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

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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.

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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.

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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.

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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.

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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.

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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.

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Botkeeper

Founder: Enrique F. S.

Babson College: MBA (2005 - 2007)

Capital Raised: $38M

Investors: —

Provides bookkeeping automation solutions to small businesses.

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CompStak

Founder: Sergey G.

Babson College: MBA (2005 - 2007)

Capital Raised: $10M

Investors: —

Provides commercial real estate information through a data exchange platform.

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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.

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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.

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NatureBox

Founder: Gonzalo C.

Babson College: MBA (2005 - 2007)

Capital Raised: $30M

Investors: —

Provides a subscription service for healthy snack foods.

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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.

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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.

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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.

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InsideBoard

Founder: Sébastien Léger

Babson College: Master of Business Administration - MBA (2013 - 2015)

Capital Raised: $28M

Investors: —

Digital adoption and employee engagement platform.

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New View Surgical

Founder: Richard G.

Babson College: MBA (2005 - 2007)

Capital Raised: $22M

Investors: —

Develops innovative surgical technologies.

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Prevoty

Founder: Julien V.

Babson College: MBA (2010 - 2012)

Capital Raised: $10M

Investors: —

Cybersecurity solutions for application security.

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EdSights

Founder: Nick S.

Babson College: MBA (2013 - 2015)

Capital Raised: $12M

Investors: —

Provides an AI-driven solution for student engagement.

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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.

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Eternalhealth

Founder: Pooja Ika

Babson College: (2015 - 2019)

Capital Raised: $20M

Investors: —

Woman-owned health company that does things the right way.

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Vektor Medical

Founder: James W.

Babson College: MBA (2012 - 2014)

Capital Raised: $9M

Investors: —

Develops solutions for cardiac surgery.

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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.

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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.

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Rise

Founder: Andrew Y.

Babson College: MBA (2016 - 2018)

Capital Raised: $10M

Investors: —

Rise up and make a difference through financial freedom.

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Helpful

Founder: Brian F.

Babson College: MBA (2011 - 2013)

Capital Raised: $5M

Investors: —

Provides in-home caregiving services for seniors.

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Carbon Ridge

Founder: Anna K.

Babson College: MBA (2017 - 2019)

Capital Raised: $12M

Investors: —

Innovative carbon management solutions.

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Medbill AI

Founder: Laura M.

Babson College: MBA (2014 - 2016)

Capital Raised: $3M

Investors: —

AI-driven medical billing solutions for healthcare providers.

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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.

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Lendica

Founder: Michael W.

Babson College: MBA (2015 - 2017)

Capital Raised: $8M

Investors: —

Peer-to-peer lending platform for personal loans.

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Revscale AI

Founder: Ava R.

Babson College: MBA (2019 - 2021)

Capital Raised: $5M

Investors: —

AI-driven revenue optimization solutions for businesses.

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Spare

Founder: James C.

Babson College: Bachelor of Science in Business Management (2011 - 2015)

Capital Raised: $10M

Investors: —

Mobile application for managing personal transportation.

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Busy Co.

Founder: Lisa R.

Babson College: MBA (2018 - 2020)

Capital Raised: $2M

Investors: —

Co-working space with a focus on community and creativity.

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Alongside

Founder: Alex T.

Babson College: MBA (2016 - 2018)

Capital Raised: $15M

Investors: —

Project management software for teams.

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Enertiv

Founder: Jacob M.

Babson College: Bachelor of Science, Business Management (2010 - 2014)

Capital Raised: $20M

Investors: —

Provides energy management solutions for real estate.

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4intelligence

Founder: Sara K.

Babson College: MBA (2013 - 2015)

Capital Raised: $6M

Investors: —

AI and data analytics solutions for businesses.

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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.

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First Touch

Founder: Clara Z.

Babson College: MBA (2015 - 2017)

Capital Raised: $4M

Investors: —

Customer relationship management software.

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Munily

Founder: Rita D.

Babson College: Bachelor of Science in Business Administration (2013 - 2017)

Capital Raised: $7M

Investors: —

Platform for municipal management and communication.

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