Volition Capital is a Boston-based growth equity firm founded in 2010, investing in capital-efficient, largely bootstrapped software, internet, and consumer companies. The firm manages $2.6 billion in assets across six funds and has backed more than 70 active portfolio companies.
Volition Capital backs founder-owned, capital-efficient businesses that have already built meaningful revenue and customer traction, often without raising institutional capital.
The firm's core verticals include creator economy, ad tech, compliance, security, fintech, and horizontal and vertical software, and Fund VI extends the thesis into AI application startups and physical and consumer AI, including wearables.
Target companies typically generate $5M-$50M in annual revenue with 25-100%+ growth.
Volition Capital closed Fund VI, its sixth and largest fund to date, at $950M, bringing the firm's total assets under management to $2.6 billion.
The fund was raised in spring and summer 2026 amid LP concerns about AI's disruptive effect on software companies.
Volition typically writes checks of $25M-$50M and takes board seats in its portfolio companies.
Leadership
Investment Strategy
Typical check size of $25M-$50M with board seat participation, targeting companies with $5M-$50M in annual revenue and 25-100%+ growth, built primarily on customer revenue rather than outside capital.
Notable Investments
Larry Cheng — Co-Founder & Managing Partner
larry@volitioncapital.com
Sean Cantwell — Managing Partner & Co-Founder
sean@volitioncapital.com
Roger Hurwitz — Managing Partner & Founding Partner
roger@volitioncapital.com
Tomy Han — Partner
than@volitioncapital.com
Jim Ferry — Partner
jim@volitioncapital.com
United States
