Founded in 2009, and with more than $350m AUM (assets under management), Notion has made more than 50 investments in European B2B SaaS and Enterprise Tech. It’s what we know and all we do.
We announced Notion the day after MessageLabs (a company co-founded by Ben and Jos White in 2000, together with Stephen Chandler, Chris Tottman and Ian Milbourn) was acquired by Symantec for $700m, which was one of the biggest exits for the first generation of SaaS.
MessageLabs had grown from $0 to more than $150m ARR in 8 years, with 20,000 customers, 10m users and 600 employees around the world.
At the time we believed all enterprise software would move to the cloud with recurring revenue models, which would represent a huge opportunity for value creation and that we were the only team in Europe that had previously scaled a big SaaS company. This conviction led us to launch Notion as a VC focused on solely on B2B SaaS, giving us a clearly differentiated position in the market.
We are now investing out of our third venture fund and a later stage opportunities fund, enabling us to support our companies from Series A to later growth rounds. We have profiled thousands of enterprise software companies, invested in more than 50 and have doubled down on our strategy for Notion to be the investor we wish we’d had:
- Focus: Exclusively investing in B2B SaaS and Enterprise Tech, with the funds necessary to support companies from Series A to Series D;
- Team: A team of subject matter experts, all experienced in B2B and SaaS, investing in and working with enterprise tech founders, companies and experts every day; and
- Value: We have a shared ethos of value add – offering a founder unique experience and helping our companies fulfill their potential.