London’s Notion Capital, a number one enterprise investor in enterprise software program and FinTech, has at this time introduced the shut of its new €114 million development fund, Notion Capital Alternatives III SCSp.
Buyers within the new fund comprised sovereign wealth funds, fund of funds, pension funds, insurers, household places of work and excessive internet price people from throughout Europe, MENA and the USA. Notion expects to be again available in the market with its sixth enterprise fund in 2026.
Stephen Chandler, Managing Companion at Notion Capital, mentioned: “I’m delighted to announce this, our newest, development fund. Our crew has constructed a powerful model and status, and LP demand for the fund in a difficult fundraising surroundings is testomony to this. We’re a various crew spanning 12 nationalities which supplies us extraordinary attain and entry throughout the market with AI driving enormous innovation within the software program panorama.”
Notion’s €114 million development car matches right into a broader sample in 2025 of European funds and startups focusing on B2B, AI-infused software program, and scale-stage investing.
As an illustration, Smartfin’s €250 million fund represents one of many bigger automobiles devoted to B2B tech scaleups. Equally, Evantic Capital’s €341 million launch indicators strong investor curiosity in AI-driven enterprise software program. Mid-sized funds reminiscent of May Ventures (€30+ million) and DFF Ventures (€50 million) additional exhibit that exercise spans each early and development levels.
Taken collectively, these developments contextualise Notion’s fund as a focused, mid-sized effort aligned with the yr’s ongoing momentum in European B2B software program and AI funding.
Based in 2009, Notion Capital has greater than $1 billion AUM and with greater than 150 investments up to now. Their new fund has almost double the allocation to spend money on chosen exterior development stage firms, the place Notion believes they’ve what it takes to construct category-leading outcomes.
The fund has already made a number of investments together with present enterprise portfolio firms Aikido, Upvest and Resistant AI plus new investments into Nelly and Kraken Know-how Group. Notion expects to make round a dozen core investments in whole from the fund.
Notion additionally introduced that Jess Bartos had joined the agency to assist drive its development technique, Notion’s first ever exterior associate rent. Jess joins present Notion associate, Stephanie Opdam, now centered on this fund and technique. That is the primary time Notion’s development funds have had devoted management sources, reflecting the agency’s ambition to considerably improve the dimensions and profile of this technique over coming cycles.
“While the entire crew will proceed to assist actions for this new fund, it is a vital milestone to have devoted sources focussed on it, which is testomony to our ambitions for this technique going forwards. I’m delighted to welcome Jess Bartos to our agency the place I’m assured she has a profound contribution to make,” added Chandler.
In 2025, Notion Capital has been an lively presence in European startup funding, that includes in a number of rounds – as reported by EU-Startups.
It led the €4.7 million Seed spherical for UK-based FinTech Aslan, which focuses on worker compensation innovation. It additionally led the €20 million Collection A for Naboo, a startup streamlining company occasion planning. In Germany, Notion co-led Nelly’s €50 million spherical, geared toward digitising monetary operations in healthcare. Most just lately, it backed the UK’s TERN Group in a €20 million increase to handle workforce challenges in scientific settings by means of AI.
These offers underscore Notion’s ongoing deal with B2B software program, FinTech, and AI-led options throughout a number of European markets.
