Form D · Venture Capital Fund

Sofinnova Venture Partners XI, L.P.

Menlo Park, CA · CIK 0001882303

Offering snapshot reported Sep 11, 2023 · SEC filing

Reported sold: $500M
Investors reported: 50
Minimum accepted: $0
First sale: Sep 10, 2021

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$485,729,591 → $500,000,000
Reported investors44 → 50

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Sep 11, 2023	Amendment	$500,000,000	$14,270,409vs Feb 22, 2022	50	SEC filing
Feb 22, 2022	Amendment	$485,729,591	No comparison	44	SEC filing
Sep 10, 2021	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $2.87M (estimated)
Finders' fees: $0
Form D file number: 021-412971

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Citi Private Advisory, LLC	153777
Citigroup Global Markets Inc.	7059
Citibank, N.A.	None

Source: Form D, filed Sep 11, 2023. Minimum accepted may differ from a standard advertised minimum.

Fund connections

Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.

Matched by reported Form D file number

SOFINNOVA VENTURE PARTNERS XI, L.P.

Investment adviser: SOFINNOVA INVESTMENTS, INC.

Gross asset value: $309M
Beneficial owners: 52
ADV minimum commitment: $500K

Reported in Form ADV on Mar 27, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator JPMORGAN HEDGEFUND SERVICES, A DIVISION OF JPMORGAN CHASE BANK NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor BDO USA, LLP SAN FRANCISCO, California, United States Other funds reporting this name →

Custodian COMPUTERSHARE TRUST COMPANY, N.A. PROVIDENCE, Rhode Island, United States Related to adviser: No Other funds reporting this name →

Custodian EQUINITI TRUST COMPANY, LLC NEWARK, New Jersey, United States Related to adviser: No Other funds reporting this name →

Custodian J.P. MORGAN CHASE BANK, N.A. COLUMBUS, Ohio, United States Related to adviser: No Other funds reporting this name →

Custodian J.P. MORGAN SECURITIES LLC BOSTON, Massachusetts, United States Related to adviser: No Other funds reporting this name →

See filing for more → Showing the first 6 providers by role and name. IAPD may show a newer filing.

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

BDO USA, LLP
PCAOB 243

EQUINITI TRUST COMPANY, LLC
LEI 213800YI5RL9BRL4V892

Fund asset history · 5 annual observations

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Fiscal year	Gross assets	Beneficial owners	ADV filed
2021	$408,622,449	38	Mar 30, 2022
2022	$477,341,340	47	Mar 29, 2023
2023	$236,179,635	51	Mar 15, 2024
2024	$218,587,694	52	Mar 20, 2025
2025	$308,679,359	52	Mar 27, 2026

Filing source

Form ADV 2075659 · Mar 27, 2026 · Schedule D 7.B.(1), fund 805-2545304640

Reported by SOFINNOVA INVESTMENTS, INC. (CRD 160297).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Sarah Bhagat	Executive
James I Healy	Executive
Maha Katabi	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

3000 Sand Hill Road, 4 250
Menlo Park, CA, 94025
Phone: 650-681-8420