Volition Capital Announces Closing of $250 Million Volition Capital Fund III, L.P.
Reaffirms Commitment To Being The Premier Small Cap Technology Growth Equity Fund
July 26, 2016 – BOSTON, MA – Volition Capital, a leading technology growth equity firm, announces the closing of Volition Capital Fund III, L.P. with $250 million in capital commitments. With this fund, Volition continues its focus on investing in high growth, principally bootstrapped, technology companies with aspirations for greatness.
“Our goal is to be the top-performing small-cap technology growth equity fund in North America,” said Roger Hurwitz, Managing Partner. “We have complete clarity and focus on a specific type of investment opportunity and this fund enables us to continue to perfect our execution on that proven strategy.”
Volition Capital focuses on investing in software/SaaS, enterprise and consumer Internet applications, technology-enabled services, and mobile companies with the following characteristics:
- Solid Revenue Base: $5M – $25M+ Run-Rate
- High Growth: 25%-100%+ Revenue Growth
- Meaningful Founder Ownership: 20%+
- Capital Efficient: Near Breakeven to Profitable
- Aspirations for Greatness
“We were fortunate to be significantly oversubscribed for this fund and were in position to welcome a select group of premier LPs across the endowment, foundation, hospital, and fund-of-funds communities,” said Larry Cheng, Managing Partner. “We are especially proud to have 100% of our institutional investors in prior funds return for Fund III which also enabled us to have a single close at our hard cap of $250 million.”
The new fund will be Volition’s largest fund in its history and will continue to be focused on making a select group of new investments each year with $5 million to $40 million invested per company. Volition’s investment is used by its portfolio companies for growth capital, acquisition capital and shareholder liquidity. Volition will continue its history of active Board involvement across its portfolio companies with meaningful minority ownership positions.
“We are privileged to partner with founders and management teams who are creating disruptive businesses with exceptional growth from strong customer demand. Our success as a firm would not be possible without the extraordinary efforts of these entrepreneurs and their passion to build market-leading companies,” said Sean Cantwell, Managing Partner.
About Volition Capital
Volition Capital is a technology growth equity fund based in Boston, MA. Volition specializes in investing in high growth, principally bootstrapped technology companies across several sectors including software/SaaS, enterprise and consumer Internet applications, technology-enabled services, and mobile companies. The firm has managed over 20 portfolio companies with over $500 million in assets under management. For more information, go to http://www.volitioncapital.com.