Notion Capital

Quick read

Notion Capital is a London-based VC firm founded in 2009, investing in European B2B SaaS and cloud companies from seed through Series B, with a dedicated growth fund for follow-on. It has backed over 100 companies across the UK, Germany, Spain and beyond, and closed a $130m Growth Opportunities III fund in September 2025. The firm is preparing to launch its sixth venture fund in 2026.

Key facts

Founded

2009

Founders

Stephen Chandler, Jos White, Chris Tottman, Ben White

Employees

11-50

Sectors

saas, enterprise, fintech, ai

Website

notion.vc

Investment thesis

Notion Capital backs European B2B SaaS and cloud companies from seed to Series B, writing initial cheques across the full journey and following on through dedicated growth funds. The firm targets AI-driven software and fintech businesses with the potential to become category leaders across Europe.

Recent activity

• Apr 2026investment
  Led a $5.3m seed round in Dex, an AI-powered recruiting startup, with participation from a16z Speedrun and Concept Ventures. fortune.com
• 2026product
  Published the fifth annual Cloud Challengers Top 100 report, identifying Europe's top early-stage B2B software startups from a pool of 200,000 companies; 25% of last year's cohort raised follow-on rounds totalling $795m. uk.linkedin.com
• 2026leadership
  Promoted Andreas Panayiotou to Operating Partner. uk.linkedin.com
• Sep 2025fundraise
  Closed Growth Opportunities III, a $130m (€114m) growth fund backed by sovereign wealth funds, pension funds and family offices from Europe, MENA and the US. Named Jess Bartos, ex-Salesforce Ventures, as the firm's first external partner hire to co-lead growth investing with Stephanie Opdam. techcrunch.com
• Sep 2025fundraise
  British Business Bank committed €20m to the new growth fund. linkedin.com
• 2024investment
  Led a $16m Series A in Legalfly, an AI-native legal workflow platform; the company grew ARR 8x in 2025 and expanded enterprise customers to 40% of its base. uk.linkedin.com
• 2023fundraise
  Closed Fund V at €300m — nearly double its predecessor — and promoted Itxaso del Palacio to General Partner, Stephanie Opdam and Kamil Mieczakowski to Partner. linkedin.com

Notable investments

• DexSeedApr 2026fortune.com
• IsembardSeed2025uk.linkedin.com
• LegalflySeries A2024uk.linkedin.com
• MewsGrowth2024uk.linkedin.com
• Resistant AISeries Auk.linkedin.com
• NabooSeries Auk.linkedin.com
• TernSeries Auk.linkedin.com
• YuLifeuk.linkedin.com
• ValidMinduk.linkedin.com
• Cobeeuk.linkedin.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Jos White · General Partner
  LinkedIn
• Stephen Chandler · Partner
  LinkedIn
• Chris Tottman · Partner
  LinkedIn
• Itxaso del Palacio · General Partner
  LinkedIn
• Kamil Mieczakowski · Partner
• Stephanie Opdam · Partner
• Jess Bartos · Partner
• Robin Wänlund · Investor
  LinkedIn
• Patrick Norris · Partner

Sources

• Notion Capital raises $130M growth fund to tackle Europe's follow-on gap | TechCrunch
• With new €114 million fund, Notion Capital expands focus on AI-driven software and FinTech | EU-Startups
• Notion Capital closes third Growth Fund | Startups Magazine
• Exclusive: AI-powered recruiting startup Dex raises $5.3 million seed round led by Notion Capital | Fortune
• Notion Capital closes $130M Growth Opportunities III fund | Tech.eu
• Notion Capital closes Fund V at €300m | LinkedIn
• Notion Capital Closes Third Growth Fund | Notion

Other VCs in United Kingdom

• Balderton Capital · Early-stage VC, London·
• Atomico · Multi-stage VC, London·
• Molten Ventures · Multi-stage VC, London·
• Octopus Ventures · Early-stage VC, London·
• Hoxton Ventures · Seed VC, London·
• Episode 1 Ventures · Seed VC, London

Explore VCs by sector

• SaaS in United Kingdom
• Enterprise software in United Kingdom

Globally

• SaaS worldwide
• Enterprise software worldwide

Frequently asked