Bonfire Ventures
LA-based seed-stage B2B software fund. Stated practice: leads ~95% of rounds and takes board seats; $2-4M typical seed checks.
Snapshot
- Founded: 2017
- Co-founders: Jim Andelman, Mark Mullen (founded 2017). Brett Queener joined in 2018 as Partner/Managing Director (not a co-founder).
- HQ: Los Angeles, CA
- AUM: $1B+ across four funds
- Fund IV: $245M, closed Feb 2025
- Stage: Seed (lead 95%+ of rounds; $2-4M check size typical)
- Posture: Board-taking lead investor
Team
- Jim Andelman — Co-founder/MD; Risotto deal lead per Bonfire team page personal-portfolio listing + investment-post byline + AI Journal quote.
- Brett Queener — Partner/MD (joined 2018, not a co-founder); Bonfire’s most-active board partner (TeamSense, Suite Studios, Blueprint, etc.).
- Mark Mullen — Co-founder/MD.
Risotto Investment
Led Risotto’s 3-4M of the $10M round.