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Bonfire Union company logo
Corporate Venture

Investments

4

Funds

1

About Bonfire Union

Bonfire Union is the corporate venture arm of Mask Network. It is investing in the Open Web revival.

Headquarters Location

Beijing,

China

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Latest Bonfire Union News

With maiden $42M fund, Bonfire Union wants to invest in web3 like Tencent does in web2 – TechCrunch

Jul 6, 2022

With maiden $42M fund, Bonfire Union wants to invest in web3 like Tencent does in web2Mask Network, a Binance-backed startup that enables users to send cryptocurrencies and encrypted messages on established internet platforms like Twitter, has an ambitious goal: to become the corporate venture capital powerhouse in web3 as Tencent has done in web2.To that end, the five-year-old company recently completed the first close of its venture investment arm called Bonfire Union.Similarly, Bonfire Union aspires to foster interdependent relationships with startups building social services, infrastructure, and games for web3.Mask Network has already dabbled in this approach.Mask Network is the largest cornerstone investor in Bonfire Union following the close and will continue to inject capital through its treasury and co-investment by team members. Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.

Bonfire Union Investments

4 Investments

Bonfire Union has made 4 investments. Their latest investment was in 0xScope as part of their Seed VC on September 9, 2022.

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Bonfire Union Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/22/2022

Seed VC

0xScope

$3M

Yes

2

8/17/2022

Seed VC

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$99M

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10

11/2/2021

Series A - III

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$99M

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10

6/9/2021

Seed VC

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10

Date

9/22/2022

8/17/2022

11/2/2021

6/9/2021

Round

Seed VC

Seed VC

Series A - III

Seed VC

Company

0xScope

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Amount

$3M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

Bonfire Union Fund History

1 Fund History

Bonfire Union has 1 fund, including Bonfire Union Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/6/2022

Bonfire Union Fund I

$42M

1

Closing Date

7/6/2022

Fund

Bonfire Union Fund I

Fund Type

Status

Amount

$42M

Sources

1

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