Portfolio

We make direct investments in and support companies that are founded, tested, and scaled by mission-driven, often underrepresented entrepreneurs determined to solve a problem that yields positive outcomes for end users, teams, investors and supporters. In short, the goal is to yield both massive, equitable impact and positive financial returns for all stakeholders.

Current

K12:
Allovue
BetterLesson
EveryDay Labs
InferCabulary
Nepris
PrepFactory
Thinkster Math

Postsecondary
Student Opportunity Center
Upswing

MultiSector / Other
CourseArc
Torchlight Care

Previous

American Public Education
Blackboard
Calvert Education
Capella Education
Curiosityville
Defywire
Faculty Guild
Flat World Knowledge
Headsprout
Moodlerooms
Quad Learning
Questar Assessment
Smarthinking
SpectrumK12
Starfish Retention Solutions
StraighterLine

In-Region Exemplars

The following companies received seed stage investment and broad support from Bonsal Capital on their journey to outsized impact and a fruitful exit.

Moodlerooms - 2007 seed investment, Board seat (acquired by Blackboard, 2012)
Starfish Retention Solutions - 2009 seed investment, Board seat (acquired by Hobsons, 2015)
Curiosityville - 2012 pre-seed investment, Advisory Board (acquired by HMH, 2015)
StraighterLine (2009 seed investment, acquired by BV Investment Partners, 2020)