Investing in Exceptional, Women-Led Growth Businesses

Sofia Angel Fund II understands the exceptional innovation and value that women entrepreneurs bring to technology ventures. The Sofia leadership team members have been successful angel investors for more than 20 years and recognize that opportunities are being overlooked in women-led companies operating in technology-based business categories.

The Fund seeks early stage, growth oriented, gender diverse entrepreneurial companies that have women leaders on the management team and who own equity in the business. Companies in the information technology, business products and services, health and wellness, clean technology or other technology areas that have demonstrated a value proposition with their business model and are looking for capital are of interest.

The Sofia Angel Fund II model is based on investing $100,000 to $500,000 per company in 1-2 rounds with the expectation of being the deal lead and of using Sofia resources, networks, and experience to leverage growth and create successful, profitable liquidity events for the company. Ideally, exits will occur in a 3-5 year time frame.

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Our 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
  • Barriers to Entry
  • 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. 

Our Team

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

Our Investments

  • THE PARENT MARKETPLACE to SHARE AND SELL the THINGS YOU LOVE.

     

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    Coolibar Website

Resources

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MNCup

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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