![]() ![]() Also, we've been transparent with LPs on how we run our business and didn't get ahead of ourselves in terms of deploying capital too quickly." "It went well for us because we're an established firm that has been building relationships over a number of years and has a strong track record and metrics. "We were apprehensive about the market and have seen a lot of firms scaling back their target funds," Stephen Chandler, Notion Capital's cofounder and managing partner, told Insider. Notion's fundraising effort confirms earlier reporting by Insider and comes at a time when a number of notable funds such as Tiger Global and TCV have struggled to bring in new cash from LPs. The fund focuses on software-as-a-service and fintech companies in the UK and Europe with its latest fund domiciled in Luxembourg and denominated in euros. The venture capital firm, founded in 2009, is best known for backing GoCardless, a $2.1 billion fintech that counts BlackRock and Permira among its other investors, and cross-border payment startup Currencycloud, which was ultimately acquired by Visa for around $925 million in 2021. London-based investor Notion Capital has raised 300 million euros (around $327 million) for its fifth fund. Notion has backed companies like fintech unicorn GoCardless and Currencycloud. ![]() The software-as-a-service investor has brought in $327 million from new and existing LPs.London-based Notion Capital has raised its fifth and largest fund to date.Account icon An icon in the shape of a person's head and shoulders. ![]()
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