After the demise of funk revival pioneer label Desco Records, founders Philippe Lehman and Gabriel Roth parted ways. While Roth started Daptone Records, featuring a cleaner soulful sound, Lehman created Soul Fire Records to feature a dirtier raw funk sound. Soul Fire has reissued quality rare funk records, but these reissues have received limited print runs making them collectable as well. Soul Fire has also produced new funk artists recorded in that old authentic way. The record label ceased its activities near the end of 2003.

Compilations of the label's output were released in 2013 on Truth & Soul. See the vinyl-box comp. visible on this label-page and the (T&S-only) 2xCD-compilation The Soul Fire Box Set (Rare Sides From The Soul Fire Catalogue) which does offer additional selections.