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.

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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)