Notion Capital closes Growth Opps III at £96m ($130m) to back European business software
This article covers Notion Capital’s £96m ($130m, €114m) Growth Opps III, a growth-stage pan-European fund focused on business software. It is led by new partner Jess Bartos alongside Stephanie Opdam to back venture portfolio winners and new external deals.
Notion Capital is a London-based European venture and growth investor specialising in business software and fintech, investing at venture and growth stages across Europe. It manages over £738m in assets and recently closed a £96m growth fund.
Notion Capital Opportunities III is a £96m growth fund ($130m, €114m) investing in European growth-stage business software and B2B SaaS companies, with emphasis on AI and fintech, managed by Notion Capital.
The fund is led by partners Jess Bartos and Stephanie Opdam, who oversee Notion Capital’s growth investing strategy.
In the announcement, Stephen Chandler, Managing Partner at Notion Capital, said:
I am delighted to announce this, our latest, growth fund. Our team has built a strong brand and reputation, and LP demand for the fund in a challenging fundraising environment is testament to this. They added that the team spans 12 nationalities providing broad market reach, that AI is driving significant innovation in the software landscape, and that while the whole team will continue to support the fund it is an important milestone to have dedicated resources focused on the growth strategy as they welcome Jess Bartos.
Growth Opps III is backed by sovereign wealth funds, fund of funds, pension funds, insurers, family offices and high net worth individuals from across Europe, MENA and the United States.
The funds will be used to back pan European business software and fintech growth stage firms, prioritising scaling SaaS businesses and AI ventures.
The firm explains that it will reinvest in leading venture portfolio companies and pursue selected external growth deals across Europe. It will provide operational support for hiring, product, go-to-market, pricing and international expansion, and use AI-driven sourcing to prioritise opportunities.
Notion Capital has invested in more than 150 European business software companies since inception, managing over £738m across venture and growth strategies. Notable investments include Currencycloud, GoCardless and Upvest, listed among its UK and German portfolio companies.
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