Sofia Fund

What is Sofia Fund?

Sofia Fund is an angel investment firm based in Minneapolis, Minnesota that focuses on fostering the growth of early stage, gender diverse entrepreneurial companies with women leaders owning equity in the business. They target their investments in industries such as Information Technology, Business Products and Services, Health and Wellness, Clean Technology, and other technology sectors.

With a commitment to investing in exceptional women-led growth companies since 1998, Sofia Fund has contributed over $10 million in more than 50 companies. Their investment approach centers on gender-diverse teams with disruptive, scalable business models that leverage technology to address concrete problems.

The Fund places a strong emphasis on businesses that provide transformative outcomes for businesses and consumers alike, whether through software, hardware, apps, analytics, IoT, or AI technologies. Sofia Fund also values enterprise solutions that enhance business processes and operations, health and wellness tech for significant market spaces, and other innovative technological applications that deliver real value and change.

They seek opportunities where their investment can make a significant impact, supported by Sofia Fund’s additional resources and expertise to assist in achieving success.

Sofia Fund’s criteria for investment include gender diverse and experienced management teams, scalable B2B business models, proprietary positioning, large growing markets, and a well-defined business model with proof-of-concept revenues. They invest in US registered companies, with typical investments ranging from $100,000 to $500,000 in rounds of $500,000 to $2 million, and seek situations where ideally only 2-3 subsequent funding rounds are anticipated, with exits expected within 3-5 years.

Sofia Fund prefers investments in the form of preferred stock in C corporations. The managing partners, Cathy Connett, Lisa Crump, Joy Lindsay, and Dee Thibodeau, bring a wealth of experience in building successful businesses, investing, and supporting women entrepreneurs.

What they say:

We invest in women-led, technology-based businesses focused on growth, including health care, information technology, internet, mobile, and software.