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Bonfire

AcquiredYC W15

ON, CA · Founded 2012 · 95 employees · 12 known investors

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Acquired by GTY Technology Holdings Inc. September 2018 · $108M ($108 million USD ($140 million CAD)) · source ↗

Euna Procurement is an AI-powered procurement software platform designed for government agencies to manage sourcing, contracts, purchasing, and invoicing across the full procurement lifecycle. It serves public sector organizations seeking to improve operational efficiency, ensure regulatory compliance, and reduce procurement costs.

AI & Machine LearningEnterprise SoftwareFintechGovTechSaaSProcurementCanadaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (W15)

Bonfire was founded in 2012 by Corry Flatt and Alex Millar.

CFCorry Flatt
Corry FlattFounder/CEOCorry Flatt is CEO and cofounder of GovAI (Civia Inc). Previously, he founded and led Bonfire as CEO.
AMAlex Millar
Alex MillarFounder/CTOAlex Millar is CTO and cofounder of Civia Inc., and previously held the same role at Bonfire.

Investors · 12

Garage Capitallisted by Garage CapitalWaterloo

How we know: the VCSheet dataset · Not right? Tell us

Spider Capitallisted by Spider CapitalSan Francisco · $500K

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Y Combinatorlisted by Y CombinatorSan Francisco · $500K

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Agrolimen Venturesreported

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Battery VenturesreportedBoston · $500K – $100M

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Cendana CapitalreportedSan Francisco

How we know: Y Combinator's founder network · Not right? Tell us

Crosslink CapitalreportedMenlo Park · $1M – $9M

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Inovia CapitalreportedMontreal · $250K – $8M

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Qualcomm VenturesreportedSan Diego · $5M

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Susa VenturesreportedSan Francisco · $1M – $5M

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WefunderreportedSan Francisco

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Related companies · 7

HazelHazel AI provides software that automatically generates Request for Proposal (RFP), Request for Quote (RFQ), and Request for Bid (RFB) documents using an agency's templates, past awards, and policies. The tool is designed for government and procurement agencies to rapidly create compliant solicitations.
Euna SolutionsEuna Solutions builds SaaS software for the public sector to manage budgets, procurement, grants, payments, and financial operations. The company serves government and public sector agencies across North America, focusing on improving efficiency, transparency, and trust in community operations.
MentumMentum provides AI-powered analysis tools that help procurement and supply chain teams process unstructured data into insights for sourcing decisions and cost reduction, serving industries including consumer goods, energy, automotive, and aerospace.
DemandStarDemandStar operates an online procurement marketplace connecting local government agencies with business suppliers, letting governments post bid solicitations and vendors get notified of and submit bids through eBidding tools. It serves government agencies such as cities, counties, school districts, and housing authorities alongside businesses seeking government contracts, primarily across the United States.
ProcotoProcoto is a procurement platform that centralizes vendor management, sourcing requests, and contracts for purchasing teams. It serves organizations in sectors like public sector, property management, construction, and logistics that need to manage vendor sourcing and contract terms at scale.
DexterDexter uses AI to analyze supplier invoices and contracts for procurement teams, identifying opportunities to reduce spending through consolidation and detection of off-contract or leaked expenses.
VendrVendr provides a SaaS pricing intelligence platform and AI-powered negotiation tools for procurement, finance, and IT teams to benchmark software costs and reduce overpayment. The company aggregates transaction data from thousands of SaaS purchases to deliver data-driven negotiation strategies and autonomous contract negotiation capabilities.

Companies working in the same space as Bonfire.

Frequently asked questions

What does Bonfire do?
Euna Procurement is an AI-powered procurement software platform designed for government agencies to manage sourcing, contracts, purchasing, and invoicing across the full procurement lifecycle. It serves public sector organizations seeking to improve operational efficiency, ensure regulatory compliance, and reduce procurement costs.
Who founded Bonfire?
Bonfire was founded by Corry Flatt, Alex Millar in 2012.
Who are Bonfire's investors?
Bonfire's investors include FundersClub, Garage Capital, Spider Capital, Y Combinator, Agrolimen Ventures, Battery Ventures, Cendana Capital, Crosslink Capital and 4 more.
Where is Bonfire headquartered?
Bonfire is headquartered in ON, CA.