Notion Capital
// PORTFOLIO INTELLIGENCE
// COMPANIES TRACKED
5
// PORTFOLIO VALUATION (TRACKED)
$11.7B
Combined current valuation of portfolio companies in WOWLS database — not fund AUM or capital deployed
// SECTORS COVERED
8
// THREAT LEVEL DISTRIBUTION
- ARMED3 · 60%
- TERMINAL HYPE2 · 40%
Based on 5 enriched portfolio companies
// FULL NETWORK ACCESS
Don't just track Notion Capital.
Master the entire 2,033-investor intelligence network.
Stop analyzing one fund at a time. Instantly filter every VC, angel investor, and corporate fund by sector, stage, and portfolio performance. Find every fund backing your specific market vertical. See which investors have the best and worst track records — ranked by WOWL hit rate and miss rate across 1,032 unicorn companies.
2,033 investors tracked · 1,032 portfolio companies assessed
Acquire Intel →// 5 TIERS · PAYPAL SECURED
// NOTABLE INVESTMENTS
// PORTFOLIO COMPANIES
5 companies · $11.7B combined valuation
| COMPANY | SECTOR | VALUATION | ROUND | YEAR | THREAT |
|---|---|---|---|---|---|
| MessageBird | cpaas | $3B | SEED | 2013 | TERMINAL HYPE |
| Tradeshift | fintech | $2.7B | SERIES_A | 2011 | TERMINAL HYPE |
| Mews | hospitality tech | $2.5B | SERIES_A | 2017 | ARMED |
| GoCardless | fintech | $2.1B | SERIES_B | 2014 | ARMED |
| Paddle | fintech | $1.4B | SERIES_A | 2017 | ARMED |
// RECENT ACTIVITY
- MewsSERIES_D2024$185MCO-INVESTORS
- PaddleSERIES_D2022$200MCO-INVESTORS
- MewsSERIES_C2021$110MCO-INVESTORS
- GoCardlessSERIES_E2020$95MCO-INVESTORS
- MewsSERIES_B2019$33MCO-INVESTORS
// WOWL ASSESSMENT
Notion Capital is a London-based VC fund targeting European B2B SaaS companies, with a portfolio concentrated in fintech infrastructure and vertical software. The fund backs companies like GoCardless and Paddle that solve real problems in payments and billing, but also holds MessageBird and Tradeshift — two valuation peaks from the 2021 bubble that have yet to prove their marks. Zero exits in the WOWLS database and 40% miss rate indicate a portfolio caught between legitimate infrastructure bets and terminal-hype exposure.
The portfolio includes three ARMED companies — GoCardless, Paddle, and Mews — demonstrating Notion's ability to pick companies solving real problems. But MessageBird and Tradeshift are both TERMINAL HYPE, carrying combined valuations of $5.7B with no clear path to justify their marks. GoCardless has built a legitimate direct debit network across Europe, while Paddle has carved out a niche in SaaS billing infrastructure. The portfolio's concentration in fintech infrastructure is a bet on financial services unbundling, but the lack of exits and zero hit rate in the WOWLS database reveal a fund still waiting for validation.
// THREAT LEVEL: ARMED
VERDICT: European SaaS specialist with real picks and bubble scars in equal measure.
// WHY WOWLS WATCHES
The portfolio's mix of legitimate infrastructure companies and terminal-hype unicorns makes Notion a test case for whether 2021 European SaaS valuations can be justified. If GoCardless and Paddle exit strong while MessageBird and Tradeshift mark down, the fund proves its picking ability — if the terminal-hype companies drag down the winners, Notion becomes a cautionary tale.
// SIMILAR FUNDS
// PACK DEBATE
// PACK DEBATE — be the first to weigh in
Google account required — no spam, no nonsense
// LOADING INTEL…
// INTELLIGENCE PENDING
// INTELLIGENCE DISCLAIMER: Fund assessments represent editorial opinion based on publicly available data. Portfolio coverage reflects companies tracked in the WOWLS database and may not represent complete investment history. Hit and miss rates are calculated from tracked portfolio companies only. Not financial or investment advice.
// ENGAGE THE FULL ARSENAL
Done reading on Notion Capital?
Unlock the entire 1,032-company hitlist and 2,033 investor contacts.
Full portfolio breakdowns. Founder dossiers. VC outreach data. Threat level intel updated continuously.
→ Deploy 5-Tier Order Form// ARBAN · ZUUN · MINGHAN · TUMEN · KHAN