British Business Bank partner Notion Capital Launches New Fund
Press release
The new $120m Fund will continue investment in Europe’s best B2B Software-as-a-Service Companies
Notion Capital has completed the first close of its third fund at $120m, focussed on European Cloud Computing and Software-as-a-Service (SaaS) companies at Series A stage. The final close is expected later this year with a target of $150m, taking the total funds under management at the firm to in excess of $300m. As such Notion Capital represents by far the largest dedicated B2B SaaS fund in Europe.

In two previous funds, the firm has invested in 33 companies, including some of the most exciting and fastest growing in Europe. That includes breakout success stories like NewVoiceMedia and Tradeshift, who have together raised over $200m from leading international growth investors. It also includes major European exits such as Shutl, to Ebay and Star, to Claranet.
At the same time, its portfolio includes many of Europe’s most exciting and high potential SaaS companies, including Adbrain, Brightpearl, Currency Cloud, Duedil, IOCS and MOVE Guides.
The new fund is backed by existing and new investors at multiple institutions as well as family offices and high net worth individuals, including several world-renowned technology entrepreneurs. It also continues to be supported by the European Investment Fund and British Business Bank, extending their on-going partnership with Notion in helping entrepreneurs in Europe build global, category leading, SaaS businesses.
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