Investor Profile: Volition Capital — Thesis, Cheque Size & How to Apply

Volition Capital funding is for founders who built their company the old-fashioned way — on customers and revenue, not outside capital. If you are wondering how to get funding from Volition Capital, the Boston growth equity firm, founded in 2010, has just closed its largest fund yet: Volition Capital Fund VI at its $950 million hard cap, taking total assets under management above $2.6 billion.

Volition Capital funding: thesis and sectors

Volition Capital invests in founder-owned, capital-efficient technology companies that have demonstrated strong customer demand and achieved meaningful growth with limited institutional capital. Its sectors are business-to-business software, internet and consumer companies, with artificial intelligence applications and physical or consumer artificial intelligence — such as wearables — added in the newest fund. The firm's explicit thesis targets founders who built their businesses on customers and revenue rather than venture-subsidised growth. Founders keep ownership and control, while Volition Capital takes a board seat and provides support, resources and guidance throughout the partnership.

Fund size and cheque size

Volition Capital Fund VI closed at its $950 million hard cap in September 2026, oversubscribed by existing and new limited partners, and is the largest fund the firm has raised. Total assets under management now exceed $2.6 billion. Third-party coverage of the close reports typical cheques of $25 million to $50 million, with board seats, into companies generating $5 million to $50 million in annual revenue — a range consistent with the firm's growth-equity stage, though the firm's own announcement does not publish a cheque range. Since its founding, the firm has invested in more than 60 companies.

Notable portfolio companies

Current portfolio companies named in the Fund VI announcement include Black Kite, the cyber risk intelligence company; ButterflyMX, which provides smart property access technology; Creatio, the Boston-based low-code platform for process management and customer relationship management; Levanta, the creator affiliate platform, which raised a $22 million Series B led by Volition Capital in August 2026; and US Mobile, the hybrid network operator. Recent investments also include Tamr ($21 million, October 2026), VibeIQ ($22.5 million) and Keynes ($40 million). Notable exits include Chewy, Assent Compliance, Connatix and Rounds.

Partners and team

Volition Capital was founded in Boston in 2010 by Larry Cheng, Roger Hurwitz and Sean Cantwell, who spun the firm out of Fidelity Ventures. All three remain managing partners. Hurwitz was named one of GrowthCap's Top Software Investors of 2026, and Cantwell was recognised as a 2026 Founder Champion by Inc. The wider team includes partners such as Jim Ferry and Melanie Jordan, and the firm runs a Strategic Advisory Board of business executives who support portfolio founders.

How to apply for funding

Founders can reach Volition Capital through its official website, volitioncapital.com, which lists the contact address [email protected] and phone +1 617 830 2100. Given the firm's growth stage, a warm introduction from a founder, advisor or co-investor is the strongest route, and the pitch should lead with revenue, retention and capital efficiency — proof that the business already works without heavy outside funding.