Volition Capital LLC
SEC exempt reporting adviser (venture capital exemption).
- HQ
- MA
Volition Capital LLC has a team led by managing partners Sean Cantwell, Larry Cheng, and Roger Hurwitz. Its portfolio spans Connected TV advertising (Keynes), school bus technology (BusRight), smart home tech (ButterflyMX), low-code software (Creatio), digital asset businesses (Rounds), mobile networks (US Mobile), enterprise data (Tamr), affiliate marketing (Levanta), product decisions (VibeIQ), HR integration (Kombo), and cybersecurity ratings (Black Kite).
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Not stated | Not enough dated deals | Growth, Series A, Series B |
| Sectors | Not stated | Not enough dated deals | Enterprise SaaS, Cybersecurity, Fintech, Data analytics, Logistics, Devtools, Ecommerce, Media |
| Regions | Not stated | Not enough dated deals | CA, MA, PA |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2007 | 1 | Cybersecurity, Devtools |
| 2008 | 1 | Fintech, Insurtech |
| 2009 | 1 | Cybersecurity, Devtools |
| 2010 | 4 | Fintech, Construction and proptech, Ecommerce |
| 2011 | 3 | Cybersecurity, Devtools, Fintech |
| 2012 | 3 | Enterprise SaaS, Cybersecurity, Data analytics |
| 2013 | 2 | Consumer, Data analytics, Ecommerce |
| 2014 | 3 | Cybersecurity, Devtools, Enterprise SaaS |
| 2015 | 4 | Enterprise SaaS, Biotech, Cybersecurity |
| 2016 | 4 | Enterprise SaaS, Logistics, Biotech |
| 2017 | 6 | Enterprise SaaS, Media, Climate hardware |
| 2018 | 4 | Enterprise SaaS, Biotech, Data analytics |
| 2019 | 4 | Ecommerce, Healthtech, Media |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2010 | 0 | 0 | 0 | 0 | 2 |
| 2011 | 0 | 0 | 1 | 0 | 2 |
| 2012 | 0 | 0 | 1 | 2 | 0 |
| 2013 | 0 | 0 | 2 | 0 | 0 |
| 2014 | 0 | 0 | 0 | 0 | 3 |
| 2015 | 0 | 0 | 1 | 1 | 1 |
| 2016 | 0 | 0 | 1 | 1 | 1 |
| 2017 | 0 | 0 | 4 | 1 | 1 |
| 2018 | 0 | 0 | 0 | 2 | 1 |
| 2019 | 0 | 0 | 2 | 0 | 0 |
| 2020 | 0 | 0 | 0 | 0 | 0 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Volition Capital Fund VI, L.P. Volition Capital is a Boston growth equity firm that invests in a small number of founder-owned, capital-efficient software, B2B and omnichannel consumer businesses with solid revenue bases and meaningful founder ownership. Inferred from the firm's website | approx. 2026 | $875M (Form D) | Raising |
| Volition Capital Fund V, L.P. Volition Capital is a Boston growth equity firm that invests in a small number of founder-owned, capital-efficient software, B2B and omnichannel consumer businesses with solid revenue bases and meaningful founder ownership. Inferred from the firm's website | approx. 2022 | $650M to $683.42M (Form D and SEC adviser filing) | Open, writing first checks |
03 · People across funds
- Andrew Flaster, Managing Member of the General Partner
Volition Capital Fund V, L.P. (Named on Form D)
- Lawrence Cheng, Managing Member of the General Partner
Volition Capital Fund VI, L.P. (Named on Form D); Volition Capital Fund V, L.P. (Named on Form D)
- Roger Hurwitz, Managing Partner
Volition Capital Fund VI, L.P. (Named on Form D); Volition Capital Fund V, L.P. (Named on Form D)
- Sean Cantwell, Managing Partner
Volition Capital Fund VI, L.P. (Named on Form D); Volition Capital Fund V, L.P. (Named on Form D)
- Carolyn Woll, Associate
Volition Capital Fund VI, L.P. (Team); Volition Capital Fund V, L.P. (Team)
- Emily Pawlak, Vice President
Volition Capital Fund VI, L.P. (Team); Volition Capital Fund V, L.P. (Team)
- Jim Ferry, Partner
Volition Capital Fund VI, L.P. (Team); Volition Capital Fund V, L.P. (Team)
- Kyle Howard-Johnson, Principal
Volition Capital Fund VI, L.P. (Team); Volition Capital Fund V, L.P. (Team)
- Larry Cheng, Managing Partner
Volition Capital Fund VI, L.P. (Team); Volition Capital Fund V, L.P. (Team)
- Melanie Nabar, Principal
Volition Capital Fund VI, L.P. (Team); Volition Capital Fund V, L.P. (Team)
- Michael Brannan, Sr. Associate
Volition Capital Fund VI, L.P. (Team); Volition Capital Fund V, L.P. (Team)
- Pete Lamson, COO & Head of Portfolio Operations
Volition Capital Fund VI, L.P. (Team); Volition Capital Fund V, L.P. (Team)
- Sinjon Goldberg, Sr. Associate
Volition Capital Fund VI, L.P. (Team); Volition Capital Fund V, L.P. (Team)
- Tiger Henderson, Vice President
Volition Capital Fund VI, L.P. (Team); Volition Capital Fund V, L.P. (Team)
- Tomy Han, Partner
Volition Capital Fund VI, L.P. (Team); Volition Capital Fund V, L.P. (Team)
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- https://www.volitioncapital.com
- https://www.volitioncapital.com/news/keynes-secures-40-million-minority-investment-from-volition-capital-to-accelerate-growth-in-connected-tv/
- https://www.volitioncapital.com/team/
- https://www.volitioncapital.com/portfolio/
- https://www.volitioncapital.com/our-approach/
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026