Notion Capital raises $130M growth fund to tackle Europe’s follow-on gap

Notion Capital, a London-based venture capital firm, has raised a $130 million growth fund to address the "follow-on gap" in Europe's technology ecosystem. This new fund is nearly twice the size of the firm's previous $70 million fund, reflecting the increasing demand for growth-stage investments in the region. The fund will focus on supporting European startups that have already established a strong customer base and are ready to scale their businesses. Notion Capital plans to invest in a range of sectors, including enterprise software, fintech, and cybersecurity, with a particular emphasis on companies that have demonstrated strong unit economics and a clear path to profitability. The firm's co-founders, Ben and Jos White, believe that the new fund will play a crucial role in bridging the gap between early-stage and late-stage funding in Europe, which has historically lagged behind the United States in terms of access to growth-stage capital. The fund's closing comes at a time when the European tech ecosystem is experiencing a surge in investment activity, driven by the rapid digitization of industries and the emergence of a new generation of successful entrepreneurs.