Notion Capital Secures $130M Fund for European AI Scaleups
October 1, 2025, 9:41 am
Notion Capital successfully closed its $130 million Growth Opportunities III fund, targeting high-potential European scaleups. This significant capital influx is earmarked for AI-driven business software across diverse sectors, including FinTech, B2B technology, and intelligent automation. The firm introduces dedicated leadership for its growth funds, a strategic move reinforcing its ambitious expansion. This new fund builds on a proven investment model, supporting both existing portfolio companies and selecting new, category-defining external ventures. Notion's active market presence, underscored by recent key investments, solidifies its position as a pivotal force in Europe's dynamic venture capital ecosystem, shaping the future of technology innovation.
Notion Capital secured its latest growth fund. The Growth Opportunities III fund closed at $130 million. This capital infusion targets European scaleup companies. It focuses on business software, powered by AI. Notion deepens its commitment to the continent's vibrant tech scene.
This new fund follows a successful strategy. It supports existing portfolio firms. It also allocates significant capital for new external growth-stage companies. Notion seeks category-leading outcomes. The firm relies on its operational heritage. Its subject matter expertise in business software is extensive. A dedicated Platform team supports portfolio companies. This includes product, go-to-market, talent, and pricing assistance.
Artificial Intelligence forms the core investment thesis. AI is the next platform. It redefines business software. Notion identifies four key investment categories. Knowledge-based SaaS is accelerated by AI. Money-focused fintech and adjacent industries see disruption. Labor markets are reshaped by AI-driven services. Machines interact with and learn from the physical world. Notion has actively invested across all these areas.
European sovereign resilience strategies further fuel demand. This includes cybersecurity initiatives. Supply chain optimization gains focus. Defense technology also sees increased interest. Notion positions itself at the forefront of these critical sectors. The fund is Euro-denominated. It is based in Luxembourg. This reflects its pan-European focus.
Leadership for growth funds expands. Jess Bartos joins Notion as Partner. She drives the growth strategy. This marks a significant milestone. It is Notion's first external partner hire. Bartos brings extensive experience. She previously worked at Salesforce Ventures. There, she supported numerous investments. Stephanie Opdam, another existing Notion partner, also focuses on this fund. This dedicated leadership signals deep ambition. It aims to substantially increase the strategy's profile.
Notion has already deployed capital. Several investments are complete. Existing venture portfolio companies include Aikido, Upvest, and Resistant AI. New investments target Nelly and Kraken Technology Group. Notion expects to make around a dozen core investments in total. These initial moves showcase the fund's diverse reach.
The firm's activities fit a broader market trend. 2025 sees European funds target B2B software. AI-infused solutions are paramount. Scale-stage investing gains momentum. Larger vehicles like Smartfin's €250 million fund focus on B2B tech scaleups. Evantic Capital's €341 million launch signals robust investor interest. Mid-sized funds, such as May Ventures and DFF Ventures, also thrive. Notion's fund is a strategic piece within this energetic landscape. It underscores the robust health of European tech funding.
Notion Capital maintains a strong track record. Founded in 2009, it boasts over $1 billion in assets under management (AUM). It has made more than 150 investments to date. Its experience provides a significant advantage. This history informs its latest fund's strategy.
Recent activities highlight Notion's market presence. The firm led a €4.7 million Seed round for UK-based FinTech Aslan. Aslan focuses on employee compensation innovation. Notion also led a €20 million Series A for Naboo. Naboo streamlines corporate event planning. In Germany, Notion co-led Nelly’s €50 million round. Nelly aims to digitize healthcare financial operations. Most recently, Notion backed the UK’s TERN Group. TERN Group raised €20 million. It addresses workforce challenges in clinical settings through AI. These deals exemplify Notion’s consistent focus. B2B software, FinTech, and AI-led solutions across Europe remain central.
The investor base is broad. Sovereign wealth funds participated. Fund of funds committed capital. Pension funds, insurers, and family offices joined. High net worth individuals from Europe, MENA, and the United States also invested. This diverse backing underscores confidence. It validates Notion's strategy and leadership.
Notion Capital looks to the future. The firm expects to re-enter the market soon. Its sixth venture fund is planned for 2026. Notion continues to build. It shapes the European technology ecosystem. Its impact grows. The new growth fund reinforces its position. It remains a key player in global venture capital.
Notion Capital secured its latest growth fund. The Growth Opportunities III fund closed at $130 million. This capital infusion targets European scaleup companies. It focuses on business software, powered by AI. Notion deepens its commitment to the continent's vibrant tech scene.
This new fund follows a successful strategy. It supports existing portfolio firms. It also allocates significant capital for new external growth-stage companies. Notion seeks category-leading outcomes. The firm relies on its operational heritage. Its subject matter expertise in business software is extensive. A dedicated Platform team supports portfolio companies. This includes product, go-to-market, talent, and pricing assistance.
Artificial Intelligence forms the core investment thesis. AI is the next platform. It redefines business software. Notion identifies four key investment categories. Knowledge-based SaaS is accelerated by AI. Money-focused fintech and adjacent industries see disruption. Labor markets are reshaped by AI-driven services. Machines interact with and learn from the physical world. Notion has actively invested across all these areas.
European sovereign resilience strategies further fuel demand. This includes cybersecurity initiatives. Supply chain optimization gains focus. Defense technology also sees increased interest. Notion positions itself at the forefront of these critical sectors. The fund is Euro-denominated. It is based in Luxembourg. This reflects its pan-European focus.
Leadership for growth funds expands. Jess Bartos joins Notion as Partner. She drives the growth strategy. This marks a significant milestone. It is Notion's first external partner hire. Bartos brings extensive experience. She previously worked at Salesforce Ventures. There, she supported numerous investments. Stephanie Opdam, another existing Notion partner, also focuses on this fund. This dedicated leadership signals deep ambition. It aims to substantially increase the strategy's profile.
Notion has already deployed capital. Several investments are complete. Existing venture portfolio companies include Aikido, Upvest, and Resistant AI. New investments target Nelly and Kraken Technology Group. Notion expects to make around a dozen core investments in total. These initial moves showcase the fund's diverse reach.
The firm's activities fit a broader market trend. 2025 sees European funds target B2B software. AI-infused solutions are paramount. Scale-stage investing gains momentum. Larger vehicles like Smartfin's €250 million fund focus on B2B tech scaleups. Evantic Capital's €341 million launch signals robust investor interest. Mid-sized funds, such as May Ventures and DFF Ventures, also thrive. Notion's fund is a strategic piece within this energetic landscape. It underscores the robust health of European tech funding.
Notion Capital maintains a strong track record. Founded in 2009, it boasts over $1 billion in assets under management (AUM). It has made more than 150 investments to date. Its experience provides a significant advantage. This history informs its latest fund's strategy.
Recent activities highlight Notion's market presence. The firm led a €4.7 million Seed round for UK-based FinTech Aslan. Aslan focuses on employee compensation innovation. Notion also led a €20 million Series A for Naboo. Naboo streamlines corporate event planning. In Germany, Notion co-led Nelly’s €50 million round. Nelly aims to digitize healthcare financial operations. Most recently, Notion backed the UK’s TERN Group. TERN Group raised €20 million. It addresses workforce challenges in clinical settings through AI. These deals exemplify Notion’s consistent focus. B2B software, FinTech, and AI-led solutions across Europe remain central.
The investor base is broad. Sovereign wealth funds participated. Fund of funds committed capital. Pension funds, insurers, and family offices joined. High net worth individuals from Europe, MENA, and the United States also invested. This diverse backing underscores confidence. It validates Notion's strategy and leadership.
Notion Capital looks to the future. The firm expects to re-enter the market soon. Its sixth venture fund is planned for 2026. Notion continues to build. It shapes the European technology ecosystem. Its impact grows. The new growth fund reinforces its position. It remains a key player in global venture capital.