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Growth Equity
FINANCIAL | Investment Firms & Funds
volitioncapital.com

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Investments

70

Portfolio Exits

17

Funds

4

About Volition Capital

Volition Capital is a growth equity firm that principally invests in high potential, founder-owned companies across different technology sectors.

Volition Capital Headquarter Location

177 Huntington Avenue 16th Floor

Boston, Massachusetts, 02115,

United States

617-830-2100

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Latest Volition Capital News

Property Access Control Company ButterflyMX Raises $50 Million

Dec 23, 2021

ButterflyMX — a creator of smart video intercoms, package rooms, keypads, elevator controls, key lockers, and other access control technology for multifamily, commercial, and student housing properties — announced the closing of a $50 million growth equity round. These are the details. ButterflyMX — a creator of smart video intercoms, package rooms, keypads, elevator controls, key lockers, and other access control technology for multifamily, commercial, and student housing properties — announced the closing of a $50 million growth equity round led by JMI Equity with participation from Volition Capital, Egis Capital, and RiverPark Ventures. Current investor and board member Roger Hurwitz of Volition Capital also participated in this round of funding. And Robert Chefitz, ButterflyMX board member and managing partner at Egis Capital, continued the Series C investment recognizing that property security is now more important than ever. This latest funding round will enable ButterflyMX to provide the real estate industry with its first-ever unified property access solution, designed to streamline building operations and enhance the resident experience. ButterflyMX’s unified property access solution connects the hardware with powerful software to enable building owners, managers, residents, and visitors to open any door or gate at their property from a smartphone. And ButterflyMX’s unified property access solution consists of: — Video intercoms for property access — Package rooms for seamless deliveries — Elevator controls for access to a specific floor — Keypads for access into amenity spaces, garages, and auxiliary rooms — Key lockers for access into apartment units with traditional locks — Smart lock integrations for access into apartment units with smart locks KEY QUOTES: “Since we first introduced the smart video intercom to the world in 2015, we’ve been installed in more than 6,500 buildings and have opened over 100 million doors. Our customers love using our video intercom for property access so much that they asked us to extend that access experience beyond their front doors. This new round of funding will allow us to finally provide the real estate industry with the only unified property access solution designed to simplify access into and throughout an entire building.” — Aaron Rudenstine, CEO of ButterflyMX “ButterflyMX’s rapid growth, impressive list of customers and best-in-class property access solutions have cemented them as a leading company in the proptech industry. Their unified access solution has revolutionized the way the real estate industry operates. Our team is excited to support ButterflyMX as they continue to create innovative products and services that transform the way people live, work, and play in buildings.” — Suken Vakil, General Partner at JMI Equity “ButterflyMX’s continued growth, scale, and impressive new products have made us more excited than ever for its future. ButterflyMX revolutionized building entry with their smart video intercom and now it is doing it again with its unified access platform. We know that once real estate professionals can easily manage access throughout their entire building, they’ll benefit from increased staff efficiency, improved operations, and better resident experiences.” — Roger Hurwitz “With all of the delivery people and service providers that now need to access buildings, security has never been more important. ButterflyMX’s new unified access control platform is the perfect solution to manage the flow of people and packages into a property while improving security and maintaining peace of mind.” — Robert Chefitz, ButterflyMX board member and managing partner at Egis Capital

Volition Capital Investments

70 Investments

Volition Capital has made 70 investments. Their latest investment was in ButterflyMX as part of their Series D on December 12, 2021.

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Volition Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/7/2021

Series D

ButterflyMX

$50M

No

4

11/16/2021

Series A

SnapAttack

$8M

Yes

2

10/13/2021

Series B

Black Kite

$22M

Yes

8

9/14/2021

Series A

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$99M

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10

8/13/2021

Series A

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$99M

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10

Date

12/7/2021

11/16/2021

10/13/2021

9/14/2021

8/13/2021

Round

Series D

Series A

Series B

Series A

Series A

Company

ButterflyMX

SnapAttack

Black Kite

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Amount

$50M

$8M

$22M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

4

2

8

10

10

Volition Capital Portfolio Exits

17 Portfolio Exits

Volition Capital has 17 portfolio exits. Their latest portfolio exit was G5 on July 21, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/21/2021

Acquired

2

7/7/2021

Acq - Fin

2

4/26/2021

Merger

4

2/10/2021

Acquired - II

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10

6/5/2018

Acq - Fin

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$99M

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10

Date

7/21/2021

7/7/2021

4/26/2021

2/10/2021

6/5/2018

Exit

Acquired

Acq - Fin

Merger

Acquired - II

Acq - Fin

Companies

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Valuation

$99M

Acquirer

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Sources

2

2

4

10

10

Volition Capital Fund History

4 Fund Histories

Volition Capital has 4 funds, including Volition Capital Select Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/19/2019

Volition Capital Select Fund I

Expansions & Growth

Closed

$200M

2

12/19/2019

Volition Capital Fund IV

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$99M

10

7/26/2016

Volition Capital Fund III

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$99M

10

12/4/2013

Volition Capital Fund II

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$99M

10

Closing Date

12/19/2019

12/19/2019

7/26/2016

12/4/2013

Fund

Volition Capital Select Fund I

Volition Capital Fund IV

Volition Capital Fund III

Volition Capital Fund II

Fund Type

Expansions & Growth

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Status

Closed

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Amount

$200M

$99M

$99M

$99M

Sources

2

10

10

10

Volition Capital Team

5 Team Members

Volition Capital has 5 team members, including current Founder, Managing Partner, Sean Cantwell.

Name

Work History

Title

Status

Sean Cantwell

Founder, Managing Partner

Current

Larry Cheng

Fidelity Ventures, Battery Ventures, Bessemer Venture Partners, Corporate Decisions, and Harvard Student Agencies

Founder, Managing Partner

Current

Rob Ketterson

Fidelity Ventures, and The Boston Consulting Group

Founding Partner

Current

Roger Hurwitz

Fidelity Ventures, Apax France, and GE Equity Partners

Managing Partner

Current

Elizabeth Ramos

Senior Vice President

Former

Name

Sean Cantwell

Larry Cheng

Rob Ketterson

Roger Hurwitz

Elizabeth Ramos

Work History

Fidelity Ventures, Battery Ventures, Bessemer Venture Partners, Corporate Decisions, and Harvard Student Agencies

Fidelity Ventures, and The Boston Consulting Group

Fidelity Ventures, Apax France, and GE Equity Partners

Title

Founder, Managing Partner

Founder, Managing Partner

Founding Partner

Managing Partner

Senior Vice President

Status

Current

Current

Current

Current

Former

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