Scaling Success
Scaling Success is a podcast designed for entrepreneurs who are looking to scale a business. Hosted by Volition Capital Managing Partner, Sean Cantwell, each episode centers around a critical topic for scaling a successful startup.
2024 YEAR IN REVIEW
KEY STATISTICS
4
NEW
INVESTMENTS
8
FOLLOW-ON
INVESTMENTS
$1.7B
ASSETS-UNDER-MANAGEMENT
3
REALIZATIONS
A LETTER FROM THE PARTNERS
2024 was another milestone year for Volition Capital, marked by significant progress and continued growth. We made several new investments in rapidly growing, capital-efficient companies, supported our existing portfolio through key follow-on funding rounds, and expanded our operations and value-add capabilities.
This year we proudly welcomed several exceptional companies to our portfolio: HALOS Body Cams, Screenverse, and Levanta – each advancing their respective industries with cutting-edge technology. We also made a number of follow-on investments this year. One of these was in Creatio as part of their $200 million capital raise which was completed at a $1.2 billion valuation. Since our initial investment in February 2021, we have been consistently impressed by the vision and relentless pursuit of excellence led by CEO Katherine Kostereva and her team. Alongside Creatio, we made other notable follow-on investments, including a $15M PIPE investment in Grove, as well as additional investments in Zenarate and Cohora among others.
While our investment team was busy executing these deals, the Volition Growth Operations team also achieved several key milestones for the firm. In April, we welcomed Pete Lamson as our Chief Operating Officer and Head of Portfolio Operations. With over 35 years of leadership experience, Pete brings a wealth of expertise in driving accelerated revenue growth, operational excellence, and shareholder value creation. Another highlight of the year was our Inaugural Leadership Summit, where we brought together our portfolio executives in Boston for an in-person event focused on growth, leadership, and community. We were privileged to have keynote speakers Niraj Shah, CEO of Wayfair, and Sam Kennedy, CEO of Boston Red Sox, who shared valuable insights on leadership and scaling successful companies. Additionally, at the Leadership Summit, we launched Volition Edge, a proprietary platform that is designed to enable and better support our Portfolio companies with on-demand access to best practices, shared learning, and insights from industry experts based on our decades of experience in building world-class companies.
As we look back on 2024, we are filled with gratitude for the continued partnership and support of our investors, founders, and friends. Thank you for being an integral part of our journey. Here’s to an even better 2025.
-Sean, Larry, and Roger.
new investments
Adtech
Screenverse
Screenverse is a leading monetization and ad management partner for DOOH media owners, enabling them to unlock and scale programmatic ad revenue. With an expansive DOOH media network base, including billboards, urban panels, and retail environments, among others, Screenverse has curated digital ad inventory networks that are highly utilized across direct and programmatic buyers from advertisers across the US. For more information, visit
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HALOS Body Cams
HALOS Body Cams is the leading subscription-based bodycam and cloud-based digital asset management system.
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Ecommerce
Levanta
Levanta is a leading affiliate marketing platform for marketplace sellers offering brands a scalable, performance-based solution to drive sales, expand into new markets, and build long-term partnerships with creators.
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*One New Investment Has Not Been Publicly Announced Yet
follow on investments
GTM Technology
IT Infrastructure
Creatio
Creatio is a Boston-based global software company providing a leading low-code platform for process management and CRM.
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Data, Analytics & Automation
Cohora
Cohora enables real time customer interactions within a brand-owned customer network built on your 1st party data.
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Ecommerce
Sustainability
Grove Collaborative
Grove Collaborative (NYSE: GROV) is a leading sustainable omni-channel brand focused on everyday household essentials.
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Ecommerce
Arteza
Arteza is the leading direct to consumer arts & crafts supplies brand offering art enthusiasts and hobbyists high quality supplies at affordable price points across a variety of categories.
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GTM Technology
Zenarate
Zenarate is a natural language AI Simulation Training enterprise SaaS platform to develop confident top-performing customer and prospect facing agents.
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Data, Analytics & Automation
Revi
Revi is a self-serve POS for QSRs and local businesses with a customer loyalty and marketing program that drives repeat and discovery visits across its entire network of restaurants.
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Digital Health
Sensible Care
Sensible Care is a leading end-to-end online behavioral health provider that puts patient and provider experience first.
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*One Follow-On Investment Has Not Been Publicly Announced Yet
Realizations
Cybersecurity
SnapAttack
SnapAttack is a collaborative platform that empowers your security team to stay ahead of threats, create robust behavioral analytics for your existing tools, and prove your program's effectiveness.
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Supply Chain
Sustainability
Assent
Assent Compliance is the leading SaaS supply chain compliance solution for product companies.
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*One Additional Realization Has Not Been Publicly Announced Yet
2024 Inaugural Leadership Summit
In October, we hosted our first ever Volition Capital Leadership Summit. Throughout the two-day event, our portfolio founders and executives heard keynote conversations from world-class executives, participated in breakout sessions, and experienced the launch of Volition Edge. Most importantly, the Summit served as a pivotal step in strengthening the Volition ecosystem and fostering meaningful connections among our founders & exec teams.
Volition Edge
In 2024, we introduced our portfolio to Volition Edge, a proprietary platform that provides access to shared best practices, shared learning, and industry experts from our combined decades of experience building world-class companies.
100+
Pieces of Content
15+
Preferred Vendors
20+
SAB & Sr. Advisors
4
Centers of Excellence
Creatio Achieves Unicorn Status
In June, Creatio announced a $200 million fundraise at a $1.2 billion valuation which included a follow-on investment from Volition Capital. Since our initial investment in February 2021, we could not be more impressed with the company’s growth and the impact that Creatio’s platform brings to its customers. Thanks to this major accomplishment, 2024 was a huge year for Creatio CEO Katherine Kostereva (center) and the entire Creatio team!
Strategic Advisory Board
Throughout 2024, Volition Capital and our portfolio companies engaged deeper than ever with our Strategic Advisory Board (SAB). Volition's SAB includes top executives and founders of blue-chip software and internet and consumer companies who provide focused guidance to portfolio companies in a variety of critical strategic areas. Here's a small highlight of this year's deep engagement projects with our portfolio companies, Leadership Summit sessions and webinars from our SAB.
Scaling Success
Podcast
Scaling Success is a podcast hosted by Volition Capital Managing Partner Sean Cantwell designed for entrepreneurs who are looking to scale a business. In 2024, we released a new season of Scaling Success featuring interviews with global business leaders, Volition portfolio company executives, and key industry stakeholders.
Awards
Volition secured several notable awards in the growth equity ecosystem recognizing both the firm and our investors, We're proud to share that for the second year in a row, Volition Capital was named to Inc's List of Founder-Friendly Investors.
Insights & Thought Leadership
Through Volition's Thought Leadership initiatives, our investors and Growth Operations team leaders share their reflections and analysis on a variety of topics relevant to founders scaling their businesses.
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Portfolio Company Accomplishments
Inc. 5000 Recognition
Aditude ranked No. 201 on the 2024 Inc. 5000 list. Additionally, Aditude was ranked at No. 18 in the Advertising & Marketing category and No. 22 in the state of New York.
Award
Assent recognized as a leader in supply chain sustainability by Verdantix
Fast 500 Recognition
Automatiq ranked No. 75 on the 2024 Technology Fast 500 for North America.
Inc. 5000 Recognition
Black Kite ranked No. 692 on the 2024 Inc. 5000 list. Additionally, Black Kite ranked as No. 55 in the Regionals Northeast category.
PARTNERSHIP
Bond-Pro partnered with Surety2000 and Xenex Enterprises Inc. to completely automate surety bond processing.
Award
Burst Oral Care was named "Best Electric Toothbrush" in the 2024 SELF health beauty awards.
Milestone Anniversary
ButterflyMX celebrates their 10 year anniversary.
CEO Hire
Emma Chamberlain became co-CEO at Chamberlain Coffee.
Follow-On-Investment
Cohora Secured $2.5M in additional funding.
Merger
Connatix and JW Player merged to create the industry's largest video technology and monetization platform.
Follow-on-investment
Creatio raised a $200 million equity round at a $1.2 billion valuation to lead the enterprise no-code market. Volition Capital participated in the capital raise.
CEO Hire
Digital Onboarding welcomed Charlie Kroll as their new CEO. Charlie brings nearly 25 years of experience building and scaling successful fintech companies like Andera, Ellevest, and Lithic.
AWARD
Doing Things brand, Bob Does Sports, won the "Most Engaged Community" award at the 2024 Media Digiday Awards.
Award
GRAX Named BostInno 2024 Fire Honoree in Cybersecurity.
Follow-On-Investment
In September, Grove announced a $15 million follow-on-investment from Volition Capital.
Strategic Partnership
HAAS Alert announced that Volkswagen of America would be launching a suite of safety-enhancing features aimed at improving driver awareness and road safety, including HAAS Alert's Safety Cloud to send real-time in-dash notifications to help Volkswagen vehicles avoid potential hazards on the road ahead.
Product Launch
In July, hackajob launched "hackajob intelligence," an end-to-end hiring platform leveraging AI tools that streamlines the entire hiring process from a single prompt.
Fast 50
HALOS ranked No. 8 on the 2024 Technology Fast 50 for Ireland.
Award
Messagepoint was recognized as a Leader in two prestigious IDC MarketScape reports.
Product Development
Millions had a strong 2024 including the release of several new features across their products.
Award
Mozaic CEO & Co-Founder Marcus Cobb was named one of Black to Businesses' Black Men Who Lead.
Strategic Partnership
Pramata formed a strategic alliance with Deloitte to help enterprise organizations unlock the full value of their contract data.
Product Launch
Qure4U had several achievements in 2024 including the release of four new products and 153 product enhancements.
Industry Recognition
Relish was recognized by Spend Matters as one of the "50 Providers to Watch" in 2024.
Follow-On-Investment
Revi announced their $14.5 million Series A which included participation from Volition Capital.
Strategic Partnership
RTS was selected as a key player in NYC's cutting-edge Commercial Waste Zones initiative.
Milestone Achievement
Screenverse surpassed 100,000 digital screens across billboards, urban panels, and more.
AWARD
Securonix was named a Customers’ Choice in the December 2024 Gartner Peer Insights “Voice of the Customer” report for SIEM.
Key Collaboration
Super73 announced a new collaboration with Red Bull Racing & Red Bull Technology. Along with Oracle Red Bud Bull Racing, Super73 launched two new limited edition Super73's: R-ADV Series & Z-ADV Series.
AWARD
TraceLink was included in the Inc. 2024 Best in Business list in its Manufacturing category.
Milestone Achievement
Earlier this year, US Mobile CEO, Ahmed Khattak, shared that the company surpassed the $100 million ARR mark.
Strategic Acquisition
Zenarate acquired, Bright Software, an award-winning pioneer in the immersive learning + LXP Space.
This information is provided for general informational purposes only. Under no circumstances should this information be used in connection with or be considered an offer, solicitation of an offer, or a recommendation to purchase or sell, any securities, nor does any such material constitute investment, legal, accounting or tax advice or an endorsement with respect to any investment strategy or company. This information may include forward-looking statements. Volition Capital LLC (“Volition,” “we,” or “us”) can give no assurance that such expectations will prove to be correct. Past performance is not indicative of any specific investment or future results. Any specific companies listed or discussed are for illustrative purposes only, and do not represent any or all companies purchased, sold or recommended or an investment recommendation or offer to provide investment advisory services. Views regarding the economy, securities markets or other specialized areas are not guaranteed to be accurate. Volition does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any of this information, and Volition takes no responsibility therefor. Volition has no obligation to update, modify or amend any such information or to notify you in the event that any information, opinion, projection, forecast or estimate changes or subsequently becomes inaccurate. The views expressed herein are those of the individuals quoted or named and are not the views of Volition Capital LLC or its affiliates. This information is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by Volition.