London-based Notion Capital Raises €114M To Boost AI-Focused Software And FinTech Investments

The fund attracted backing from sovereign wealth funds, pension funds, family offices, insurers, and high-net-worth individuals across Europe, MENA, and the US. Notion plans its sixth venture fund in 2026.

Stephen Chandler, Managing Partner at Notion Capital, said: “I am delighted to announce this, our latest, growth fund. Our team has built a strong brand and reputation and LP demand for the fund in a challenging fundraising environment is a testament to this. We are a diverse team spanning 12 nationalities which gives us extraordinary reach and access across the market with AI driving huge innovation in the software landscape.”

Notion Capital’s €114 million growth fund reflects a broader 2025 trend in Europe, with investors targeting B2B, AI-driven software and scale-stage opportunities. Large vehicles like Smartfin (€250 million) and Evantic Capital (€341 million), alongside mid-sized funds such as May Ventures (€30 million) and DFF Ventures (€50 million), illustrate robust activity across early and growth stages.

Read Also - French AdTech Startup Vibe.co Secures €42M To Power AI-driven,Hyper-Targeted TV Advertising

Founded in 2009, Notion Capital manages over $1 billion across 150+ investments. The new fund nearly doubles its allocation for selected growth-stage companies, aiming to back category leaders. Early investments include Aikido, Upvest, Resistant AI, as well as new portfolio additions Nelly and Kraken Technology Group, with around a dozen core investments planned.

Notion also welcomed Jess Bartos, its first external partner hire, to co-lead growth strategy alongside Stephanie Opdam. This marks the first dedicated leadership for Notion’s growth funds, underlining the firm’s ambition to scale both the size and profile of its growth-stage strategy in future cycles.

“Whilst the whole team will continue to support activities for this new fund, it is an important milestone to have dedicated resources focused on it, which is a testament to our ambitions for this strategy going forward. I am delighted to welcome Jess Bartos to our firm where I am confident she has a profound contribution to make,” added Chandler.

In 2025, Notion Capital actively shaped European startup funding, participating in multiple high-profile rounds, according to EU-Startups.

It led the €4.7 million Seed round for UK FinTech Aslan, focused on employee compensation, and the €20 million Series A for Naboo, which streamlines corporate event planning. In Germany, it co-led Nelly’s €50 million round to digitise healthcare financial operations, and recently backed the UK’s TERN Group with €20 million to tackle workforce challenges in clinical settings via AI.

These investments highlight Notion’s continued focus on B2B software, FinTech, and AI-driven solutions across Europe.

About Notion Capital

Notion Capital is a European venture capital firm investing in SaaS, cloud, and enterprise tech. With over 100 investments to date, it supports founders throughout their journey, providing lifetime capital and a value-added platform to help build category-leading companies across Europe.