Funding

Bonfyre Raises $4M

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What does Bonfyre do?

Bonfyre, is a private social communication platform helping companies engage employees and aligning culture. Its premium features support recognition, internal communications, collaboration, engagement campaigns, and workplace satisfaction across locations and teams. The familiar social feed design and cloud based architecture leads to prominent higher engagement and adoption rates than other solutions. The company’s powerful analytics engine and survey features create a new type of real time human resource business intelligence, aiding companies in evaluting and investing in their employee programs more better and wisely.

How much Bonfyre was funded?

The company raised $4M in undisclosed round on June 21, 2016 from Arsenal Capital Management.

Previous funding

  • $50k on January 1, 2012 from Capital Innovators
  • $750k on March 1, 2012 from Louis Arch Angels
  • $1.7M on November 19, 2013 from mktg
  • $480k on April 23, 2014
  • Undisclosed amount in Series A on July 25, 2014 from Billiken Angels Network
  • $30k in Series A on December 15, 2014 from Billiken Angels Network
  • $100k on February 5, 2015 from Capital Innovators
  • $147.5k in Series A on September 30, 2015 from Billiken Angels Network
  • $2.45M in Series A on January 6, 2016 from Arsenal Capital Management

What is next for Bonfyre?

The company plans to use the latest funding raised for growing its sales teams, improving its customer support for the company’s increasing number of clients and for deepening its technical expertise. The company has announced that Dan Geraty, CEO of Clearant, has joined the company’s board of directors. The company has grown rapidly since 2012 and has some major clients like Commerce Bank, Marriott and Express Scripts and 9 other Fortune 500 companies. The company has developed a wide range of unique tools which are focused on building communities and strengthening relationships of engaged employees.

More about Bonfyre

Bonfyre was founded on October 1, 2012 by Mark  Sawyier and Chris Dornfeld. It has its headquarters in St Louis, Missouri.

 

 

 

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