Bonfire Interactive
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | 13.3m | 15.8m | 15.8m | 15.8m | 27.0m | 27.0m |
% growth | - | 19 % | - | - | 71 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | Seed | ||
N/A | Angel | ||
N/A | Seed | ||
$3.0m | Seed | ||
$8.0m | Series A | ||
* | N/A | - | |
Total Funding | AUD17.0m |
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Recent News about Bonfire Interactive
EditBonfire eProcurement Solutions is a company that provides specialized software designed to streamline the procurement process for government and public sector organizations. The company operates primarily in North America and serves a variety of public agencies, including municipalities, higher education institutions, utilities, nonprofits, K-12 schools, transportation departments, and public healthcare organizations.
The core function of Bonfire's software is to help these organizations manage bids and Requests for Proposals (RFPs) more efficiently. The platform is designed to be user-friendly, making it easier for procurement teams to handle their tasks and for vendors to submit their bids. This results in faster procurement cycles, better compliance with regulations, and overall improved outcomes for public projects.
Bonfire's business model includes offering a free tier for vendors to submit responses to any Bonfire portal. For more extensive access, vendors can opt for a premium subscription, which allows them to bid on thousands of public sector projects across North America. This tiered approach helps Bonfire generate revenue while providing value to both procurement teams and vendors.
The company also offers robust support and resources, including online help, tips, eBooks, and reports to assist users in maximizing the platform's potential. Additionally, Bonfire provides award-winning coaching and support to ensure a positive client experience.
In summary, Bonfire eProcurement Solutions helps public sector organizations achieve better procurement outcomes through a fast, user-friendly platform that simplifies the bidding process and enhances compliance. The company makes money through premium vendor subscriptions and offers extensive support to ensure client success.
Keywords: eProcurement, government, public sector, bids, RFPs, compliance, vendors, procurement software, North America, efficiency.