Investing in Exceptional Women-Led Growth Businesses

Has been our business since 1998

 Sofia Fund

 *

The average woman-owned business makes 20% more revenue with 50% less investment than other companies.

 Imagine what the above-average can do.

 We’re Sofia Fund. And we find, invest in and grow those exceptional women-led companies.

 We work side-by-side with our entrepreneurs, connecting them with others who can join in for support. We are business owners ourselves, so we understand what it takes to build a successful company. 

 Then we take our entrepreneurs, and co-investors, across the finish line for a profitable exit.

 Together, we’ve invested more than $10 million in over 50 companies.

 You could say we’re no ordinary angels. We are changing the trajectory of the investment community to go beyond achieving parity for women entrepreneurs. We are releasing the tremendous financial opportunity they have ahead.

 If you are a woman with a compelling business scalable to meet market needs, or a co-investor  interested in our portfolio of exceptional companies, join us.

  

Focus

  • Woman Working on Futuristic Screen
    Information Technology and Managed Services

    Business Intelligence and Analytics

    SaaS and Cloud Services

    Mobile and Digital Content

    Data Storage and Management

    Consumer Social/ eCommerce

  • Clean Technology Investments
    Clean Technology

    Materials

    Technology

    Energy Efficiency

    Green Products

  • Businesswoman Using a Smartphone
    Business Products and Services

    eCommerce

    Technology Enhancements

    Business Process Improvements

    Enterprise Software and Security

  • Technology Investments
    Technology

    Materials

    Services

    Technology based new products

    Sensors

    Internet of Things

  • Stethoscope on a Computer
    Health and Wellness

    Materials

    Diagnostics

    Analytics

    Services

  • Woman Working on Futuristic Screen
    Information Technology and Managed Services

    Business Intelligence and Analytics

    SaaS and Cloud Services

    Mobile and Digital Content

    Data Storage and Management

    Consumer Social/ eCommerce

  • Clean Technology Investments
    Clean Technology

    Materials

    Technology

    Energy Efficiency

    Green Products

  • Businesswoman Using a Smartphone
    Business Products and Services

    eCommerce

    Technology Enhancements

    Business Process Improvements

    Enterprise Software and Security

  • Technology Investments
    Technology

    Materials

    Services

    Technology based new products

    Sensors

    Internet of Things

  • Stethoscope on a Computer
    Health and Wellness

    Materials

    Diagnostics

    Analytics

    Services

Investment Criteria

The Sofia Angel Fund II is interested in companies with:

  • Excellent, experienced management team
  • Scalable business model
  • Proprietary positioning
  • Growing, large markets
  • Well-defined, demonstrable business model with proof of concept revenue
  • Future exit that can be leverage with Sofia’s network and resources

Typical investments by Sofia are from $100,000-$500,000 in $500,000-$2 million rounds of equity. We are looking for opportunities where ideally there are no more than 2-3 subsequent funding rounds and exits are within 3-5 years.   Preferred investment are in the form of preferred stock in C corporations.

Sofia Application Process:

Companies should apply directly to Sofia Angel Fund II using the application link on this site. 

Deals are reviewed regularly by the screening committee and interest will be communicated. Deals of interest will be asked to present to the Sofia Angel Fund II which will be followed by due diligence, if appropriate. Terms will be negotiated during the due diligence process. 

Team

  • Cathy Connett - Investor
    Cathy Connett
  • Lisa Crump - Investor
    Lisa Crump
  • Joy Lindsay
  • Dee Thibodeau - Investor
    Dee Thibodeau
  • Deb Bauman, Advisor
  • Brigid Bonner, Advisor
  • Jeannine Rivet, Advisor
  • Barbara Stinnett - Investor
    Barb Stinnett, Advisor
  • Cathy Connett - Investor
    Cathy Connett
  • Lisa Crump - Investor
    Lisa Crump
  • Joy Lindsay
  • Dee Thibodeau - Investor
    Dee Thibodeau
  • Deb Bauman, Advisor
  • Brigid Bonner, Advisor
  • Jeannine Rivet, Advisor
  • Barbara Stinnett - Investor
    Barb Stinnett Advisor

Investments

  • YOUR ONLINE NEIGHBORHOOD TO SHOP, SHARE AND SELL KID STYLE

    More About Kidizen

  • Let’s change the way the world looks at concussion

    More about Oculogica

  • The personalized playbook for women seeking to move their career forward.

    More About Landit

  • A clinical stage biotechnology company revolutionizing the treatment of debilitating gastrointestinal (GI) diseases by harnessing the power of the human microbiome. Rebiotix develops standarized and stabilized, regulated drug products that restore the gut microbiota.

    More about Rebiotix

  • Cognition Therapeutics Inc. is a drug discovery and development company

    More about Cognition Therapeutics

  • YOUR ONLINE NEIGHBORHOOD TO SHOP, SHARE AND SELL KID STYLE

    More About Kidizen

  • Let’s change the way the world looks at concussion

    More about Oculogica

  • The personalized playbook for women seeking to move their career forward.

    More About Landit

  • A clinical stage biotechnology company revolutionizing the treatment of debilitating gastrointestinal (GI) diseases by harnessing the power of the human microbiome. Rebiotix develops standarized and stabilized, regulated drug products that restore the gut microbiota.

    More about Rebiotix

  • Cognition Therapeutics Inc. is a drug discovery and development company

    More about Cognition Therapeutics

Resources

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Getting a Read on Brain Function

Very interesting article in the StarTribune about HCMC’s neurosurgeon Dr. Uzma Samadani and the technology she is developing to assess brain function in real time.  The technology is licensed to Oculogica, a company she co-founded, and is embodied in their device called the Eyebox.   The Sofia Fund is an investor in Oculogica.   Read the full article... read more

Center for Venture Research: The Angel Investor Market in 2015: A Buyer’s Market

According to a report just published by the Center of Venture Research summarizing the 2015 Angel Investor Market, the market in 2015 had a slight increase in investment dollars and in the deal size. Total investments in 2015 were $24.6 billion, an increase of 1.9% over 2014, according to the Center for Venture Research at the University of New Hampshire. A total of 71,110 entrepreneurial ventures received angel funding in 2015, a decline of 3.1% over 2014 investments. The number of active investors in 2015 was 304,930 individuals, a decrease of 3.7% from 2014. The change in both total dollars and the number of investments resulted in a deal size for 2015 that was larger than in 2014 (an increase in deal size of 5.1% from 2014). These data, combined with the yield rates and valuations, indicate that angels were selective in their investment behavior in 2015. The decrease in valuations over the last three years indicates a continuing market correction in valuations. However, the $24.6 billion of investments is a robust amount and is close to the market high of $26.0 billion that occurred in 2007. The full report including the % of women angels as well as women led deals can be found at 2015 Angel Investing... read more

Press Release    July 27, 2015    Sofia Angel II Fund Surpasses Investor Goals Raising $5.5 M Today marks a significant achievement in bringing new monies into early stage companies.  The Sofia Fund, which invests in women-led, growth companies and is led by a group of experienced investors, has tapped into an investor community passionate about Sofia’s mission.  Investors have responded positively, and voted with their dollars to be a part of the fund.  The Sofia Fund II is now closed to investors, oversubscribed, with a total of $5.5M.  “Angel investing is usually a long-term commitment with an opportunity to positively impact an early-stage company’s growth.  We are pleased to see the Sofia Fund launched in support of Minnesota and the region’s innovative women entrepreneurs and the growth and jobs they bring to our economy.  Having an experienced fund management team that is serving a segment we are passionate about and stimulating innovation, led us to invest in the Sofia Fund”, said Ed and Val Spencer, long time early stage investors in their community. The fund’s management team includes Cathy Connett, Lisa Crump, Joy Lindsay, Barb Stinnett, and Dee Thibodeau.  All have been angel investors for decades, and are completely committed in unique and individual ways in the early stage company market space: as board members, mentors, connectors, leaders, and investors throughout the US. Brigid Bonner, VP of Customer Experience and Marketing at CaringBridge commented, “Great ideas come from everywhere and the world has not fully benefited from innovation stemming from women-based businesses.  The Sofia Fund is a leader in changing that.  I believe this is a unique investment opportunity... read more

Apply

Companies should apply directly to Sofia Angel Fund II by clicking the button in this section.

Contact

Email Us • Phone 651.699.9614   Google+
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