Description
Sofia Fund is a U.S. venture capital angel investment fund headquartered in St. Paul, Minnesota, USA, with a specialized mission of investing in high-growth, women-led companies that have scalable business models and technology-enabled products or services. It combines hands-on support and strategic guidance with capital to help portfolio companies scale toward exits.
Seed / Early Stage: Sofia Fund targets early-stage financings where institutional capital can meaningfully accelerate growth.
Follow-On: The fund may participate in follow-on rounds as portfolio companies mature.
Typical Investment Size: Sofia Fund usually invests $100 K – $500 K per company, often within $500 K – $2 M total equity rounds for seed/early stage deals.
Equity Taken:
• Sofia Fund does not publicly disclose a fixed percentage of equity it always takes — instead, equity is negotiated deal-by-deal based on valuation, round size, and investor mix.
• Based on typical early-stage institutional/angel investor behavior at these check sizes, founders should expect investors like Sofia Fund to take a meaningful minority equity share — commonly ~5%–15% for a lead or major participating investor in a seed round, though the exact ownership depends on valuation and total capital raised.
• Total dilution across all investors in an early angel/seed round typically lands in the ~10%–25% range of company equity, with Sofia Fund’s portion proportional to its commitment relative to other investors.
Equity Structure: Preferred equity in a C-corporation is preferred and standard for the fund’s investments, with governance rights negotiated per deal.
Submission Method: Startups can reach out directly via Sofia Fund’s contact channels (website contact form/email) to share a pitch deck and initiate discussions; warm introductions from ecosystem partners can also help spark engagement.
Eligibility
Sector Focus: Technology-enabled companies including IT, enterprise solutions, health & wellness tech, clean tech, and related B2B growth models.
Geography: United States and Canada companies are eligible.
Stage: Seed and early institutional stages with traction or early revenues.
Team: Strong women-led leadership with scalable business models.
Process
Initial Intake: Evaluation of pitch materials for team strength, market opportunity, and technology fit.
Partner Review: Discussion among fund partners and early diligence.
Due Diligence: More detailed analysis of product, market, and business model.
Term Negotiation: Valuation, equity, governance rights, and protective provisions are agreed with founders — negotiated on a per-deal basis.
What an Applicant can Obtain
Strategic Capital: Seed/early stage funding from an experienced angel/venture team.
Network & Mentorship: Active partnership with seasoned investors who bring operating and board experience.
Follow-On Support: Participation in later rounds and introductions to co-investors.