Angel team caps off record year of investing in woman-owned businesses
DECEMBER 20, 2019 (Minneapolis) — Sofia Fund, a leading angel investment firm focused on high-growth, women-led early stage companies, today announced it has invested in Clinician Nexus, which offers a proprietary technology platform that connects students with clinical rotations in health care environments, as part of its $1.5 million recent round of seed funding.
Clinician Nexus was co-founded by Katrina Anderson and is based in Minneapolis. Its platform provides a smart, transparent way for health systems, schools and students to connect directly with one another. The Clinician Nexus platform enables hospitals to post their clinical rotation schedules so that students studying to become health care professionals (such as doctors, nurses and physician assistants) can more easily apply for and schedule training. To date, the company’s platform has been adopted by 100 hospitals and 150 schools across the U.S., orchestrating more than 10,000 student rotations.
“We invest in women entrepreneurs with disruptive technology that solves large, untapped market needs,” said Cathy Connett, CEO and managing partner of Sofia Fund. “We have known Katrina for several years and closely watched as the company grew and demonstrated traction, before we decided to invest. We believe Clinician Nexus has great growth potential ahead.”
The investment makes 2019 a record year for Sofia Fund transactions. In the last 30 days of the year, the Fund has also invested in Abilitech, winner of both the Minnesota Cup and TEKNE MedTech awards; Knowledge To Practice (K2P), that has a technology-driven, personalized health care education platform; and a Seattle-based tech company soon to be announced. Follow-on investments in 2019 were also made in Sofia Fund portfolio companies Oculogica, a concussion diagnostics company; Joylux, a pelvic floor wellness company; Kenzen, which has a wearable device that tracks body heat; Kidizen, an online resale marketplace for kids’ clothes; and Landit, a professional development technology platform for women.
“It has been a busy year for us. This is a reflection of companies we have been following being able to demonstrate their value proposition in the marketplace and a continued increase in the number and quality of deals we are seeing from women leaders,” added Connett.
About Sofia Fund
Sofia Fund invests in and grows exceptional women-led companies to maximize returns for investors by bringing its portfolio companies successfully to profitable exits. Sofia Fund uses a rigorous process for selecting and investing in high-growth, technology-driven opportunities. Its team of professional women angel investors actively manages and supports its portfolio businesses, leveraging deep expertise and broad networks to help women entrepreneurs achieve success. Its investment team has invested more than $13 million in 60 companies to date. For more information about Sofia Fund, visit www.sofiafund.com.