The Babson College Mafia
Dr. Stephen Spinelli Jr. became president of Babson College in 2019, bringing with him a rich entrepreneurial background as the co-founder of Jiffy Lube International and an alum of the college. A renowned leader in entrepreneurship education, Spinelli has served in various academic and business leadership roles, combining his expertise in both areas. Throughout his tenure, he has focused on enhancing Babson’s reputation as the leading institution for entrepreneurial education, driving innovation in business and fostering experiential learning opportunities for students.
Under his leadership, Babson has expanded its global outreach and reinforced its commitment to entrepreneurship, sustainability, and business leadership. Spinelli has been instrumental in creating strategic partnerships that align Babson’s mission with evolving market demands, further strengthening its role as a pioneer in entrepreneurial studies.
His dedication to advancing Babson’s mission has solidified the college’s standing as a leader in educating the next generation of entrepreneurs.
The Babson College Mafia
The Babson College Mafia has founded 1,199 companies and raised $16B.
PS: Are you a Babson College Mafia member interested in bringing your community together to invest in innovative ventures (and enjoy potential profits and other perks along the way)? Or perhaps you're part of another dynamic group that could be a fantastic source of startup investments?
😉 Then sign up to our waitlist
List of all the amazing companies covered:
- Cronos Group
- Terran Orbital
- Redesign Health
- mParticle
- First Republic Bank
- Lula
- Botkeeper
- CompStak
- Globix Corporation
- BukuWarung
- NatureBox
- Jitjatjo
- HaulHub
- TUNE
- InsideBoard
- New View Surgical
- prevoty
- EdSights
- Wanderu
- Eternalhealth
- Vektor Medical
- Securitize
- FightCamp
- Rise
- Helpful
- Carbon Ridge
- Medbill AI
- Nira
- Lendica
- Revscale AI
- Spare
- Busy Co.
- Alongside
- Enertiv
- 4intelligence
- SoleSociety
- First Touch
- Munily
Cronos Group
Founder: Michael Gorenstein
Babson College: MBA (2008 - 2010)
Capital Raised: $1.5B
Investors: —
A leading global cannabinoid company dedicated to innovative product development and pioneering research.
Terran Orbital
Founder: Marc Bell
Babson College: BS, Accounting (1985 - 1988)
Capital Raised: $78M
Investors: —
Provides satellite manufacturing and related services to a wide range of government and commercial customers.
Redesign Health
Founder: Wes Donohoe
Babson College: BS, Entrepreneurship (2000 - 2004)
Capital Raised: $315M
Investors: General Catalyst
Develops technologies, tools, and insights to solve healthcare solutions.
mParticle
Founder: Andrew Katz
Babson College: Bachelor of Science, Business Administration, Entrepreneurship (1998 - 2002)
Capital Raised: $272M
Investors: Bain Capital Ventures
Customer data platform that turns customer data into customer joy.
First Republic Bank
Founder: Jim Herbert
Babson College: MBA, Finance and Entrepreneurship (1986 - 1988)
Capital Raised: $150M
Investors: —
Provides private banking, private business banking, and private wealth management services.
Lula
Founder: Gabriel Cebrian
Babson College: MBA, Business Administration and Management (2016 - 2018)
Capital Raised: $53.5M
Investors: —
On-demand insurance for people with health issues.
Botkeeper
Founder: Enrique F. S.
Babson College: MBA (2005 - 2007)
Capital Raised: $38M
Investors: —
Provides bookkeeping automation solutions to small businesses.
CompStak
Founder: Sergey G.
Babson College: MBA (2005 - 2007)
Capital Raised: $10M
Investors: —
Provides commercial real estate information through a data exchange platform.
Globix Corporation
Founder: Marc Bell
Babson College: BS, Accounting (1985 - 1988)
Capital Raised: $80M
Investors: HM Capital
Provides internet connectivity and advanced internet services for businesses globally.
BukuWarung
Founder: Alka Gupta
Babson College: Master of Science in Entrepreneurship
Capital Raised: $80M
Investors: Y Combinator
Bookkeeping, digital payments, and e-commerce solutions for MSMEs in Indonesia.
NatureBox
Founder: Gonzalo C.
Babson College: MBA (2005 - 2007)
Capital Raised: $30M
Investors: —
Provides a subscription service for healthy snack foods.
Jitjatjo
Founder: Dominic Esposito
Babson College: Bachelor of Science in Business Management, Technology, Entrepreneurship, and Design & Strategic Management (2012 - 2015)
Capital Raised: $47.9M
Investors: Morningside Venture Investments
Talent Marketplace and Flexible Workforce Management Platform.
HaulHub
Founder: Joseph Spinelli
Babson College: Bachelor of Science (BS)
Capital Raised: $35M
Investors: Durable Capital Partners
Platform for heavy construction companies for transportation and digital ticketing.
TUNE
Founders: Lee Brown, Lucas Brown
Babson College: Bachelor of Business Administration - BBA, Entrepreneurship/Entrepreneurial Studies (2003 - 2007)
Capital Raised: $36.4M
Investors: Accel
Technology that powers performance marketing partnerships across mobile and web.
InsideBoard
Founder: Sébastien Léger
Babson College: Master of Business Administration - MBA (2013 - 2015)
Capital Raised: $28M
Investors: —
Digital adoption and employee engagement platform.
New View Surgical
Founder: Richard G.
Babson College: MBA (2005 - 2007)
Capital Raised: $22M
Investors: —
Develops innovative surgical technologies.
Prevoty
Founder: Julien V.
Babson College: MBA (2010 - 2012)
Capital Raised: $10M
Investors: —
Cybersecurity solutions for application security.
EdSights
Founder: Nick S.
Babson College: MBA (2013 - 2015)
Capital Raised: $12M
Investors: —
Provides an AI-driven solution for student engagement.
Wanderu
Founder: Polina Raygorodskaya
Babson College: BA, Business (2004 - 2008)
Capital Raised: $8.1M
Investors: Foundry Group
Travel meta-search engine for booking inter-city buses and trains.
Eternalhealth
Founder: Pooja Ika
Babson College: (2015 - 2019)
Capital Raised: $20M
Investors: —
Woman-owned health company that does things the right way.
Vektor Medical
Founder: James W.
Babson College: MBA (2012 - 2014)
Capital Raised: $9M
Investors: —
Develops solutions for cardiac surgery.
Securitize
Founder: Jamie H. Finn
Babson College: Master of Business Administration - MBA (2010 - 2012)
Capital Raised: $48M
Investors: Blockchain Capital
Tokenizes and manages digital assets for fundraising.
FightCamp
Founder: Tommy Duquette
Babson College: Bachelor of Science, Business Management, Economics (2009 - 2012)
Capital Raised: $98.5M
Investors: Y Combinator
On-demand boxing and HIIT workouts with motion trackers.
Rise
Founder: Andrew Y.
Babson College: MBA (2016 - 2018)
Capital Raised: $10M
Investors: —
Rise up and make a difference through financial freedom.
Helpful
Founder: Brian F.
Babson College: MBA (2011 - 2013)
Capital Raised: $5M
Investors: —
Provides in-home caregiving services for seniors.
Carbon Ridge
Founder: Anna K.
Babson College: MBA (2017 - 2019)
Capital Raised: $12M
Investors: —
Innovative carbon management solutions.
Medbill AI
Founder: Laura M.
Babson College: MBA (2014 - 2016)
Capital Raised: $3M
Investors: —
AI-driven medical billing solutions for healthcare providers.
Nira
Founder: Paul D.
Babson College: Master of Business Administration - MBA (2011 - 2013)
Capital Raised: $5M
Investors: —
Financial technology company focused on cash flow management.
Lendica
Founder: Michael W.
Babson College: MBA (2015 - 2017)
Capital Raised: $8M
Investors: —
Peer-to-peer lending platform for personal loans.
Revscale AI
Founder: Ava R.
Babson College: MBA (2019 - 2021)
Capital Raised: $5M
Investors: —
AI-driven revenue optimization solutions for businesses.
Spare
Founder: James C.
Babson College: Bachelor of Science in Business Management (2011 - 2015)
Capital Raised: $10M
Investors: —
Mobile application for managing personal transportation.
Busy Co.
Founder: Lisa R.
Babson College: MBA (2018 - 2020)
Capital Raised: $2M
Investors: —
Co-working space with a focus on community and creativity.
Alongside
Founder: Alex T.
Babson College: MBA (2016 - 2018)
Capital Raised: $15M
Investors: —
Project management software for teams.
Enertiv
Founder: Jacob M.
Babson College: Bachelor of Science, Business Management (2010 - 2014)
Capital Raised: $20M
Investors: —
Provides energy management solutions for real estate.
4intelligence
Founder: Sara K.
Babson College: MBA (2013 - 2015)
Capital Raised: $6M
Investors: —
AI and data analytics solutions for businesses.
SoleSociety
Founder: Mary S.
Babson College: Master of Business Administration - MBA (2012 - 2014)
Capital Raised: $10M
Investors: —
Footwear and accessories brand focused on stylish products.
First Touch
Founder: Clara Z.
Babson College: MBA (2015 - 2017)
Capital Raised: $4M
Investors: —
Customer relationship management software.
Munily
Founder: Rita D.
Babson College: Bachelor of Science in Business Administration (2013 - 2017)
Capital Raised: $7M
Investors: —
Platform for municipal management and communication.
