Sofia Fund, an angel investment firm that backs women-led startups, announced Wednesday a pair of its portfolio companies have advanced to the next stage of growth, adding returns for the Minneapolis-based firm's group of investors.
Cognition Therapeutics Inc., a Pittsburgh-based biopharmaceutical company, completed an initial public offering. Sofia Fund made three investments in Cognition (Nasdaq: CGTX) after recognizing the strength of the company's diverse leadership team and its vision to solve an unmet need in the marketplace, according to a statement.
Meanwhile, Explorer Surgical Corp. was acquired by Louisville, Colorado-based Global Healthcare Exchange (GHX). Chicago-based Explorer Surgical became part of the Sofia's portfolio in March 2021.
“Both of these companies demonstrate the demand for health and wellness technology and are examples of well-managed, high-growth businesses run by women,” said Cathy Connett, managing partner of Sofia Fund. “These are big wins for these entrepreneurs and the growing community of women investing in other women.”
