Notion Capital as we speak declares a brand new $150M fund in a bid to bolster its declare to being the go-to investor for European B2B tech.
Launched ten years in the past after the $700M exit of MessageLabs by co-founders Ben and Jos White, this new fourth fund will proceed its earlier deal with Collection A SaaS and enterprise tech, however will now include an elevated deal with cybersecurity, automation and marketplaces. Notion now has $500M below administration and over 50 investments. Its portfolio consists of a number of European unicorns, together with Tradeshift, GoCardless Unbabel, Paddle, CurrencyCloud, Duedil, Mews Programs and others.
Commenting, companion Stephen Chandler mentioned: “After we based Notion in 2009, we felt there was a mouth-watering, once-in-a-lifetime alternative to assist rework an trade and create an enormous quantity of worth alongside the way in which. Having constructed the biggest EU SaaS exit, we firmly believed that SaaS, as a essentially higher manner of delivering software program, was going to be transformational and that we had a novel perspective.”
He additionally mentioned: “Notion is the one post-seed VC in Europe began by B2B founders. Meaning a tradition of entrepreneurial empathy and investigating the whys and hows, as a substitute of simply chilly KPIs. We ran and constructed one SaaS firm for ten years and have subsequently invested in and labored with 60+ SaaS corporations over the subsequent ten.”
In Could of this 12 months, Notion launched Included, a VC fellowship program, to extend the variety of underrepresented communities throughout the enterprise capital trade and the range of deal movement.
It has now had greater than 1,500 purposes for 30 locations on the 12-month fellowship which begins this month. While Notion was the pioneer behind this initiative, this system is now broadly supported and funded by a large group of European VCs and different sponsors.