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Notion Capital closes oversubscribed fifth fund at €300m hard cap

Notion Capital, a European early-stage venture capital investor focused on the business software and fintech sectors, has held the final close of its new oversubscribed Notion Capital V fund at its €300m hard cap. 

Notion Capital (Notion), a European early-stage venture investor focused on the business software and fintech sectors, has held the final close of its new oversubscribed Notion Capital V fund (Notion V) at its €300m hard cap. 
  
The fund, which held its first close last year, has already made several investments including Bound, DataOps, M3ter and Resistant AI. Notion expects to make around 20 core Series A+ investments in total from the fund. 

Unlike Notion’s predecessor vehicles, fund V is Euro denominated and Luxembourg-based, reflecting the firm’s increasingly pan-European focus, although it will follow the same investment strategy.
 
Commitments to the new fund came from sovereign wealth funds, endowments, fund of funds, pension funds, family offices and high net worth individuals from across Europe, MENA and the United States – as well as numerous founders from Notion portfolio companies. New investors include Cortes Capital LLC, KfW Capital, Shelby County Tennessee Retirement System and TNO Pension Funds, while British Patient Capital, Novo Holdings and RSJ are among the returning Notion Capital LPs.

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