Volition Capital Secures $675M for Fifth and Largest Fund

Boston, MA-based growth equity investment firm Volition Capital closed its fifth and largest fund to date – Volition Capital Fund V, L.P. – at over $675mn, exceeding its target of $650mn announced in November.

Led by managing partners Larry Cheng and Sean Cantwell, Volition Capital is a growth equity firm that principally invests in high-growth, founder-owned companies across the software, Internet, and consumer sectors. The latest raise brings the firm’s total assets under management to over $1.7 billion.

“There’s nothing more fulfilling in this business than helping make a founder’s dream come true,” said Cheng. “With Fund V, we’ll have even more opportunity to provide founders with access to the network and support system needed to achieve their goals.”

Volition Capital’s notable investments include Assent Compliance, Black Kite, Creatio, Doing Things, Tracelink and US Mobile. Several notable exits include Chewy, Connatix, JazzHR, GlobalTranz and Securonix, among others.