News Summary
London-headquartered Notion Capital has raised a $130 million growth fund to address the persistent lack of follow-on capital in Europe, a gap historically filled by U.S. venture capitalists who are now more focapplyd on their domestic market. The Growth Opps III fund will invest both in Notion’s portfolio companies and externally, focutilizing on sectors like AI, defense, and supply chain logistics. With over $1 billion in assets under management, Notion Capital aims to build a dozen investments, already backing companies like Upvest and Octopus Energy spinoff Kraken. The fund is managed by newly appointed growth strategy leads Stephanie Opdam and Jessica Bartos, and aims to leverage Notion’s early-stage strategy to gain a competitive edge. This initiative comes amid modifying incentives for institutional capital investment in Europe, but the fund’s assets are based in Luxembourg and denominated in euros, indicating a broader geographical focus.
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