benson Mullen (Member) no longer on Schedule A of Bonfire Ventures
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 25, 2026 · 6 private fundsShowHide
- 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
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 23, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $955M
- Sep 15, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $622M
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $377M
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 25, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 25, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Nov 22, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 25, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 25, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Nov 22, 2024 | Fact | Form ADV |
| First Form ADV filing | 2018-02-27 | Mar 25, 2026 | Fact | Form ADV |
| First Form ADV filing | 2018-02-27 | Nov 22, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-25 | Mar 25, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-25 | Mar 25, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-11-22 | Nov 22, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 25, 2026 | Fact | Form ADV |
| SEC status effective | 2018-02-27 | Mar 25, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 25, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Nov 22, 2024 | Fact | Form ADV |
| Business phone | Mar 25, 2026 | Fact | Form ADV | |
| Business phone | Nov 22, 2024 | Fact | Form ADV | |
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 15, 2026 | Fact | ||
| Headquarters | Los Angeles, CA | Mar 25, 2026 | Fact | Form ADV |
| Headquarters | Santa Monica, CA | Nov 22, 2024 | Fact | Form ADV |
| Office address | Mar 25, 2026 | Fact | Form ADV | |
| Office address | Nov 22, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Sep 16, 2026 | Fact | |
| Self-described type | Venture capital | Sep 15, 2026 | Fact | |
| Legal form | Limited Partnership | Mar 25, 2026 | Fact | Form ADV |
| Legal form | Limited Partnership | Nov 22, 2024 | Fact | Form ADV |
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 15, 2026 | Fact | ||
| Private funds reported | 6 | Mar 25, 2026 | Fact | Form ADV |
| Private funds reported | 6 | Mar 25, 2026 | Fact | Form ADV |
| Private funds reported | 5 | Nov 22, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $955M | Mar 25, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $955M | Mar 25, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $622M | Nov 22, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 25, 2026 | Fact | Form ADV |
| Stated check (high) | $6.0M | Sep 16, 2026 | Fact | |
| Stated check (high) | $6.0M | Sep 15, 2026 | Fact | |
| Stated check (low) | $2.0M | Sep 16, 2026 | Fact | |
| Stated check (low) | $2.0M | Sep 15, 2026 | Fact | |
| Stated geography | los angeles “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | los angeles “geography words on the home page” | Sep 15, 2026 | Fact | |
| Stated sectors | AI, enterprise software, B2B “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, enterprise software, B2B “sector words on the home page” | Sep 15, 2026 | Fact | |
| Stated stages | Seed, series a “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Seed, series a “stage words on the home page” | Sep 15, 2026 | Fact | |
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 15, 2026 | Fact | ||
| Venture funds reported | 6 | Mar 25, 2026 | Fact | Form ADV |
| Venture funds reported | 6 | Mar 25, 2026 | Fact | Form ADV |
| Venture funds reported | 5 | Nov 22, 2024 | Fact | Form ADV |
| Website | Nov 22, 2024 | Fact | Form ADV | |
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 15, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmed · 2 filing advisers share this firmShowHide
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.
- importance
- gav: 0.6 · 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
- Adviser's first ADV filing2018-02-27source 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.