Bonsal Capital

Bonsal Capital is a mission-driven partnership investing primarily in the Capital Region in technology enabled services solving problems in education, healthcare, and cyber security. The firm was founded in 1999 by New Enterprise Associates (NEA) cofounder Frank A. Bonsal, Jr and is based in Baltimore, Maryland.

Frank A. Bonsal

Managing Partner

Past deals in Maryland

CourseArc

Convertible Note in 2020
CourseArc, LLC provides digital content creation tool that allows creation of online courses. The company provides services to corporate, nonprofit organizations, content publisher and creators. CourseArc, LLC was founded in 2015 and is based in Baltimore, Maryland.

Terbium Labs

Series A in 2017
Terbium Labs offers Matchlight, the world’s most comprehensive and only fully private dark web data monitoring solution, capable of quickly finding stolen data and minimizing the damage caused by a data breach. Terbium Labs was founded by Michael Moore and Danny Rogers in 2013 and is based in Baltimore, Maryland.

Allovue

Series A in 2015
Allovue is a software platform that helps school districts create and plan budgets and monitor spending to make financial. The user-friendly software applications allow district officials, principals, and other school administrators to visualize, analyze, and optimize the impact of spending on outcomes in education. The company's flagship product, Balance, contains applications to analyze school budgets, track and forecast expenditures, identify trends over time, and plan for future capital investments. Allovue allows superintendents to easily communicate district budgets with their staff, board, and community leaders, ensuring that budgets are strategically aligned to district goals and priorities. It connects education, finance, and technology to meet the needs of education decision-makers.

Terbium Labs

Seed Round in 2015
Terbium Labs offers Matchlight, the world’s most comprehensive and only fully private dark web data monitoring solution, capable of quickly finding stolen data and minimizing the damage caused by a data breach. Terbium Labs was founded by Michael Moore and Danny Rogers in 2013 and is based in Baltimore, Maryland.

Sickweather

Seed Round in 2015
Sickweather Inc. is a company that specializes in illness forecasting and mapping through its innovative mobile application. Founded in 2011 and based in Windsor Mill, Maryland, Sickweather utilizes patented social listening technology to scan social networks for indicators of illness. This allows the platform to detect real-time illness trends at a hyper-local level across more than 120 countries. Users receive alerts via email about potential sickness in their vicinity, and the application also provides a 15-week forecast and a threat level index known as the SickScore, effectively acting as a Doppler radar for illness.

Allovue

Seed Round in 2014
Allovue is a software platform that helps school districts create and plan budgets and monitor spending to make financial. The user-friendly software applications allow district officials, principals, and other school administrators to visualize, analyze, and optimize the impact of spending on outcomes in education. The company's flagship product, Balance, contains applications to analyze school budgets, track and forecast expenditures, identify trends over time, and plan for future capital investments. Allovue allows superintendents to easily communicate district budgets with their staff, board, and community leaders, ensuring that budgets are strategically aligned to district goals and priorities. It connects education, finance, and technology to meet the needs of education decision-makers.

Calvert Learning

Series A in 2013
Calvert Learning, based in Hunt Valley, Maryland, specializes in providing curriculum services for home school students and educational institutions. Established in 1906, the company offers a comprehensive range of courses in subjects such as history, mathematics, science, literature, and foreign languages, utilizing a blend of traditional textbooks and online learning. Its curriculum is designed for English-speaking students from pre-kindergarten through eighth grade, emphasizing active, project-based learning. In addition to its academic offerings, Calvert Learning provides advisory teaching, technical support services, and flexible, modular approaches tailored to the needs of schools and districts. The organization has a long-standing commitment to ensuring that all students have access to a high-quality education, regardless of their learning environment. As of 2019, Calvert Learning operates as a subsidiary of Edmentum, Inc., continuing its mission to support both homeschool families and educational institutions.

Curiosityville

Seed Round in 2011
Curiosityville LLC operates interactive website for children. The company was incorporated in 2010 and is based in Cockeysville, Maryland.

Moodlerooms

Venture Round in 2010
Moodlerooms connects institutions to their Learning Management Platform, joule, that evolves around the user. Joule combines functionality and service into an adaptable package that matches institution's needs.

StraighterLine

Seed Round in 2010
StraighterLine, Inc. provides a low cost online and distance learning courses from accredited colleges and universities. It offers courses in the areas of business, English, health science, humanities, languages, mathematics, science, social science, technology, and college preparation. It also provides a tuition assistance program. The company was founded in 2009 and is based in Baltimore, Maryland.

Videology

Series A in 2008
Videology is a digital media advertising technology solutions provider, providing its clients with solutions to connect advertiser brands with consumers who are most interested in those brands. By leveraging the power of consumer data and ad decisioning, we increase accountability, and optimize the performance of video and display advertising campaigns by providing a more relevant, meaningful web experience for consumers who view the ads delivered through our advertising technology solutions.

Moodlerooms

Seed Round in 2007
Moodlerooms connects institutions to their Learning Management Platform, joule, that evolves around the user. Joule combines functionality and service into an adaptable package that matches institution's needs.
Spectrum K12 School Solutions, Inc. provides response to intervention (RTI) and special education IEP software for K-12 student population in the United States. It offers Encore, a special education data management system, which provides a Web-based solution to manage the individualized learning process for various students receiving special services, including special education, 504, limited English proficiency (LEP/ESL), and pre-referral response to intervention (RTI) programs. Spectrum K12 School Solutions, Inc. was formerly known as 4GL School Solutions, Inc. The company was founded in 1996 and is headquartered in Towson, Maryland.