Portfolio

Our portfolio companies are founded, tested, and scaled by mission-driven 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 impact and positive financial returns for equity stakeholders.

Light blue = K-12 exit. Dark blue = postsecondary exit
Light blue = K-12 exit. Dark blue = postsecondary exit

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

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 investment, Board seat, acquired by Blackboard, 2012)
Starfish Retention Solutions (2009 investment, Board seat, acquired by Hobsons, 2015)
Curiosityville (2012 investment, Advisory Board, acquired by HMH, 2015)