Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

British Invasion: Bridges Ventures Invests in Springboard Education in America

The U.K.-based private equity impact investment manager Bridges Ventures is investing in Springboard Education in America, its first U.S. deal after opening an office here last year.

Bridges, a pioneer impact investor on the U.K. scene, was founded in 2002 and now has more than $800 million under management. Its founding chairman, and current advisory board chair, Sir Ronald Cohen has been an outspoken advocate for impact investing on the global stage. To lead the U.S. expansion, Bridges brought on John Rogers, a longtime health and education investor, and Brian Trelstad, formerly Acumen’s chief investment officer. The firm is focused on the challenges, and opportunities for innovation, in health and wellness, education and skills, and sustainable living in the U.S.

Springboard operates programs in seven U.S. states and Washington D.C., serving more than 6,000 students in 53 public and charter schools. Bridges’ investment of an undisclosed amount, will help Springboard expand across the U.S. Bridges typically invests between $3 million and $10 million. Software engineer Kevin Flynn founded Springboard in Massachusetts in 2008.

“The demand for before- and after-school education is enormous, and there are few quality providers at any meaningful scale,” Rogers said in s statement. Spending in the U.S on afterschool programs is nearly $22 billion, with 10.2 million school-aged children enrolled and another 11.3 million who are unsupervised after school, according to the Afterschool Alliance.

You might also like...