Notion Capital raises $130M growth fund to tackle Europe’s follow-on gap
The lack of growth capital in Europe is such a persisting issue that some early-stage firms have taken the matter into their own hands. London-headquartered firm Notion Capital is one of them. In 2017, Notion Capital was one of the first in Europe to close an opportunities fund to provide its portfolio companies with follow-on capital. Now, it has closed a $130 million growth fund, nearly twice the size of its previous one, that will also invest outside of its portfolio, TechCrunch learned exclusively. U.S. VCs that used to fill the growth capital gap currently tend to focus more on their own market, said managing partner Stephen Chandler, noting that “opens up an opportunity for European firms like ourselves to make up some of that difference and be real European…
