United Kingdom · Investor

Notion Capital

Last cheque observed Oct 2026; 202 cheques on record.

Deploying nowNew fund $336M, Mar 2026VC firm

Pre-seedSeedSeries AMiddlewareCloud ComputingCloud Infrastructure

Deploying now
57%of best year23cheques in 12 months, 202 on record
Since the last cheque3days00hrs00min00sec
Median round$9.2MCheque size, as they say$10M – $10MRounds led10 of 202Sole investor19 roundsExits2 from the portfolioMostly inUnited Kingdom, 46%
Pitch Notion Capital

Notion Capital highlights

  1. 01

    23 cheques in the last 12 months

  2. 02

    Mostly Series A and Seed: 59% of its rounds

  3. 03

    Sole investor in 19 rounds, median $2.5M

  4. 04

    2 exits from the portfolio

What they do

Type
VC firm (from a list, unverified)
Cheque size
$10M – $10M as they say
Stages
Pre-seedSeedSeries ASeries BGrowth
Sectors
MiddlewareCloud ComputingCloud Infrastructure
Based in
London, United Kingdom
Cold pitches
Not stated

The record

Every round we can evidence, newest first202 appearances

  1. 2026

    20 rounds

  2. Oct
    EasolSeries A · GB · Digital Music News$30MWith 6 others
  3. Oct
    Enact IntelligencePre-seed · CH · Google News search$30MWith 11 others
  4. Oct
    ScarletSeries B · GB · Tech.eu$50MWith 5 others
  5. Aug
    Twin1 AISeed · US · TechStartups$20MWith 19 others
  6. Aug
    Kraken TechnologySeries B · GB · Ventureburn$175MWith 13 others
  7. Aug
    FlipVenture · US$25MWith 3 others
  8. Jun
    EndraSeries A · SE · Ventureburn$50MWith 2 others
  9. May
    PivotSeries B · Ventureburn$40MLed
  10. May
    OpenTradeSeries A · US · Ventureburn$17MLed
  11. Apr
    DexSeed · US$5.3MWith 3 others
  12. Apr
    VortexaDebt · GB$50MWith 5 others
  13. Mar
    OriginSeries A · GB · Ventureburn$30MLed
  14. Mar
    IsembardSeries A · GB · Ventureburn$50MWith 7 others
  15. Mar
    KeithSeed · GB$2.7MWith 2 others
  16. Mar
    NodeShiftVenture · USUndisclosedWith 2 others
  17. Feb
    NabooSeries B · FR · Ventureburn$70MWith 5 others
  18. Feb
    IncardSeries A · GB · Smartfin$13MWith 4 others
  19. Feb
    BoundSeries A · GB$25MWith 4 others
  20. Feb
    RefuteSeed · GB$6.8MWith 2 others
  21. Jan
    AikidoSeries B · BE · TechStartups$60MWith 4 others
  22. 2025

    39 rounds

  23. Dec
    EndraSeed · SE · Firms' own news pages$20MWith 1 other
  24. Nov
    Quantum SystemsSeries C · DE · Silicon Canals$208MWith 3 others
  25. Nov
    FalkinPre-seed · GB$2.0MWith 3 others
  26. Oct
    findIQSeed · DE · Silicon Canals$4.0MWith 1 other
  27. Oct
    EwakePre-seed · FR$2.3MWith 3 others
  28. Oct
    UpcitiSeries A · FR$20MWith 4 others
  29. Oct
    Resistant AISeries B · CZ$25MWith 3 others
  30. Sept
    GoodFitSeries A · GB · Silicon Canals$13MLed
  31. Sept
    TERN GroupSeries A · GB · RTP Global$24MWith 4 others
  32. Sept
    RemunerSeed · ES$6.5MWith 4 others
  33. Sept
    MiruPre-seed · US$2.7MWith 4 others
  34. Sept
    UmonySeries A · GB$15MWith 3 others
  35. Aug
    GigPigVenture · GBUndisclosedWith 1 other
  36. Aug
    UnboxPre-seed · BE$1.6MWith 1 other
  37. Jul
    InternxtSeed · ES$3.8MWith 3 others
  38. Jul
    ZangoSeed · GB$4.8MWith 3 others
  39. Jul
    PaddleDebt · GB$25MWith 4 others
  40. Jun
    OrusSeries B · FR$29MWith 3 others
  41. Jun
    TreeferaSeries B · GB · Firms' own news pages$30MWith 5 others
  42. Jun
    DiggerSeed · US$3.6MWith 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration11 named

CTChris TottmanExecutive OfficeriFiling they signed
CEChristopher Edward TottmanExecutive Officer, DirectoriFiling they signedsince 2009
ILIan Leathley MilbournExecutive Officer, DirectoriFiling they signedsince 2009
IDItxaso del PalacioExecutive OfficeriFiling they signed
IDItxaso Del Palacio AguirreMemberiForm ADV
JCJocelyn Christopher WhiteExecutive Officer, DirectoriFiling they signedsince 2009
JWJos WhiteExecutive OfficeriFiling they signed
PNPatrick NorrisExecutive Officer, DirectoriFiling they signed
SCStephen Charles ChandlerExecutive Officer, DirectoriFiling they signedsince 2009
WPWilliam Patrick Gareth NorrisMemberiForm ADV
BVBenjamin Vincent St John WhitedirectoriCompany registersince 2009

We also hold 39 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$1.6Bgross assets of its fundsOct 2026
6+funds on filenumbered funds in its name
Exemptreporting adviserventure or small private funds
Legal name
Notion Capital Managers LLP
SEC number
CRD 301084
Companies House
06877570, since 2009

Who backs their funds

1 LP on record in Notion Capital's funds

Funds
1

The institutions that put money into its funds, which the firm then invests in companies.Source: an LP list.

What they claim to have backed

From their own portfolio page (on their website)

1 of 3 we have independently watched raise

MewsIncluded VCPrinciples of Pricing

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Exits from the portfolio

Companies it backed that were later bought or listed2 in all

ConcentraBought by Select Medical$1.1BMar 2015
ShutlBought by eBayUndisclosedOct 2013

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as Notion Capital. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies Notion Capital put money into.

Quick answers about Notion Capital

What does Notion Capital invest in?

Notion Capital invests most often at Series A and Seed (59% of the rounds on record), in sectors such as Middleware, Cloud Computing and Cloud Infrastructure.

How active is Notion Capital?

202 investments on record, 23 of them in the last 12 months, and it led 10. The most recent was in Oct 2026.

What has Notion Capital invested in recently?

Its most recent investments on record: Easol (Series A, Oct 2026), Enact Intelligence (Pre-seed, Oct 2026) and Scarlet (Series B, Oct 2026).

How big are Notion Capital's cheques?

The median round it joins is $9.2M. It says it writes cheques of $10M to $10M.

Does Notion Capital lead rounds?

Sometimes: it led 10 of its 202 investments on record (5%).

Where does Notion Capital invest?

Most of the companies it backs are in the United Kingdom (46%), the United States (18%) and France (10%).

Is Notion Capital investing now?

Yes: it is actively investing, with 23 investments in the last 12 months.

Who does Notion Capital invest alongside?

Most often Seedcamp (10 rounds together), Anthemis (7 rounds together) and Balderton Capital (7 rounds together).

Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it