# Sofia Fund

Sofia Fund is a Private Equity based in Minneapolis, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Minneapolis, United States
- **Region:** North America
- **Address:** Minneapolis St. Paul, United States
- **Founded:** 1998
- **Assets under management:** Undisclosed
- **Website:** sofiafund.com
- **LinkedIn:** https://www.linkedin.com/company/sofiafund

## Regulatory record

- **Reports private funds:** No

## About

Investing in exceptional women-led growth companies has been our business since 1998 As business owners, we understand what it takes to build a successful company. We’ve invested more than $10 million in over 50 of them.   Our FOCUS is on gender-diverse teams with disruptive, scalable business models that use technology to solve real problems.... Read more »

## Sectors

- Enterprise Software
- Digital Health
- Industrial Tech
- AI/ML
- Analytics

## People

- Cathy Connett — CEO and Managing Partner
- Lisa Crump — Managing Partner
- Joy Lindsay — Partner
- Dee Thibodeau — Partner

## Questions

### What does Sofia Fund explicitly avoid?

The firm states it does not invest in food, real estate, or consumer products. It requires companies to be US-registered C corporations, have B2B business models, and demonstrate proof-of-concept revenue. No pure pre-revenue science projects or direct-to-consumer brands appear in its portfolio.

### How does Sofia Fund’s sector focus map to its actual portfolio?

Stated sectors include information technology, enterprise solutions, advanced materials, and health and wellness technology. Exited portfolio companies confirm this mix: Gentra Systems and Rebiotix in life sciences, Vixar in optical components, Tactile Medical in medical devices, and Magnet 360 in enterprise Salesforce consulting.

### What is the typical path to exit for a Sofia Fund portfolio company?

Sofia Fund targets exits within three to five years and prefers companies requiring no more than two to three subsequent funding rounds. Its publicly listed exits are entirely via acquisition — by strategic buyers such as Qiagen, Ferring Pharmaceuticals, Osram, Ecolab, and Mindtree — with one IPO (Tactile Medical).

### How does Sofia Fund source its deals?

The managing partners leverage deep ties within the Twin Cities and broader Midwest startup ecosystem. Lisa Crump is a member of Gopher Angels, and the partners are involved in MN Cup, Twin Cities Startup Week, the Minnesota Venture Conference, and the WE* Initiative at the University of Minnesota’s Holmes Center for Entrepreneurship, creating multiple proprietary sourcing channels for women-led B2B startups in the region.

## Related profiles

- [SoFi](https://altss.com/profile/sofi)
- [Sofia Angels Ventures](https://altss.com/profile/sofia-angels-ventures)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/sofia-angel-fund

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