Sofia Fund

Sofia Fund is a venture capital firm based in St. Paul, Minnesota, founded in 2006. It specializes in investing in startup and early-stage companies that are led by women, focusing on sectors such as information technology, business products and services, health and wellness, and clean technology. The firm conducts extensive due diligence to identify high-potential investment opportunities and typically invests between $0.1 million and $0.5 million per company over one or two funding rounds. In its portfolio, Sofia Fund emphasizes technology-based innovations, including business intelligence, SaaS, mobile and digital content, e-commerce, and energy-efficient solutions. The firm seeks to support the growth of its portfolio companies and aims for profitable exits within three to five years. Sofia Fund also has an additional office in Kansas City, Missouri.

Joy Lindsay

Partner

Past deals in Minnesota

Clinician Nexus

Seed Round in 2019
Clinician Nexus Inc. is a Minneapolis-based company that has developed an online platform for managing clinical rotations, connecting hospitals, clinics, and students. Founded in 2016, Clinician Nexus provides a transparent and user-friendly system that allows clinical sites to manage their capacities and assign students to clinical experiences. The platform also enables students to easily find and secure clinical rotations, enhancing the overall efficiency of the process. By focusing on the needs of health systems, educational institutions, and students, Clinician Nexus aims to facilitate better management of clinical experiences, ultimately supporting the development of a skilled healthcare workforce.

Abilitech Medical

Venture Round in 2019
Abilitech Medical, Inc. is a medical device company focused on developing assistive technology for individuals with neuromuscular conditions, such as Multiple Sclerosis, Muscular Dystrophy, Spinal Cord Injury, and Stroke. Founded in 2016 and headquartered in Saint Paul, Minnesota, the company manufactures the AbiliTech Assist device, which provides functional support for the elbow and shoulder, facilitating flexion and extension. This innovative device employs a combination of springs and motors, along with a proprietary algorithm, to enhance patients' ability to perform daily tasks independently. By offering its products to clinical partners, patients, and clinicians, Abilitech Medical aims to improve mobility and restore independence, enabling individuals to engage more fully in family and community activities.

Kidizen

Series A in 2017
Kidizen, Inc. operates a peer-to-peer resale marketplace that enables parents in the United States to buy and sell pre-loved clothing, gear, toys, and accessories for children. Founded in 2010 and based in Minneapolis, Minnesota, the platform allows parents, particularly mothers, to create storefronts, earn money, and connect with one another through shared experiences and styles. Kidizen offers a mobile application for iOS and Android that facilitates communication, purchasing, and selling of children's items. The marketplace is designed to be trustworthy and environmentally friendly, allowing users to easily list items without incurring listing fees, thus promoting sustainability while helping parents find the latest trends for their children. The company was previously known as Itizen, LLC before rebranding to Kidizen, Inc. in May 2014.

Kidizen

Debt Financing in 2015
Kidizen, Inc. operates a peer-to-peer resale marketplace that enables parents in the United States to buy and sell pre-loved clothing, gear, toys, and accessories for children. Founded in 2010 and based in Minneapolis, Minnesota, the platform allows parents, particularly mothers, to create storefronts, earn money, and connect with one another through shared experiences and styles. Kidizen offers a mobile application for iOS and Android that facilitates communication, purchasing, and selling of children's items. The marketplace is designed to be trustworthy and environmentally friendly, allowing users to easily list items without incurring listing fees, thus promoting sustainability while helping parents find the latest trends for their children. The company was previously known as Itizen, LLC before rebranding to Kidizen, Inc. in May 2014.

Vixar

Series B in 2012
Vixar Inc. is a manufacturer based in Plymouth, Minnesota, specializing in short wavelength vertical cavity surface emitting laser (VCSEL) and LED-based optical components and subassemblies. Founded in 2005 by Dr. Klein Johnson and Dr. Mary Hibbs-Brenner, the company focuses on providing high-performance, cost-effective VCSEL products that emit wavelengths from 660 to 1850 nm. Vixar's components are designed to enhance performance, size, and energy efficiency for applications across various industries, including biomedical, industrial, military, automotive, office products, and consumer goods. The company operates as a subsidiary of OSRAM Licht AG, continuing its mission to deliver innovative optoelectronic solutions tailored to meet the demands of modern technology.

Coolibar

Series D in 2008
Coolibar designs, manufactures, and markets sun protection products for men, women, and children. The company’s portfolio of products includes sun protective clothes, SPF clothing, sun hats, sun protection swimwear, sunglasses, umbrellas, and sunscreens. Coolibar was founded in 2001 by [John Barrow](https://www.crunchbase.com/person/john-barrow) and is based in Minneapolis, Minnesota.

Tactile Medical

Series A in 2007
Tactile Medical is a medical technology company based in Minneapolis, Minnesota, specializing in the development and provision of medical devices aimed at treating chronic diseases. The company offers several innovative products, including the Flexitouch Plus system, a pneumatic compression device designed for lymphedema treatment, and the Entré System, a portable device for at-home management of venous disorders such as chronic venous insufficiency and venous leg ulcers. Additionally, Tactile Medical produces the ACTitouch system, which is targeted at patients suffering from chronic venous insufficiency, and the Airwear Gradient Compression Wrap, marketed as Aero-Wrap, for managing venous insufficiency and related conditions. Founded in 1995, Tactile Medical is committed to advancing the standard of care for patients dealing with edema and vascular diseases.
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