Minneapolis, MN, February 28, 2019 — Sofia Fund, a leading angel investment group focused on high-growth, women-led companies, today announced its most recent investment in Landit, a technology platform that increases the success and engagement of women and diverse groups in the workplace. Each Landit member receives a tailored playbook that provides the tools, resources, know-how, and human connections they need to advance and navigate their career. Key features include brand-building, coaching, creating a personal advisory board, curated skill development and mapping to career opportunities. Companies purchase a per seat license for their diverse talent.
The Sofia Fund participated in the $13 million raise. Landit has been a Sofia Fund portfolio company since the funds first investment in the company in 2017. The funds will be used to scale the company’s offerings.
“Landit has a diverse team of women leaders with a disruptive, scalable business model that uses technology to solve real problems. This is exactly the type of business we invest in,” said Sofia Fund CEO and partner Cathy Connett. “As companies look to increasingly engage their workforce and attract and retain diverse leaders, and women develop intentional next steps to grow their careers, we believe the market is significant for Landit.”
“The future of work is about unlocking the potential of each individual by investing in their personal success and surrounding them with the resources they need to move forward.” said Lisa Skeete Tatum, founder and CEO of Landit. “Sofia’s Fund’s support is particularly meaningful, as we share a common goal of empowering diverse leaders to grow and be successful.”
About Landit
Landit is a technology platform that increases the success of women and diverse groups in the workplace. The market leader in personalized career pathing, Landit creates a turnkey “one size fits one” solution that enables companies to effectively develop and retain high-potential diverse talent. Each member receives a personalized playbook that empowers with the tools and human connections needed to successfully navigate their career. www.landit.com
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 $10 million in 50 companies to date. For more information about what angel investors provide to startups see Sofia Fund’s recent blog. For more information about Sofia Fund, visit www.sofiafund.com.