Profile

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.

www.volitioncapital.com

Awards

2023 Top Growth Equity Firms

2023 Top 40 Under 40 Growth Investors, Jim Ferry

2023 Top Software Investors, Sean Cantwell

2023 Top Women Leaders in Growth Investing, Claude de Jocas

2023 Best Growth Investment Firms

2022 Top 40 Under 40 Growth Investors, Dave Gordon

2022 Top Women Leaders in Growth Investing, Claude De Jocas

2022 Best Growth Investment Firms

2021 Top 40 Under 40 Growth Investors, Tomy Han

2020 Top 25 Growth Equity Firms

2020 Top 40 Under 40 Growth Investors, Tomy Han, Dave Gordon

2016 Top 40 Under 40 Growth Investors, Sean Cantwell

2015 Top 40 Under 40 Growth Investors, Sean Cantwell

Key People

Volition’s Managing Partners, Larry Cheng, Sean Cantwell, and Roger Hurwitz along with firm Partners Tomy Han and Jim Ferry, 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, Grove Collaborative and Mosaic 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.

Jim Ferry, Partner

Jim Ferry, former analyst and principal at Volition and current partner, joined the firm in 2014. He focuses on internet and consumer investments, specifically consolidation platforms, the movement of physical things, ad tech, marketplaces and other internet transactional businesses. Jim currently serves on the board of Doing Things, Dragonfly and Rounds.

Funds Raised

Key Investments

Digital Onboarding: Invested in 2024
Sector: SaaS

The Digital Onboarding engagement platform helps banks and credit unions turn account openers into deep and profitable relationships. Digital Onboarding helps financial institutions strengthen relationships with customers and improve financial institutions’ communications capabilities.

HAAS Alert: Invested in 2024
Sector: Connectivity, Data, Analytics & Automation

HAAS Alert provides a digital alerting solution for fire, police, EMS, and tow fleets to effectively alert civilian drivers of emergencies in advance of lights and sirens to help increase road safety. In order to facilitate real-time alerting, its software connects into the fleet’s existing telematics hardware on their vehicle or offers its own device that collects and broadcasts accurate, location-based alerts either directly into car dashboards or through navigation apps.

Aditude: Invested in 2023
Sector: Adtech, Data, Analytics & Automation

Aditude is a next-generation ad monetization solution for online publishers, helping them scale with proprietary technology that enhances site performance and maximizes ad revenue. Aditude empowers publishers by not only providing cutting-edge technology but through providing solutions that are complemented by a variety of services and support that extend to both ad operations and development.

Mozaic: Invested in 2023
Sector: Data, Analytics and Automation

Mozaic is a global payments platform making multi-party payouts seamless and automated for the creator economy and beyond. Moziac’s proprietary tech architecture ingests sales reports/invoices, calculates each party’s owed amount, and pushes payments directly to bank accounts instantly eliminating the need for manual calculations, excel trackers, and third party payment platforms.

Zenarate: Invested in 2023
Sector: GTM Technology

Zenarate is a conversation simulation training SaaS solution for call centers. Its lynchpin offering AI Coach serves as a virtual role-play partner for agents to rehearse “stories” – i.e., templates for how to optimally handle types of common queries – and receive feedback based on their performance relative to the client’s best-practice criteria.

Assent: Invested in 2016
Sector: SaaS

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
Sector: Cybersecurity

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
Sector: SaaS

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
Sector: Connectivity

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.

Capital Responsibility

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.

CEO Reviews

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.”