2023年7月6日

当它第一次出现在现场大约十年前,资本概念准备利用多次重复的短语,“软件正在吞噬这个世界。“特别是,它是针对当时称为企业SaaS领域。几年,利用的是论文,超过100名早期公司的投资。现在进入下一个阶段,已完成的最后关闭其新€3亿(合325.6美元)的基金,其第五,收于其“硬工资帽”。事实胜于雄辩的证明吃,和概念的软件组合无疑是“吃”的世界。投资到CurrencyCloud, GoCardless,桨和Yulife在英国,HeyJobs和Upvest在德国,喵喵在捷克共和国,在西班牙、荷兰TestGorilla Cobee Unbabel在希腊的葡萄牙和可行的。基金5也已经投资了绑定,DataOps, M3ter和耐AI,风投基金预计大约20核心系列+投资总从这个基金。另外,有区别的,可能由Brexit驱动的。这种“V”概念基金欧元计价和卢森堡,这意味着它将会日益泛欧洲的重点投资。该公司还宣布三名高级促销。伙伴Itxaso德尔-帕拉西奥市成为普通合伙人和斯蒂芬妮Opdam和卡米尔Mieczakowski将搬到合作伙伴。 Del Palacio joined Notion in 2018 from M12 (Microsoft Ventures) where she was an Investment Partner, and since joining has led investments in Bound, Cledara, Cobee and Yulife, amongst others. Opdam and Mieczakowski also joined in 2018 and have led investments in DataOps and Resistant AI. But Stephen Chandler, Managing Partner at Notion Capital, believes the phrase “Entperprise SaaS” is no longer fit for purpose. He told me: “We used to really use the word SAS exclusively for the focus, but, you know, to be honest, our focus for a while has been broader than that. SaaS has evolved beyond the application layer into infrastructure, hybrid, cloud, edge computing, all of those kinds of things. But also different monetization models. It’s no longer just a case of subscription software. We’re seeing people taking a share of payments, having other embedded finance propositions, marketplaces. All of those things sit within the Notion wheelhouse. We tend to use the phrase ‘business software’ now, even though sometimes I think that’s a bit boring.” He added that “the strategy remains very much the same. We continue to focus at Series A, where our sweet spot is.” He said Notion will also put small checks into pre-seed companies “We will literally go as low as 50,000 euros into company. And then we will also come in on growth stage opportunities.” Does he see an opportunity with Generative AI? : “Where we see the opportunity within our kind of remit is more a verticalized play. In particular, where a company has proprietary data that it can leverage. We see some really interesting companies emerging from that. And also some threats I’m sure as well.” He also criticised investors who had gone big into AI startups when so much of the sector is unproven, and singled out the recent $105 million investment into Mistral: “I think there’s been a tonne of hype and when I start seeing companies doing $100 million pre-seed raises I find it a little concerning, to be honest. You sit and look at the names of the people that have invested and you think, well, actually, even if the company really nails it, you’re never gonna make any money and that really?” He thinks the “horizontal play” of Generative AI is much more the purview of Big Tech: “I think it’s going to be the big guys that lead and I also think it’s going to commoditize quite quickly.” Notion will also offer a third Opportunities Fund in 2024, putting additional growth follow-on capital into the firm’s best performing venture assets and other growth stage business software companies in Europe. Investors in the new fund include Cortes Capital LLC, KfW Capital, and TNO. Returning LPs included: British Patient Capital, Novo Holdings and RSJ.