Notion Capital Closes Third Growth Fund, Announces 2 Partners to Lead the Fund and Growth Investing Strategy

Notion Capital, Europe’s leading venture investor in business software and fintech, led by Stephen Chandler, Jos White, Chris Tottman, Patrick Norris, Itxaso del Palacio, and others, has announced the close of its new $130m (€114m) growth fund, Notion Capital Opportunities III SCSp (“Growth Opps III” or “the Fund”). The fund has already made several investments, including existing venture portfolio companies Aikido, Upvest, and Resistant AI, plus new investments into Nelly and Kraken Technology Group. Notion expects to make around a dozen core investments in total from the fund. Like Notion’s most recent venture fund, Growth Opps III is Euro-denominated and Luxembourg-based, reflecting the firm’s pan-European focus. Jess Bartos has joined the firm to help drive its growth strategy.

The successful fundraising underscores Notion’s strategic vision, proven track record, and loyal supporter base, while highlighting the enduring strength of Europe’s tech sector.

The new fund extends Notion’s strategy of backing top-performing portfolio companies further along their capital journeys, while nearly doubling allocations for select external growth-stage companies with potential to achieve category-leading success.

Leveraging a strong operational heritage and deep expertise in business software, the firm’s value-added model provides portfolio companies with support in product, go-to-market strategy, talent, and pricing. Combined with AI-driven sourcing and pipeline management, this approach helps existing companies reach their potential while giving the firm a competitive edge in identifying and accessing top new opportunities.

The new fund continues Notion’s proven strategy, targeting strong-performing business software companies. With AI driving the next generation of opportunities, focus spans four categories: Knowledge (AI-boosted SaaS), Money (fintech), Labour (AI-enabled services), and Machines (AI in the physical world), with growing demand also supported by European sovereign resilience initiatives in cybersecurity, supply chain, and defense tech.

The new fund attracted sovereign wealth funds, fund-of-funds, pension funds, insurers, family offices, and high-net-worth individuals from Europe, MENA, and the U.S., with Notion planning its sixth venture fund in 2026.