About Sofia Fund
Sofia Fund is a venture capital firm founded in 1998. It is primarily based out of Minneapolis, United States. As of Oct 2021, Sofia Fund has invested in 23 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Life Sciences to Retail and High Tech. Most recently it participated in the $***** Series A round of Tilt Overall, Sofia Fund portfolio has seen 2 IPOs and 8 acquisitions including key companies like Tactile Medical, Cognition Therapeutics and Clinician Nexus. A lot of funds co-invest with Sofia Fund, with names like Kimberly-Clark Corp. sharing a substantial percentage of its portfolio. Sofia Fund has team of 4 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A & Seed
Portfolio IPOs
Portfolio Acquisitions
Sofia Fund's List of Top Investments
Sofia Fund has a portfolio of 23 companies. Their most notable investments are in AbiliTech Medical and Joylux.Their portfolio spans across United States and United Arab Emirates. They have invested in Life Sciences, Retail, High Tech and 11 other sectors, across stages such as Series A, Seed stages. Here is the list of top investments by Sofia Fund:Provider of lymphedema and venous ulcer treatment therapy and pumps. It has products for treating lymphedema (pumps) and chronic venous leg ulcers due to venous leg insufficiency in the home. Flexitouch System that's designed to mimic manual lymphatic drainage therapy. It also markets the ACTitouch System to treat chronic venous insufficiency.
Key facts about Tactile Medical
- Founded Year: 1995
- Location: Minneapolis (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $23.2M
- Employee Count: 1,080 as on May 31, 2026
- Investors: Sofia Fund, Galen Partners and 1 Other
- Latest Funding Round: Series B, Oct 16, 2012, $*****
- Highlight: Public
2. Joylux
Internet first brand offering multi-category beauty products. The company offers intimate health devices, serum, gel, wipes, travel bags, skin rejuvenate lamps, etc. The company offers an intimate care device that includes low-level light, gentle heat, and sonic technology that enhances blood flow.
Key facts about Joylux
- Founded Year: 2014
- Location: Seattle (United States)
- Stage: Series A
- Total Funding till date: $33M
- Employee Count: 20 as on May 31, 2026
- Investors: J-Ventures, Sofia Fund and 21 Others
- Latest Funding Round: Series A, Sep 16, 2024, $*****
- Highlight: Editors' Pick
Developer of small molecule drugs for neurodegenerative diseases. The company uses a proprietary screening technique to identify molecules capable of blocking toxic oligomeric proteins that cause the disease. It develops a pipeline for Alzheimer's, dementia, and Synucleinopathies.
Key facts about Cognition Therapeutics
- Founded Year: 2007
- Location: Pittsburgh (United States)
- Stage: Public
- Total Funding till date: $36.1M
- Employee Count: 31 as on May 31, 2026
- Investors: iNetworks, Bios Partners and 28 Others
- Latest Funding Round: Grant (prize money), Sep 27, 2022, $*****
- Highlight: Public
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Clinical Nexus is a platform for clinical education management. The platform provides the onboarding and management process, helping doctors focus on providing the rotation experience. It automates clinic administration including aggregating and organizing all data and documents. It also provides a platform for students.
Key facts about Clinician Nexus
- Founded Year: 2016
- Location: Minneapolis (United States)
- Stage: Acquired
- Total Funding till date: $1.6M
- Employee Count: 78 as on May 31, 2026
- Investors: Sofia Fund, Hyde Park Venture Partners and 2 Others
- Latest Funding Round: Seed, Dec 18, 2019, $*****
- Highlight: Acquired
5. Kidizen
Kidizen (earlier Itizen) is a mobile app based peer-to-peer kidstuff marketplace for parents to buy and sell slightly used products. The iOS app was launched in Feb, 2014. Sellers can get their own store on the app and ship items directly to buyers by themselves. Kidizen provides payment processing through PayPal. Customers can browse through categories and buy in the app.
Key facts about Kidizen
- Founded Year: 2010
- Location: Minneapolis (United States)
- Stage: Series A
- Total Funding till date: $6.69M
- Employee Count: 12 as on May 31, 2026
- Investors: Alpaca, MergeLane and 11 Others
- Latest Funding Round: Series A, Mar 10, 2017, $*****
- Highlight: Editors' Pick
Sofia Fund's Year-on-Year Investment Trends
Sofia Fund has invested in 23 companies over the last 11 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in ExplORer Surgical and most recent follow-on round was in Tilt.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 1 | 1 | 2 |
2020 | 1 | 0 | 1 |
2019 | 4 | 0 | 4 |
2018 | 1 | 0 | 1 |
2017 | 0 | 1 | 1 |
Sofia Fund's Investments by Stage
Sofia Fund has made 6 investments in Series A stage with an average round size of $7.48M and 3 investments in Seed stage with an average round size of $900K.Stage of entry | No. of Investments |
|---|---|
Series A | 6 |
Seed | 3 |
Note: We have considered here, only first round of investments
Sofia Fund's Investments by Sector
Sofia Fund has a diverse portfolio, with companies operating in the HealthTech, Enterprise Applications, High Tech, Retail and Consumer. Notably, it has invested in 16 Enterprise (B2B) companies, 16 Tech companies, 7 Tech hardware companies and at least 5 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
HealthTech | 5 |
Enterprise Applications | 4 |
High Tech | 3 |
Retail | 3 |
Consumer | 2 |
Others | 9 |
Note: We have considered here, only first round of investments
Sofia Fund's Investments by Geography
Sofia Fund has made most investments in United States (9).Sofia Fund's recent investments
Sofia Fund has not made any investment in 2026 so far.Here are the most recent investments by Sofia Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 09, 2021 | United States | Series A | 8129 | [+4] | |
Apr 09, 2021 | United States | Series A | 2141 | ||
Nov 12, 2020 | United States | Seed | 7473 | - | |
Dec 18, 2019 | United States | Seed | 3798 | ||
Dec 03, 2019 | United States | Series A | 1273 | [+2] |
IPOs and Publicly Listed companies in Sofia Fund's Portfolio
2 of Sofia Fund's portfolio companies have become public. Cognition Therapeutics got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Oct 2021 at marketcap of $256M and Tactile Medical got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $166M.Here are Sofia Fund's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 08, 2021 | - | - | 2379 | |
Jul 28, 2016 | - | - | 5821 |
Acquired companies in Sofia Fund's Portfolio
8 companies from Sofia Fund's portfolio have been acquired. The most recent acquisition was Clinician Nexus in Jun 2022 by SullivanCotter for $*****.Here are Sofia Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 08, 2022 | Dec 18, 2019 | Seed | 4698 | |
Oct 13, 2021 | Apr 09, 2021 | Series A | 6621 | |
Oct 16, 2018 | - | - | 4594 | |
May 03, 2018 | - | - | 6621 | |
Apr 05, 2018 | - | - | 6333 |
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Team profile of Sofia Fund
Sofia Fund has a team of 4 members including 3 Partners located in United States. Sofia Fund's team does not sit on the board of any company as of now.Here is a list of all team members in Sofia Fund:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Wayzata | - | ||
Partner | Minneapolis | - | ||
Partner | Menlo Park | - |
Co-investors of Sofia Fund
Over the past 11 years, 66 investors have co-invested in Sofia Fund's portfolio companies. This includes funds and angels.
- Invested before Sofia Fund: Houston Angel Network, Bellecapital and 25 others have invested in rounds before Sofia Fund. There is 1 company where Houston Angel Network has invested before Sofia Fund and 1 company where Bellecapital has invested before Sofia Fund.
- Top Co-investors of Sofia Fund: 21 investors entered a company along with Sofia Fund. These include investors like Kimberly-Clark Corp. (1 company).
- Invested after Sofia Fund: A total of 18 investors have invested in Sofia Fund's portfolio after their investments. Top Investors include Origin Ventures (2 companies), Next Act Fund (1 company) and J-Ventures (1 company).
Recent News related to Sofia Fund
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Bethesda-based Knowledge to Practice Raises $3.7 Million to Expand its Medical Education OfferingsEdTechReview•Jan 16, 2020•Knowledge to Practice, Pearson, Avestria Ventures, Sofia Fund and 2 others
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Platform that links students to clinical rotations lands $1.5M in seed fundingMobiHealthNews•Dec 30, 2019•Clinician Nexus, Hyde Park Venture Partners, Great North Labs, Sofia Fund and 1 other
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Med-Tech Startup Clinician Nexus Raises $1.5M Seed RoundAmerican Inno•Dec 18, 2019•Clinician Nexus, Hyde Park Venture Partners, Sofia Fund, Great North Labs and 2 others
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NEA Joins $13M Series A for LanditCitybizlist•Feb 26, 2019•Landit, WeWork, Valo Ventures, New Enterprise Associates and 12 others
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Minnesota’s Sofia Fund Backs SF Women-Led Tech Startup KenzenTECHdotMN•Sep 06, 2018•Kenzen, Sofia Fund
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Kidizen raises $3.2M for a kids’ clothes resale app with a social twistTechCrunch+•Mar 09, 2017•Kidizen, Origin Ventures, Royal Street Ventures, Corigin Ventures and 4 others
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TECHdotMN Minneapolis Startup Kidizen Raises $350k - TECHdotMNTECHdotMN•Apr 09, 2015•Kidizen, Sofia Fund
