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Bonfire Interactive

FOUNDED : 2011

LOCATION : US & Canada, Canada

TEAM SIZE : 51-200

SOLUTION MATURITY : Scaleup

FUNDING ROUND : Series A

TOTAL FUNDING RAISED ($m) : $11

Core Functionality
Sourcing
Description

Bonfire Interactive is a Canadian company that offers advanced e-sourcing software. Bonfire offers four products: Intake, Price-only Bids, RFP Evaluations, and Contract Management.

Intake offers hassle-free procurement requests, updates requesters, offers a pipeline overview, ensures accountability, and keeps all communication in one place.

Price-only Bidding allows price comparison bids for construction, roadwork, cleaning, and maintenance. It provides easy communication with vendors, compliance management, audit tracking, and automatic vendor sorting and evaluation.

Bonfire’s RFP Evaluation solution uses an integrated approvals workflow, powerful evaluation tools, and customized digital scorecards to provide its clients with a user-friendly and thorough overview of their sourcing process.

Bonfire’s product aims to make a shift from reactive to proactive Contract Management. Its centralized dashboard provides an overview of client-vendor transactions, along with documentation, performance details, contacts, and contract information.

Bonfire has been focusing on securing advanced procurement for public companies. They provide a list of their major clients in the industries they mostly focus in, namely: Municipal, Non-profit, Public, Commercial, Higher Education, K-12, Healthcare, Special Districts, Utilities, and Transportation.

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