British Business Bank backs Notion Capital with 20m for new 114m growth fund
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British Business Bank backs Notion Capital with 20m for new 114m growth fund
"Opportunities III will target growth-stage companies across four high-potential sectors: * Knowledge - SaaS platforms accelerated by artificial intelligence * Money - fintech and adjacent industries * Labour - AI transforming service markets * Machines - AI interacting with and learning from the physical world These areas, the firm notes, align with Europe's growing focus on sovereign resilience strategies in cyber security, supply chain and defence technology."
"Notion's model has already supported some of the UK's most notable tech scaleups, including GoCardless, Paddle, and YuLife."
"I am delighted to announce this, our latest, growth fund. LP demand in a challenging fundraising environment is testament to the strength of our brand and reputation. We are a diverse team spanning 12 nationalities, giving us extraordinary reach and access across a market where AI is driving huge innovation."
British Business Bank committed €20 million to Notion Capital Opportunities III, a €114 million growth fund designed to supply additional capital to existing portfolio winners and select growth-stage opportunities. The fund complements Notion's flagship venture strategy and targets around a dozen core investments. Target sectors include Knowledge (AI-accelerated SaaS), Money (fintech and adjacent industries), Labour (AI transforming service markets) and Machines (AI interacting with the physical world). Areas align with Europe's growing focus on sovereign resilience in cyber security, supply chain and defence technology. Early investments include further backing for Upvest and new growth deals in Nelly and Kraken.
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