Notion Capital

Headed by the team behind web security company MessageLabs, venture capital fund Notion Capital backs B2B firms in the cloud and SaaS industry

Fund name: Notion Capital
Investor category:
 Venture capital
Based in:
 London and New York
Website: 
www.notioncapital.com

Description:

Launched in 2009 by brothers Ben and Jos White and Stephen Chandler – the team behind MessageLabs, which they exited to Symantec  in 2008 for £310m.

Investment criteria:

Notion Capital invests in seed and Series A funding rounds across Europe and specialises in cloud-based services and software-as-a-service (SaaS) companies. Its investment sectors extend to enterprise software, big data, communications and security as well as advertising, e-commerce enablement and financial technology. It has backed more than 20 businesses to date and has two successful exits, including entrepreneur Tom Allason’s technology platform for same-day delivery Shutl, which was exited to eBay in October 2013, and Star, which wsa acquired by Claranet. Other investee companies in its portfolio include Adbrain, Duedil, Brightpearl, MOVE Guides, Tradeshift and NewVoiceMedia. The fund looks for fast-growth companies with global ambitions that solve “big business problems”.

Size of fund:

Over $200m

Portfolio company:

In July 2012, Notion Capital led a £2m investment in cloud-based currency exchange service Currency Cloud with fund partner Jos White joining the company’s board. At the time Currency Cloud was relatively unknown but the tech company is now one of the main players in the market with $10bn of payments processed and 17% month-on-month growth. It also featured in the top 10 of the Startups 100 2014 index.

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