Notation Capital is a pre-seed and seed-stage venture capital firm that focuses on investing in "fundamentally new" companies, often at the idea stage, with a strong emphasis on product-obsessed founders and technical teams. They primarily target capital-efficient software companies, with a significant focus on the New York City area, while also considering opportunities beyond that region.
38% of their portfolio is in Developer Tools. Average disclosed round size is $23.7M (across 11 rounds with reported amounts).
Portfolio
13
Fund Size
$36M
Top Stage
Series B
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
13 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| PPhoton Health | Seed | $9M | Aug 2024 |
 QA Wolf | Series B | $36M | Jul 2024 |
 Wand.app | Seed | $4.2M | Aug 2023 |
 Butter | Series A | $9M | Nov 2022 |
 Runwise | Series A | $19M | Nov 2022 |
| QA Wolf | Series B | $20M | Sep 2022 |
 Talos | Series B | $105M | May 2022 |
 Circle | Series A | $24.7M | Dec 2021 |
| TToolio | Series A | $8M | Oct 2021 |
 Parsec | Series B | $25M | Dec 2020 |
 Uru | Pre-Seed | $700K | Dec 2016 |
 Simple Health | Unknown | — | — |
 Bulletin | Unknown | — | — |
Top Co-Investors
Andreessen Horowitz2 shared
NextView Ventures2 shared
Initialized Capital2 shared
Inspired Capital2 shared
Betaworks2 shared
Long Journey Ventures2 shared
Susa Ventures2 shared
Lerer Hippeau1 shared
Makers Fund1 shared
Tiger Global Management1 shared
Box Group1 shared
Fidelity Investments1 shared
Matrix Partners1 shared
General Atlantic1 shared
Stripes Group1 shared
BNY Mellon1 shared
Citi Ventures1 shared
Wells Fargo1 shared
DRW Venture Capital1 shared
SCB 10X1 shared
Last updated: 10 April 2026