Venture Capital

Notion Capital closes £107M fund, launches another

Notion Capital has held the final close of its third venture fund, launched a new growth equity fund and appointed two new partners.

It’s been a busy week so far for Notion Capital. The British VC firm has held the final close of its third venture fund, launched a new growth equity vehicle and appointed two new partners.

The Notion Capital III fund has held a final close at £107 million and will continue the firm’s strategy of investing in European SaaS and cloud companies at the Series A stage. The VC fund also beat its target amount, and picked up new LP investors including Cisco Investments and Key Capital.

Additionally, the firm has held a first close on its Notion Capital Opportunities fund, a £60 million growth equity pool that will make late-stage follow-on investments in businesses initially funded by Notion’s three VC vehicles. Current portfolio companies include fintech startups Currencycloud, GoCardless and Tradeshift.

Finally, Chrys Chrysanthou and Patrick Norris have been promoted to partner. Before joining Notion in 2015, Chrysanthou had worked at tech giants Cisco and Amazon; he also has experience in the venture investing and M&A sectors. Norris was an investment banker at Morgan Stanley and co-founded three startups before coming on board at Notion in 2013.

Want to know more? PitchBook subscribers can access Notion Capital’s profile and learn about its investments, funds, returns and much more.

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