Larry Cheng

Volition Capital Announces Fund Of $250M

Boston, MA-based Volition Capital announces the closing of Volition Capital Fund III, L.P. with $250 million in capital commitments. Volition specializes in investing in high growth, principally bootstrapped technology companies across several sectors including software/SaaS, enterprise and consumer Internet applications, technology-enabled services, and mobile companies.

The new fund will continue to be focused on making a select group of new investments each year with $5M to $40M invested per company. Volition’s investment is used by its portfolio companies for growth capital, acquisition capital and shareholder liquidity. Larry Cheng, Managing Partner states: “We were fortunate to be significantly oversubscribed for this fund and were in position to welcome a select group of premier LPs across the endowment, foundation, hospital, and fund-of-funds communities,” and he also said “We are especially proud to have 100% of our institutional investors in prior funds return for Fund III which also enabled us to have a single close at our hard cap of $250 million.” Sean Cantwell another Managing Partner said: “We are privileged to partner with founders and management teams who are creating disruptive businesses with exceptional growth from strong customer demand. Our success as a firm would not be possible without the extraordinary efforts of these entrepreneurs and their passion to build market-leading companies.”

Previously Volition Capital closed $170M fund in 2013. Volition Capital focuses on investing in software/SaaS, enterprise and consumer Internet applications, technology-enabled services, and mobile companies.

VOLITION CAPITAL INVESTMENT [ January – July 2016 ] [ Via Venture Pulse Data ]

DateCompany Name Funding AmountFunding Round
Jun, 2016Prinova$17MVenture
May, 2016Assent Compliance$20MVenture
Mar, 2016LoanLogics$10.03M Series B

VOLITION CAPITAL TOTAL FUNDING : $420M in 2 ROUNDS [ Via Venture Pulse Data ]

DateFund NameFunding Amount
Volition Capital Fund II, L.P.$170M
Funding AmountVolition Capital Fund III$250M