Macfarlanes has advised venture capital firm Notion Capital on the closing of Notion Capital Opportunities III SCSp, the third fund in its opportunistic series, which has successfully closed with commitments of $130m (€114m).
Notion Capital is a European venture and growth investor with more than $1bn under management. This latest growth fund is $130m (€114m), 50% larger than its predecessor and sits alongside Notion's 5th venture fund (€300m). The fund will focus on growth-stage business software companies, including those operating in SaaS, fintech, and artificial intelligence.
It continues Notion Capital's established strategy of investing in growth-stage technology companies across Europe, the US and the UK. Notion Capital is recognised for its deep expertise in business software and technology, having built a strong track record of supporting more than 150 companies across these regions. with a value-added approach and sector focus have enabled it to back a diverse portfolio of high-growth businesses.
Investors in the new fund include sovereign wealth funds, fund of funds, pension funds, insurers, family offices, and high net worth individuals from across Europe, MENA, and the United States.
The Macfarlanes team was led by Private Funds partner Harriet Miller and Senior Advisor Stephen Robinson alongside associates Aniqa Mortuza and Oliver Vercoe. Tax advice was provided by partner Alicia Osei and associate Sam Pettinger-Harte.