Los Angeles-based venture firm Bonfire is eyeing potential startup investment opportunities in Seattle.
The firm expanded into Seattle recently and has already made three
investments, including CalmWave, Optimize.health, and an undisclosed
startup. Bonfire's principal Tyler Churchill relocated to Seattle to
lead investments. However, the firm has no plans to establish an office
in the region.
- Bonfire primarily backs B2B software startups.
- Individual check sizes range from $2M to $3M.
- The firm raised two funds worth $230M last year to invest in 25 to 30 startups.
- $168M
of the capital was earmarked for its third core seed fund, with the
remaining $63M set aside for a second opportunity fund.
- Last November, the firm led a $4M round into health tech startup CalmWave.
- In January 2023, VC firm Point72 Private Investments also expanded its operations in Seattle.
