Fundraising Fox

Bonsal Capital

Venture capital

Baltimore Β· Seed Β· 1 people tracked

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Investment thesis

Bonsal Capital invests at the seed stage in education and workforce technology companies, viewing early funding as essential to a healthy entrepreneurship ecosystem. The firm emphasizes finding, mentoring, and supporting founders, positioning itself as a hands-on partner that brings deep industry knowledge and networks. A central pillar of its strategy is diversity, equity, and inclusion, with concerted efforts to invest in and support underrepresented founders, company leaders, and emerging venture managers. Beyond capital, the firm acts as an impact partner, opening doors to prospects and investors and helping companies grow so they can better serve their end users and customers.

Source: firm website, verified Aug 3, 2026.

Stage
Seed
Check
$50K – $250K
HQ
Baltimore, MD, US
Leads rounds
Follows
Instruments
Equity
Founded
1999
Tracked investments
6

Team Β· 1 people

from public directories

What they invest in

from 4 of 6 portfolio companies

EdTech Γ—4SaaS Γ—3Enterprise Software Γ—1Mental Health Γ—1

HQs:United StatesΓ—2

Investments Β· 6 tracked

founders shown can be your intro path
Calvert Education ServicesMar 2018SEC filingmedium confidence

Hunt Valley, US

Steve L Gross(Chief Executive Officer)Pamela Chelden(Chief Financial Officer)Robert Henninger, Jr.(Director)Scott Soffen(Director)John Commack(Director)William Harrison(Director)

Board seatFrank BonsalΒ· per SEC Form D Β· $14.2M raise Β· filed Mar 2018

Co-investorsCamden Partners

Better Lessonbetterlesson.comin

BetterLesson provides instructional coaching and professional development services to K-12 school districts, focusing on curriculum implementation, distance learning adaptation, and educator capacity building.

EdTechCambridge, US

Alexander Grodd(Executive Officer, Director, Promoter)Erin Osborn(Executive Officer)

BoardJennifer Carolan(Director)Vinay Seth Mohta(Director)

Co-investorsNew Ground VenturesOwl VenturesNew Markets Venture Partners

Coursearccoursearc.comin

CourseArc is a content authoring and management tool for building accessible, engaging online learning content, with support for collaborative course creation.

EdTechSaaS

elabseverydaylabs.comin𝕏

EveryDay Labs provides behavioral science-based tools and family support services to help schools improve student attendance.

EdTechEnterprise SoftwareSaaS

Todd Rogers(Co-founder & Chief Scientist)

Co-investorsCity LightRethink ImpactEdovate Capital

Tabtor Mathhellothinkster.com

Co-investorsSoundboard Venture Fund

Upswingupswing.ioin𝕏

Upswing offers a wraparound student services platform that supports higher education students with academic help, mental health, basic needs, advising, and on-demand information to improve retention rates.

EdTechMental HealthSaaS

Co-investorsNex CubedTech WildcattersQED InvestorsQuona CapitalRethink Capital Partners

Rows marked β€œSEC filing” are inferred from directors named on the company's SEC Form D β€” public regulatory data, not a portfolio list published by the firm.

Frequently asked questions

What stage does Bonsal Capital invest at?
Bonsal Capital invests at the Seed stage.
What is Bonsal Capital's typical check size?
Bonsal Capital typically writes checks of $50K – $250K.
What sectors does Bonsal Capital focus on?
Bonsal Capital focuses on EdTech, Future of Work, HR Tech, Impact & Social Good.
Where is Bonsal Capital located?
Bonsal Capital is headquartered in Baltimore, US.
Does Bonsal Capital lead rounds?
Bonsal Capital typically participates in rounds rather than leading them.

Images

Bonsal Capital photo

Co-investors Β· 9

Owl Ventures

Owl Ventures is a Silicon Valley-based venture capital firm with over $2 billion in assets under management that invests in education technology companies serving PreK-12, higher education, career mobility, and professional learning sectors. The firm also invests in companies at the intersection of education technology and other industries.

Both backed Β· 1
$5M – $50M
New Markets Venture Partners

New Markets Venture Partners is an impact-focused venture firm that invests in mission-driven education and workforce technology companies aiming to improve economic mobility for underserved Americans.

Both backed Β· 1
$200K – $1.5M
Sequoia Capital

Sequoia Capital is a venture capital firm that partners with founders to build technology companies.

$4.4M – $214M
Menlo Ventures

Menlo Ventures is a venture capital firm that invests in transformative, early-stage AI companies across every layer of the modern AI stack, from applications and middleware to data infrastructure and foundation models.

$1M – $20M
Bling Capital

Bling Capital is a seed-stage venture firm that backs entrepreneurs seeking to find and scale product-market fit, supported by its Bling Product Council of over 100 product leaders.

$1M – $5M
Two Sigma Ventures

Two Sigma Ventures has rebranded and is now known as Deviation Capital; the page directs visitors to the new website.

$2M – $15M
Reach Capital

Reach Capital is an early-stage venture firm that partners with founders building companies in learning, health, and work.

$100K – $12M
Rethink Education

Rethink Education is a venture capital firm backing early-stage founders building companies that expand access to opportunity and economic mobility across education, workforce, health equity, and financial inclusion.

Firms observed investing alongside Bonsal Capital, from public investor directories. Shared companies are the overlap with Bonsal Capital's recorded portfolio.

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