Tech focused growth equity firm
Overall Rank: 35
Category: Emerging Growth
Category Rank: 9
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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 $1.7 billion in assets under management and has invested in and/or provided sub-advisory advice to more than 40 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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Volition’s Managing Partners: (Larry Cheng, Sean Cantwell, Roger Hurwitz, Andy Flaster) and Partner (Tomy Han), are all deeply experienced in venture capital and have maintained Volition’s growth strategy with all portfolio companies.
Larry Cheng, Founding Partner
Larry Cheng is a founding partner at Volition Capital and focuses on investment opportunities in transactional Internet applications, e-commerce, digital health, and next-generation consumer brands. Larry was a part of the key investment team for both Connatix and Chewy, two of Volition’s notable exits, and serves on the boards of Arteza, Burst, Dragonfly, and Recycle Track Systems to name a few.
Sean Cantwell, Managing Partner
Sean Cantwell, managing partner and member of the founding team at Volition, focuses primarily on companies in the software and tech-enabled services sectors. Sean serves on the board of several companies including Assent Compliance, Black Kite, Creatio and JazzHR, which exited in 2021.
Roger Hurwitz, Founding Partner
Roger Hurwitz is also a founding partner at Volition and prioritizes investments in the software and technology-enabled business services sectors. Roger was on the investment team for Securonix as well as LoanLogics, both of which have been exited in the past 3 years.
Andy Flaster, Managing Partner and COO
Andy Flaster is a managing partner and COO at Volition and focuses on operations, fund management, finance, and legal/compliance. Andy managed the spinout of Volition from Fidelity in 2010.
Tomy Han, Partner
Tomy Han, former analyst at Volition and current partner, has been with the firm for over 10 years, first joining in 2012. He focuses on software and internet investments in compliance, security, supply chain and vertical applications. Tomy serves on the board of directors for Assent, Creatio, BlackKite and Connatix (exited), to name a few.
|Fund V||$675 million||January 2023|
|Fund IV||$400 million||December 2019|
|Select Fund I||$200 million||December 2019|
|Fund III||$250 million||July 2016|
|Fund II||$170 million||December 2013|
Assent: Invested in 2016
Assent provides supply chain compliance solutions and services related to materials sourcing regulations. Assent serves manufacturers and their supply chains, enabling customers to automate the collection of materials-related data contained in the products they manufacture.
Black Kite: Invested in 2021
Black Kite redefined third-party risk management, building the world’s first security ratings service designed from a hacker’s perspective. The company is committed to improving the health and safety of the entire planet’s cyber ecosystem with the industry’s most accurate and comprehensive cyber intelligence.
Creatio: Invested in 2021
Creatio is a Boston-based global software company providing a low-code platform for process management and CRM. The company combines an intuitive low-code platform, best-in-class CRM and a robust BPM in a single solution to accelerate sales.
US Mobile: Invested in 2021
US Mobile is an industry-leading hybrid network operator founded under the premise of liberating American mobile users from expensive and inflexible contracts. Established in 2015, US Mobile has scaled to rapidly become a category-leading hybrid network operator known for its highly-customizable plans and transparent, service-centric experience across the entire customer lifecycle.
Securonix: Exited in 2022
Sector: Cybersecurity, IT Infrastructure
Co-Founded in 2007, by Sachin Nayyar (CEO) and Tanuj Gulati (CTO), Securonix is an Addison, TX-based vendor of UEBA (User Entity and Behavior Analytics) and SIEM (Security Information and Event Management) software. The company’s platform, dubbed “SNYPR”, utilizes a combination of machine learning-based analytics and a Hadoop-based big data platform, enabling Security Operations teams to digest log data from disparate security and business applications to identify and remediate external and internal threats.
JazzHR: Exited in 2021
Sector: HR Tech
JazzHR offers a powerful, user-friendly and affordable ATS (Applicant Tracking System) and recruiting software. JazzHR replaces manual hiring processes like using email and spreadsheets with an intuitive ATS that helps recruiters and hiring managers build a scalable recruiting process that sources more qualified candidates, faster.
Connatix: Exited in 2021
Sector: AdTech, GTM Technology
Founded in 2013, Connatix is a native video monetization and syndication platform for publishers and video content creators. The company’s platform enables publishers to easily create native video ad placements, and its syndication network connects publishers to relevant third-party content and thousands of premium advertisers, helping to maximize revenue.
Assent and Recycle Track Systems are examples of only two portfolio companies focused on improving sustainability efforts and capabilities. Volition firmly believes that all portfolio companies should prioritize corporate social responsibility and encourages them to focus their efforts on ESG and sustainability.
Furthermore, Volition Capital as a firm has been carbon-neutral since 2022. Volition partnered with Climate Partner to audit business operations and understand (and reduce) its carbon footprint. By analyzing emissions, Volition was able to offset the carbon emissions they produce as a firm by investing in projects that specialize in reducing carbon and improving environmental efforts. To put words into action, the firm has invested in Plastic Bank Worldwide, Hydro Power in DR Congo, and Wind energy in Brazil.
Qure4u Founder and CEO Monica Bolbjerg, M.D.
“Our mission at Qure4u is to enhance clinical insight and improve patient outcomes by streamlining processes through self-service digital health tools that strengthen patient/provider relationships and experience. Our relationship with Volition Capital will enable us to further scale the business so we can continue to bring vital digital health solutions to market to help providers and patients mutually thrive in the emerging healthcare landscape.”
Ahmed Khattak, founder and CEO of US Mobile
“As connectivity continues to change the world, we saw that the legacy telecom industry was ripe for change in customizability, design, and customer experience. As we look ahead to the trends of more connected devices, 5G technology, and IOT, this investment will enable us to build innovative features and meet the evolving consumer needs that will dominate the 21st century.”