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bonfirevc.com

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Investments

67

Portfolio Exits

2

Funds

4

Service Providers

1

About Bonfire Ventures

Bonfire Ventures is a California-based VC firm.

Bonfire Ventures Headquarter Location

725 Arizona Avenue #400 Suite 400

Santa Monica, California, 90401,

United States

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Research containing Bonfire Ventures

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CB Insights Intelligence Analysts have mentioned Bonfire Ventures in 1 CB Insights research brief, most recently on Nov 6, 2019.

Latest Bonfire Ventures News

Trustpage Announces $5 Million Round to Transform How Companies Build Trust

Dec 1, 2021

Trustpage Announces $5 Million Round to Transform How Companies Build Trust The AI-powered technology solution reinvents the software purchasing process by making security reviews faster and easier for everyone DETROIT, Mich., November 30, 2021-- Trustpage — the centralized hub transforming how companies collaborate to build trust — today announced a $5 million seed funding round led by Bonfire Ventures, Ludlow Ventures, and Detroit Venture Partners, with key investments from Entrée Capital, Basement Fund and GTMfund. Software companies use Trustpage's AI-powered Trust Centers to manage, share and collaborate with customers on their complete security posture. Cybercrime will cost the world more than $6 trillion in 2021, with annual global costs expected to grow 15% year-over-year. If cybercrime were a nation, it would be the world's third-largest economy. The software powering the world — especially in the new digital-first landscape amid the pandemic — is now one of the biggest targets for crime. "Trust in software is broken," said Chase Lee, CEO and founder at Trustpage. "Trustpage transforms the often painful process of security reviews into a fast and easy collaboration. By empowering companies to easily earn and build the trust of their customers, we help transform security into a competitive advantage and maximize revenue opportunities." Trustpage's easy-to-use Trust Centers reinvent how companies collaborate on and communicate their security posture with customers and prospects. The end-to-end solution acts as a single pane of glass over a company's stack of security features and policies, giving customers and prospects straightforward insights into the measures keeping them and their customers safe. Trustpage turns security into a selling point and competitive advantage. Engineering and security teams are typically hard-pressed for time. Trustpage's concise and transparent solutions equip salespeople and teams with the key insights they need to lead conversations about security with confidence throughout an entire sales process while also freeing engineers and security leaders for higher priority technical tasks. With Trustpage, software teams can proactively collaborate on and communicate every step they're taking to protect user data, comply with regulations, and prevent cyber threats. The solution: • Acts like a nutrition label for company's security, highlighting its tools to manage crucial areas like compliance, data security, privacy, reliability, infrastructure, and threat management, • Uses AI to assist users in completing security reviews using natural language processing that understands the language of trust, • Allows software buyers and sellers to collaboratively share information via secure channels and in accessible formats that eliminate outdated back-and-forth, and enables teams to gain visibility into who is accessing their documents, • Offers branded design domain that can be integrated into a company's CRM platform Trustpage is seeing strong interest in its solutions and receiving positive feedback from customers across the globe. More than 5,300 companies have been mapped by its AI-powered security scanner and added to Trustpage's network, and 300 companies have claimed their profiles. "Trustpage takes a product-led approach to security that helps companies turn what is often considered a liability into a competitive advantage," said Brett Queener, partner at Bonfire Ventures and former Salesforce EVP. "Software companies must earn the trust of their customers to scale, and Trustpage eliminates outdated processes through AI-powered collaboration that makes security reviews faster and easier for everyone." Sift, which empowers employees to better discover and collaborate with others across their organization, turned to Trustpage as they doubled down on their security posture. Sift's Trust Center took less than 30 minutes to create and eliminates the need for the company to hunt down information from technical experts or manually create other resources detailing its security measures. "Trustpage makes it easy to quickly and clearly communicate our trust and security policies with customers, and helps us build credibility with a prospect from the first interaction," said Sift Director of Product Engineering Ryan Bickham. "Because we have a single central resource detailing our security posture, our sales teams can discuss our security efforts with confidence, and our developers can focus on strengthening our product instead of doing a job that a platform like this was built for." The Trustpage team faced the problem that it's seeking to solve. Trustpage's leadership worked together at a previous company, Ambassador, where they discovered the tools they needed to build trust with prospects around security and privacy simply didn't exist. So they built what they needed and used their newfound competitive advantage to become a leader in the enterprise SaaS space. Trustpage will use this funding to recruit and hire top talent, invest in developing innovative new features like AI-assisted reviews, and expand its services with a focus on software buyers and auditors. To learn more about Trustpage or schedule a demo, visit: trustpage.com. About Trustpage Trustpage helps companies turn security into a competitive advantage by giving their prospects and customers a dynamic trust center where they can get answers to their questions, securely request and share docs, and collaborate on full AI-assisted security reviews. With Trustpage, companies earn their customers' confidence earlier, close deals faster, and give back their team's time. To learn more, visit: trustpage.com.

Bonfire Ventures Investments

67 Investments

Bonfire Ventures has made 67 investments. Their latest investment was in Trustpage as part of their Seed VC on November 11, 2021.

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Bonfire Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/30/2021

Seed VC

Trustpage

$5M

Yes

3

11/19/2021

Seed VC

Duro

$4M

Yes

1

11/8/2021

Series B

SafeRide Health

No

1

10/28/2021

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

10/5/2021

Seed VC - II

Subscribe to see more

$99M

Subscribe to see more

10

Date

11/30/2021

11/19/2021

11/8/2021

10/28/2021

10/5/2021

Round

Seed VC

Seed VC

Series B

Seed VC

Seed VC - II

Company

Trustpage

Duro

SafeRide Health

Subscribe to see more

Subscribe to see more

Amount

$5M

$4M

$99M

$99M

New?

Yes

Yes

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

3

1

1

10

10

Bonfire Ventures Portfolio Exits

2 Portfolio Exits

Bonfire Ventures has 2 portfolio exits. Their latest portfolio exit was OpenPath on July 13, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/13/2021

Acquired

12

00/00/0000

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Subscribe to see more

Subscribe to see more

10

Date

7/13/2021

00/00/0000

Exit

Acquired

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Companies

Subscribe to see more

Valuation

Acquirer

Subscribe to see more

Sources

12

10

Bonfire Ventures Acquisitions

2 Acquisitions

Bonfire Ventures acquired 2 companies. Their latest acquisition was Rincon Venture Partners on January 29, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/29/2018

Merger

1

1/29/2018

Subscribe to see more

$99M

Subscribe to see more

10

Date

1/29/2018

1/29/2018

Investment Stage

Companies

Subscribe to see more

Valuation

Total Funding

$99M

Note

Merger

Subscribe to see more

Sources

1

10

Bonfire Ventures Fund History

4 Fund Histories

Bonfire Ventures has 4 funds, including Bonfire Ventures Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/10/2020

Bonfire Ventures Fund II

$100M

4

1/29/2018

Bonfire Ventures Fund I

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$99M

10

Bonfire Ventures II LP

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$99M

10

Bonfire Ventures Select I

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$99M

10

Closing Date

9/10/2020

1/29/2018

Fund

Bonfire Ventures Fund II

Bonfire Ventures Fund I

Bonfire Ventures II LP

Bonfire Ventures Select I

Fund Type

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Amount

$100M

$99M

$99M

$99M

Sources

4

10

10

10

Bonfire Ventures Service Providers

1 Service Provider

Bonfire Ventures has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Bonfire Ventures Team

3 Team Members

Bonfire Ventures has 3 team members, including current Founder, Managing Director, Jim Andelman.

Name

Work History

Title

Status

Jim Andelman

Broadview Capital Partners, Alex. Brown, and Symmetrix Solutions

Founder, Managing Director

Current

Mark Mullen

Founder

Current

Mark Mullen

Founder

Current

Name

Jim Andelman

Mark Mullen

Mark Mullen

Work History

Broadview Capital Partners, Alex. Brown, and Symmetrix Solutions

Title

Founder, Managing Director

Founder

Founder

Status

Current

Current

Current

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