Notion Capital is a London-based venture capital firm founded in 2009, investing in early-stage European B2B SaaS, cloud, and AI-native business software companies, with a growth fund for later-stage follow-ons. The firm closed its latest fund, Growth Opportunities Fund III, at $130M (€114M) in 2025, bringing total assets under management to over $1bn across all funds.
Average disclosed round size is $32.0M (across 197 rounds with reported amounts).
Portfolio
162
Fund Size
$130M
Top Stage
Series A
Last 12 Mo
17
Team
Itxaso del Palacio
General Partner
Patrick Norris
General Partner
Jessica (Bartos) Thomas
Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
256 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Twin1 Ai | Seed | $20M | Aug 2026 |
 Unnatural Products | Series A | $30M | Jul 2026 |
 Justai | Series A | $17M | Jun 2026 |
 Dex | Seed | $5.3M | Apr 2026 |
 Dex | Seed | $5.3M | Apr 2026 |
 Isembard | Series C | — | Mar 2026 |
 Naboo | Series B | $70M | Feb 2026 |
 Bound | Series A | $24.5M | Feb 2026 |
| AAikido Security | Series B | — | Jan 2026 |
 Unbox | Series B | $28M | Jan 2026 |
 Origin | Series A | $30M | Jan 2026 |
 Flip | Series D | $25M | Jan 2026 |
 Aikido | Series B | $60M | Jan 2026 |
| Isembard | Series A | $50M | Jan 2026 |
 Unify | Seed | $19M | Jan 2026 |
| Dex | Seed | $5.3M | Jan 2026 |
 BFL | Series B | $300M | Dec 2025 |
 Raindrop | Seed | $15M | Dec 2025 |
 UPCITI | Series A | $20M | Oct 2025 |
 Resistant AI | Series B | — | Oct 2025 |
| EEwake | Pre-Seed | — | Oct 2025 |
 Umony | Series A | $15M | Sep 2025 |
 Goodfit | Series A | $13M | Sep 2025 |
 Tern | Series A | — | Sep 2025 |
 Zango | Seed | — | Jul 2025 |
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Top Co-Investors
Y Combinator21 shared
Speedinvest13 shared
firstminute capital12 shared
HV Capital10 shared
General Catalyst9 shared
Salesforce Ventures9 shared
Balderton Capital9 shared
Lakestar8 shared
Seedcamp8 shared
Foundation Capital7 shared
LEA Partners7 shared
Workday Ventures7 shared
Cisco Investments7 shared
Plug&Play7 shared
Project A7 shared
Kindred Ventures6 shared
Singular6 shared
Context Ventures6 shared
British Business Bank6 shared
Figma Ventures6 shared
Last updated: 27 September 2026