Notion Capital, the London VC firm that 'likes B2B', has completed the first close of its third fund at $120 million (target: $150 million). The investment firm says it will continue backing emerging European cloud computing and SaaS companies, and that it is now effectively the largest fund in Europe dedicated to that category with more than $300 million in total funds under management.
You may remember that Chrys Chrysanthou recently moved from Accel Partners to Notion - he is now moving to a full-time role for its third fund as a principal in the investment team. Adam Shepherd and Dan O’Toole have also joined as associates.
Notion's portfolio includes the likes of NewVoiceMedia, Tradeshift, Currency Cloud, Duedil and MOVE Guides. Its new fund is backed by existing and new investors at multiple institutions as well as family offices and high net worth individuals, the European Investment Fund and British Business Bank.