What is Volition?
Volition operates as a specialized online industrial parts marketplace, meticulously designed to cater to the unique requirements of the hardware development world. Based in San Francisco, CA., the company aims to streamline the procurement process for industrial components, offering a dedicated platform that addresses the complexities often encountered in sourcing parts for hardware innovation and manufacturing.
How much funding has Volition raised?
Volition has raised a total of $11M across 1 funding round:
Angel/Seed
$11M
Angel/Seed (2023): $11M with participation from Newark Venture Partners and Quiet Capital
Key Investors in Volition
Newark Venture Partners
Newark Venture Partners is a venture capital firm specializing in early-stage funding and strategic support for innovative startups, particularly in healthcare and technology. They are known for their quick decision-making and extensive network to aid business scaling.
Quiet Capital
Quiet Capital is a founder-led venture capital firm that backs ambitious technology entrepreneurs. They provide patient capital and a collaborative network to help build impactful companies across software, financial, health, and industrial markets.
What's next for Volition?
The recent major strategic investment positions Volition for accelerated growth and market penetration. This capital infusion is expected to fuel expansion initiatives, enhance platform capabilities, and potentially broaden its service offerings to a wider industrial clientele. The company's focus on the hardware development niche suggests a strategic intent to become the go-to resource for industrial parts, leveraging this funding to solidify its market leadership and drive further innovation in e-commerce for industrial goods.
See full Volition company page
