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Frank Bonsal

Managing Partner at Bonsal Capital

Washington DC-Baltimore Area

Overview

Work Experience

  • Managing Partner & Member

    2019 - Current

    Founded in 1999 by NEA Co-founder Frank Bonsal, Jr, Bonsal Capital invests directly in pre-seed, seed, and early stage focused companies that target the future of learning and work, with a National Capital Region bent, and indirectly in funds with emerging or diverse emerging managers. EXITS: American Public Education, Inc. (2007), Blackboard, Inc. (2004), Calvert Education (2019), Capella Education (2006), Curiosityville (2014), Headsprout (2011), InferCabulary (2021), Moodlerooms (2012), Nepris (2021), NxThera (2018), Quad Learning (2018), Questar Assessment (2017), Smarthinking (2011), Spectrum K12 (2010), Starfish Retention Solutions (2015), StraighterLine (2020), Student Opportunity Center (2023), Torchlight (2021) and Videology (2018). Active Direct Investments: Allovue, BetterLesson, Canopie, Clymb, CourseArc, Early Works, Everyday Labs, KidzToPros, PrepFactory, Thinkster Math, and Upswing. Active Indirect Investments: Leeds Illuminate SPV, Legal Tech Fund, RareBreed VC, and Zeal Capital Partners (Board of Advisors) Previous Boards: Calvert Education (acquired, 2019), Moodlerooms (acquired, 2012), Spectrum K12 (acquired, 2010)

  • Partner & Member

    2007 - 2019

  • Associate

    2001 - 2007

  • Board Director

    2018

    Committees: Executive & Governance Advisory Committees: Impact Studio & Fiscal Sponsorship

  • Board Chair

    2020 - 2023

  • Vice Chair

    2019 - 2020

    From its Baltimore city headquarters, the nonprofit Digital Harbor Foundation’s work is grounded in advancing one or more of our four key pillars: Digital Equity for Everyone, Diversity in the Tech Sector, Innovative STEM Education, and Technology for Public Good.

  • Director of Venture Creation

    2013 - 2019

    In early 2014, under Bonsal’s direction, TowsonGlobal was renamed the Towson University Incubator (TU Incubator) and re-positioned with an industry focus on education technology and a recalibrated support of entrepreneurs within a new unit called 'Venture Creation'. The unit designed, implemented, and proved out over two academic calendars a program called Student Launch Pad, now part of TU's Center for Innovation and Entrepreneurship. TU Incubator supports the largest hub of edtech companies in Maryland and the Capital Region, from the Baltimore metro, one of the top education innovation clusters in the U.S. Since inception, TU Incubator has supported over 100 companies, induced over 1,000 new jobs, attracted over $30 million of outside capital, and yielded a greater than $150 million in economic impact; these incubator companies have utilized the support of over 150 student interns and dozens and dozens of mentors and advisors.

  • Interim Director >> TowsonGlobal Business Incubator

    2013 - 2013

  • General Partner

    2010 - 2015

    Between November 2007 and April 2015, New Markets made its first 15 education investments, over two-thirds sourced by Bonsal, who was a catalyst in raising the firm’s vintage 2010, inaugural education fund, New Markets Education Partners, LP. Board Service: BetterLesson, Calvert Education (acquired 2019), Kickboard (acquired 2021), Moodlerooms (acquired 2012), Presence Learning (acquired 2021), Questar Assessment (acquired 2017), Starfish Retention Solutions (acquired 2015), Think Through Learning (acquired 2016)

  • Partner

    2007 - 2010

  • Head Coach, MS Football & Lacrosse

    1998 - 2001

  • Teacher, 5th & 6th Grade English & History

    1998 - 2001

  • Grade Dean, 5th Grade

    2000 - 2001

    MS English/History, MS Football + Lacrosse

  • Asst. Coach, Varsity Football & JV Boys’ Lacrosse

    1995 - 1998

  • Teacher, 6th & 7th Grade English & History

    1995 - 1998

  • Head Coach, Boys’ Varsity Lacrosse

    1993 - 1995

    Ranked #4 in Delaware at 1995 end-of-season

  • Teacher, 5th Grade

    1993 - 1995

  • Asst. Coach, Varsity Football

    1993 - 1994

  • Founder + Head Coach

    1991 - 1993

  • Asst. Coach, Boys’ Varsity Lacrosse

    1988 - 1991

  • Asst. Coach, Varsity Lacrosse

    1986 - 1988

Relevant Websites