Volition Capital Announces Closing of $600 Million in Two Funds
Volition Capital now exceeds $1.1 billion in assets under management and will maintain its core focus on high-growth, capital-efficient technology and consumer companies.
Volition Capital, a leading technology and consumer growth equity firm, today announced the closings of Volition Capital Fund IV, L.P. with $400 million in capital commitments and its inaugural Volition Capital Select Fund I, L.P. with $200 million in capital commitments. With the additional $600 million in commitments, Volition Capital now has $1.1 billion in total assets under management at its 10-year anniversary as a firm.
With the launch of Fund IV, Volition will maintain its core investment focus in high growth, principally bootstrapped companies with $5 million – $50+ million in revenue in the software, Internet, and consumer sectors. Select Fund I is a new vehicle with the primary focus of supporting Volition’s most promising portfolio companies that warrant larger capital investment. Together, the Funds enable Volition to continue its leadership position in the small-cap growth equity asset class.
“Over the past 10 years, Volition has been singularly focused on high-growth, founder-owned businesses that have true breakout potential,” said Larry Cheng, Managing Partner. “We believe that our total commitment to this focus has been key to our success, and we look forward to continuing that focus with Fund IV and Select Fund I.”
Fund IV will be Volition’s largest fund in the firm’s 10-year history, with limited partners across the endowment, foundation, hospital, fund-of-fund, pension, and family office communities. Volition will continue its philosophy of investing in a select few companies each year that have tremendous upside potential coupled with proven business models and a history of capital efficiency. Volition will also maintain its focus of investing $10 million to $50+ million per company while being an active partner and Board member to its portfolio companies.
“At Volition, our mission is to make a meaningful impact on our founders, employees, and our limited partners,” said Roger Hurwitz, Managing Partner. “We are very honored to have the support of a number of premier limited partners whose missions we are aligned with and are likewise privileged to support.”
Volition’s portfolio spans software, Internet, and consumer sectors with current investments including Arteza, Assent Compliance, Burst Oral Care, Connatix, GRAX, LoanLogics, Recycle Track Systems, Securonix, and Tracelink, and has produced notable exits including Chewy, GlobalTranz, Insite Software, iPipeline, Velocify, and VisualIQ. For a full summary of portfolio companies visit: https://www.volitioncapital.com/portfolio/.
“While we are deeply committed to our core investment focus, we are also equally committed to innovating in how we execute against that focus,” said Sean Cantwell, Managing Partner. “We look forward to launching a series of new initiatives aimed at both identifying the most promising companies in our core sectors more effectively, as well as supporting the needs of our founders and portfolio companies over the course of their growth journey.”
About Volition Capital
Volition Capital is a Boston-based growth equity firm that principally invests in high-growth, founder-owned companies across the software, Internet, and consumer sectors. Founded in 2010, Volition has over $1.1 billion in assets under management and has invested in over 30 companies in the United States and Canada. The firm selectively partners with founders to help them achieve their fullest aspirations for their businesses.
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