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Volition wants to be DigiKey for industrial parts
Volition raises $11 million to build an online marketplace for mechanical and industrial engineering components. The company says its catalog contains more than 16 million parts, assembled through partnerships with industrial distributors, and offers industry-specific search to help engineers find and compare components. The funding, co-led by Newark Venture Partners and Quiet Capital, will support go-to-market efforts and expansion of the product offering.