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Bonfire - aVenture Company Research

Bonfire

Bonfire

Acquired, subsidiary ofGTY Technology

Bonfire revolutionizes government procurement with cutting-edge eSourcing technology, streamlining processes for faster, smarter decisions.

Founded

Accelerator

Y Combinator W15

Founded with a mission to revolutionize government procurement, Bonfire offers a next-generation eSourcing and competitive bidding platform. The company aims to streamline the complex processes involved in government procurement, which accounts for approximately 18% of GDP. Bonfire's cloud-based platform enables procurement teams to make better, faster decisions through enhanced collaboration and insightful tools. Their primary focus is on government procurement teams, helping them navigate stringent compliance requirements efficiently.

Bonfire has garnered attention from notable investors and industry leaders, contributing to its rapid growth and adoption. The platform has achieved significant milestones, including widespread implementation across various government agencies and positive feedback from users who report improved efficiency and decision-making. Overall, Bonfire's impact on the procurement landscape is profound, offering a modern solution that addresses the unique challenges faced by government procurement professionals.

Bonfire - M & A Snapshot

GTY Technology
Acquired Bonfire • Undisclosed • Feb 19, 2019

Bonfire - Quick Facts

Who are Bonfire's competitors?

Companies similar to Bonfire include Govly, Glass | Government Ecosystems, Hazel and GovDash.

When was Bonfire founded?

Bonfire was founded in 2012.

How much disclosed funding has Bonfire raised?

As of Sep 12, 2018, Bonfire has disclosed funding of $120k (USD). Undisclosed round amounts are excluded.

Bonfire - Classification

Ownership: Venture-backed
Technology: Cloud
Geographic Exposure: Americas

Model: Platform
Revenue: Recurring
Customer: Government
Main Product: Esourcing

Tags: SaaS

Bonfire - Similar Companies

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