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Notion Capital
Finance and Risk Capital
Impact for scaleups
54
UK companies backed
30%
follow on investments
24%
outside London
28
growth stage investments
Key sectors
Notion Capital is a prominent London-based venture capital firm that specialises in investing in early-stage B2B (business-to-business) software and FinTech companies across Europe, with a focus on those utilizing cloud technology and AI. Founded by former entrepreneurs, Notion is known for its “value-added” approach, providing hands-on operational support and a dedicated platform team to help its portfolio companies—which include names like GoCardless and Currencycloud—scale rapidly into global category leaders.
In the period between 2018 to June 2025, the firm invested in 54 UK companies in 77 fundraising rounds. The average turnover of those companies was £17.6m and their average number of employees was 62.
In 2025 Notion Capital has invested in companies such as Open trade, an online platform for financial products and Treefera an online platform developer that uses AI and satellite imagery to identify and map trees.
Notion Capital also has a long history of investing in scaleups. Griffin, an API banking software developer, is one of the companies Notion Capital has consistently invested since 2022 with the latest funding round they participated in being worth £18.7m. Vortexa, an online platform developer, is another company where Notion Capital participated in a £25.0m funding round.
Over the past five years, the firm has conducted an annual Net Promoter Score (NPS) survey to gather feedback from founders and CEOs in the portfolio. Its annual two-day founder retreat has scored an NPS of 100.
In addition, Notion leads and supports Included VC, a 12-month programme designed to offer access to the venture capital industry for under-represented communities. It publishes an annual Cloud Challengers report to identify Europe’s top 100 early stage, B2B SaaS/Cloud companies.
Notion Capital announced the major closing of its new $130 million (€114 million) growth fund, Notion Capital Opportunities III SCSp, in September 2025. This fund, which is 50% larger than its predecessor, is designed to double down on AI-driven scale-ups across Europe, with a focus on backing their top-performing “venture winners” for longer and making select new external growth-stage investments in the B2B software ecosystem. The firm also strategically appointed its first external partner hire to co-lead the growth strategy, signaling a significant commitment to scaling its growth-stage mandate, and has already made new UK investments in companies like the AI-focused TERN Group and FinTech firm Aslan.
