Overview

• Growth Opportunities III closed at $130 million, a materially larger successor that lifts Notion Capital’s assets under management above $1 billion and is based in Luxembourg.
• The fund prioritizes AI-infused software at the application layer rather than infrastructure such as large language models, extending Notion’s focus across SaaS, cloud, and fintech.
• Notion has begun deploying capital with investments in Upvest, Kraken, Nelly, Aikido, and Resistant AI, with roughly a dozen total deals expected from the fund.
• Dedicated growth leadership includes new external partner Jess Bartos, formerly of Salesforce Ventures, working alongside partner Stephanie Opdam on sourcing and follow-ons.
• The strategy pairs follow-on support for existing winners with selective external growth-stage deals and seeks opportunities tied to European sovereignty including defense and supply chain logistics, leveraging a broad LP base across Europe, the UK, MENA, and the US.