Volition Capital LLC
Boston-based growth equity firm partnering with founders to accelerate business growth and scale innovative, high-potential companies.
In the firm's own words, from its website.
49 additional team members, 13 additional co-investors and affiliates, 65 additional investments, funds and LPs, 6 events, 2 verified contacts (1 general firm email, 1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 2 companiesnew in 12 months
2 new companies in the last 12 months.
A firm writing cheques this quarter is one a founder can pitch now.
- 1 companyportfolio raising
One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 25 Aug 2026 ($22M sold on Form D).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
- 2 dealswith Bullpen Management
Invests most often alongside Bullpen Management (2 shared deals) and Silverton Management (2 shared deals).
pair last observed on record 1 Oct 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
- Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
- Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
Relationship network
134 connected entities27 observed rounds8 repeat counterparties
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Volition Capital LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Volition Capital LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
59 companies on record, 2 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| ABCS Insights Inc | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| Aditude | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| Assent | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- ai, enterprise software, consumer, hardware, crypto, edtech, logistics
- Stages
- series a, growth
- Geography
- austin, boston, global, new york
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- growth investor
Team
54 current, 1 departed
Decision makers
- Lawrence Cheng · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
- Roger J Hurwitz · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
- Sean P Cantwell · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Partner · 14 deals attributed
- Managing Partner · 7 deals attributed
- Managing Partner · 3 deals attributed
1 departed (kept with end dates)
- Andrew D Flaster · Managing Partner & Coo · Jan 1, 2010 to Jul 7, 2023 Inference
Contacts
1 general firm email, 1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
7 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Volition Capital Fund V LP | Fund | 2023 adv first reported | Active deployment | $696M Mar 31, 2026 | 139 | $0 of $650M | Nov 16, 2022 |
| Volition Capital Strategic Advisors IV LP | Fund | 2021 adv first reported | Mature | $12.2M Mar 31, 2026 | 13 | unknown | unknown |
| Volition Capital Fund IV, LP | Fund | 2019 form d first sale | Mature | $960M Mar 31, 2026 | 98 | $400M of $400M | Dec 18, 2019 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Mcgregor Fund | FOUNDATION | Volition Capital Select Fund I, LP | $573,826 fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
| Mcgregor Fund | FOUNDATION | Volition Capital Fund IV, LP | $2.5M fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
| Mcgregor Fund | FOUNDATION | Volition Capital Fund V LP | $1.6M fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
16 co-investors · on 2 other DFX graphs
Co-investors
- 2026-10-012 shared deals · recurring
- 2026-09-302 shared deals · recurring
- 2026-10-011 shared deal · one time
Across DFX and the capital chainon 2 other DFX graphs · 3 capital paths ShowHide
- The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Volition Capital LLC is the same institution as 2 records in Allocators and RIA and Wealth.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Volition Capital LLC sits on 3 traced paths of capital across the graphs.
DFX traced 3 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
11 dated events, 86 observations from 4 sources
Timeline
- Jun 4, 2026Volition Capital LLC filed the first Form D for Volition Capital Fund VI, L.P. (fund 6), its next fund after Volition Capital Fund V LP (vintage 2022); offering $875.0M
- Jul 7, 2023Andrew D Flaster (Managing Partner & Coo) no longer on Schedule A of Volition Capital LLC
- Mar 27, 2023Volition Capital Fund V LP first reported on Form ADV by Volition Capital LLC (Venture Capital Fund), GAV $688,731,500
- Jan 1, 2023Michael Joseph Wilkens joined Schedule A of Volition Capital LLC as Chief Financial Officer
- Mar 29, 2021Volition Capital Strategic Advisors IV LP first reported on Form ADV by Volition Capital LLC (Venture Capital Fund), GAV $6,091,000
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 6 private fundsShowHide
- Headquarters
- Boston, MAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- VOLITIONCAPITAL.COM
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 31, 2026
- Private funds reported
- 6 (6 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $2.3Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $2.3B
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $2.0B
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 31, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 29, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 29, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-03-29 | Mar 31, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-03-29 | Mar 29, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-29 | Mar 29, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 31, 2026 | Fact | Form ADV |
| SEC status effective | 2012-03-29 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 29, 2024 | Fact | Form ADV |
| Business phone | Mar 31, 2026 | Fact | Form ADV | |
| Business phone | Mar 29, 2024 | Fact | Form ADV | |
| Contact page url | Sep 30, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Sep 30, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 12, 2026 | Fact | ||
| Headquarters | Boston, MA | Mar 31, 2026 | Fact | Form ADV |
| Headquarters | Boston, MA | Mar 29, 2024 | Fact | Form ADV |
| Office address | Mar 31, 2026 | Fact | Form ADV | |
| Office address | Mar 29, 2024 | Fact | Form ADV | |
| Self-described type | Growth investor | Sep 30, 2026 | Fact | |
| Self-described type | Growth investor | Sep 16, 2026 | Fact | |
| Self-described type | Growth investor | Sep 12, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 31, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 29, 2024 | Fact | Form ADV |
| Portfolio page | Sep 30, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 12, 2026 | Fact | ||
| Private funds reported | 6 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 6 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 6 | Mar 29, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $2.3B | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $2.3B | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $2.0B | Mar 29, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 31, 2026 | Fact | Form ADV |
| Stated geography | Austin, boston, global, new york “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated geography | Austin, boston, global, new york “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | Austin, boston, global, new york “geography words on the home page” | Sep 12, 2026 | Fact | |
| Stated sectors | AI, enterprise software, consumer, hardware, crypto, edtech, logistics “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | AI, enterprise software, consumer, hardware, crypto, edtech, logistics “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, enterprise software, consumer, hardware, crypto, edtech, logistics “sector words on the home page” | Sep 12, 2026 | Fact | |
| Stated stages | Series a, growth “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | Series a, growth “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Series a, growth “stage words on the home page” | Sep 12, 2026 | Fact | |
| Team page | Sep 30, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 12, 2026 | Fact | ||
| Venture funds reported | 6 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 6 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 6 | Mar 29, 2024 | Fact | Form ADV |
| Website | Sep 12, 2026 | Fact | Form ADV | |
| Website | Mar 29, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 12, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShowHide
Both early and growth/opportunity families, reported GAV $2.3B
- importance
- gav: 0.71 · funds: 0.58 · people: 1 · investments: 0.72 · co investors: 0.49
- active deployment
- investments 12m: 0.5 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-08-27
- emerging manager
- fund count: 7 · reported gav: $2.3B · first adv filing: 2012-03-29 · years since first filing: 14.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 40.7confidence 100%Why: sector fit; geography fit; activity; analogousWatch: adjacent portfolio
- score 40.7confidence 100%Why: sector fit; geography fit; activity; analogousWatch: adjacent portfolio
- score 36.7confidence 100%Why: sector fit; geography fit; activity; analogousWatch: adjacent portfolio
+27 more scored matches
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
- Adviser's first ADV filing2012-03-29source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.