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Venture Capital

Notion Capital

Notion Capital backs early-stage and high-growth companies, typically pre-profit, from London, United Kingdom. It states a focus on software & internet and financial services.

Capital raised$354macross 4 SEC-filed vehicles
Most recent fund2026filing since 2015
HeadquartersLondon, United Kingdom
Stated fund size$1B AUM

Stated investment criteria

What Notion Capital says it buys

Read from Notion Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

OfficesLondon2
People listed on its team page261

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Notion Capital to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Notion Capital has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed4
Total capital raised$354m
Largest single vehicle$336m
Filing history2015 to 2026
Smallest accepted commitmentNone stated
Filed fromUNITED KINGDOM

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Notion Capital is registered

Registered with the SEC as an investment adviser, and incorporated in the United Kingdom.

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised7 · $941m gross
SEC adviser numberCRD 301084
Companies House number06877570
Incorporated2009-04-15
Register statusActive
Officers on the register4

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Portfolio

Disclosed holdings

Companies Notion Capital lists on its own website. No investment years are published.

CompanyInvestedYears heldRecorded transaction
Acin
Adbrain
Adfenix
Aikido Security
Apperio
Arqit
Aslan
Atmio
Avrios
Black Forest Labs
Bound
Brightpearl
Bryter
Caeli Wind
Claimsforce
Cledara
Cobee
Cogna
Currencycloud
Cyscale
DataOps
Dealflo
Demyst
Dex
Digital Mirror
Dixa
Duedil
Easol
Element
Elevaate
Endra
Ferovinum
Fiberplane
Figment
FiveAI
Flip
Forest
Futrli
Glofox
Glow
GoCardless
GoodFit
Griffin
Harbor Lab
Hazy
HeyJobs
Hokodo
Idio
Included VC
Interactio
Isembard
KisanHub
Kraken Technology Group
LandVault
LegalFly
Localz
Loop Email
M3ter
Mews
Mojn
Mya
Naboo
Nelly
NewVoiceMedia
Novatiq
OpenTrade
Origin Benefits
Orus
Outverse
Paddle
Panaseer
Pivot
Principles of Pricing
ProFinda
Protex AI
Quantum Systems
Resistant AI
Scoota
Scortex
Shutl
Smartup
Stable
Star
StatusToday
TERN
TechWolf
TestGorilla
Topia
Tradeshift
Treefera
Triptease
Trustev
Umony
Unbabel
Upciti
Upvest
Vev
Virtualstock
Vizolution
Volo
Vortexa
Wercker
Workable
Yulife

Compiled from Notion Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other venture capital investors active in software & internet.