equity founded 2008 2008 headquarters london england products venture capital website www.notioncapital.com notion capital is a venture capital firm based in london england investing in early stage business to business b2b software as a service saas businesses . notion was founded in 2008 by the brothers ben and jos white founders of messagelabs along with business partners stephen chandler chris tottman and ian milbourn . it has invested in high profile companies such as shutl . as of august 2015 its three funds have raised around 290 million . 1 contents 1 history 2 activities 2.1 portfolio 3 constituent companies 4 references 5 external links history edit the white brothers revealed plans to create the fund in october 2008 using around 20 million of the 100 million they made that month from the sale of messagelabs to symantec . 1 2 the brothers with partners had earlier built and sold the technology companies rbr networks eventually cisco s largest distributor in europe and then internet service provider star internet . 3 the three companies reached revenues of over us 100m a year . 2 the other founding partners in the fund stephen chandler ian milbourn and chris tottman were all former executives from those companies ; chandler being messagelabs financial director 1 as well as being an investment corporate financier at ubs ; 2 and milbourn vice president of corporate finance there . 2 tottman held positions at both messagelabs and star . 2 ben white explained 1 in the uk there are lots of good ideas and original thinking but not enough skills or funding . we don t believe there is a sizeable tech venture capital specialist in the uk . when we started uk venture capital didn t think big so we went to the us . jos white has said that the fund was inspired by messagelabs difficulty in obtaining investment . 2 the initial fund was created in the autumn of 2008 . 4 notion capital were awarded equity gap fund of the year in the investor allstars 2013 at the natural history museum in london . 5 activities edit notion capital has raised three venture funds with an approximate total value of 290 million . fund i in 2009 led to investments of almost 50 million 6 fund ii in 2012 raised around 100m . 7 8 and fund iii has raised 120 million with an ongoing target of 150 million . 9 notion only invests in software as a service saas companies 4 with a preference for business to business b2b and enterprise cloud based fast growth technology companies mostly in europe but also israel and south africa . 7 the firm invests primarily at the series a stage with an initial investment size of 1 3m . the firm also has a seed investment program that invests in earlier stage start ups typically as part of a syndicate in round sizes below 1m . it is also an investor in seedcamp the early stage mentoring and investment programme for european startups founded by index ventures partner saul klein . 10 its second fund received support from the european union through the competitiveness and innovation framework programme cip ; 11 from the united kingdom government under its enterprise capital fund ecf program ; 7 and from the european investment fund eif . 6 this was the first time the ecf and eif had been involved in supporting the same fund . 8 the new fund iii is backed by existing and new investors at multiple institutions as well as family offices and high net worth individuals including several world renowned technology entrepreneurs . it also continues to be supported by the european investment fund and british business bank . 9 in 2013 chandler along with former hewlett packard divisional chief technology officer graham york announced the launch of seedcloud a european accelerator targeting cloud computing startups in such areas as big data and machine learning . 12 portfolio edit notion has invested in 33 companies including major european exits such as shutl to ebay 8 13 and star to claranet . other investments include 14 adbrain bcsocial 15 brightpearl 7 concentra duedil 16 idio esellerpro 7 newvoicemedia 17 moveguides rockabox selfnet shopa tradeshift 18 vizolution zattikka 19 constituent companies edit notion capital is composed of several legal entities notion capital limited a limited company notion capital advisors llp a limited liability partnership notion capital partners llp a limited liability partnership incorporated on 22 april 2009 ; 20 a registered company number oc345115 . 20 notion capital partners 2 llp a limited liability partnership incorporated on 25 may 2011 ; 21 authorised and regulated by the financial conduct authority frn number 565008 ; a registered company number oc364955 . 21 references edit a b c d stafford philip 2013 10 26 . uk tech start ups get a new message . financial times . retrieved 23 november 2013 . subscription required a b c d e f doidge fleur 2008 10 28 . messagelabs brothers get 100m notion . crn . retrieved 23 november 2013 . subscription required stafford philip 9 october 2008 . messagelabs sold to symantec for 397m . financial times . a b rooney ben 2011 03 04 . messagelabs founder bets on cloud computing tech europe wsj . the wall street journal . retrieved 23 november 2013 . note source erroneously says 2009 ; other sources refer kiss jemima 2013 09 26 . investor allstars 2013 the winners list . the guardian . retrieved 23 november 2013 . a b notion capital reaches first close for fund 2 . reuters . 2012 04 17 . retrieved 23 november 2013 . a b c d e rooney ben 2012 04 17 . notion closes 100 million b2b venture fund . the wall street journal . retrieved 23 november 2013 . a b c butcher mike 2012 04 16 . euro saas startups rejoice notion capital closes 100m for its second fund . techcrunch . retrieved 23 november 2013 . cite error invalid ref tag ; name butcher defined multiple times with different content see the help page . a b england lucy 23 july 2015 . notion capital s third fund just raised 120 million to back european cloud computing saas companies . business insider . retrieved 7 august 2015 . seedcamp investments llp . pseps . the future is in the cloud . notion capital . retrieved 23 november 2013 . butcher mike 6 march 2013 . new london incubator seedcloud puts 500 000 into sentience technology aims at big data startups . techcrunch . taylor colleen 11 october 2012 . e commerce delivery startup shutl lands another 3.2 m in run up to u.s. launch . techcrunch . portfolio . notion capital . retrieved 23 november 2013 . wauters robin 16 april 2013 . social collaboration software company bcsocial raises 1.1 m from notion capital . the next web . leach anna 11 april 2013 . duedil lands 5 million funding for business data service . wall street journal . hesse jason 2010 05 07 . investing in the cloud . real business . retrieved 23 november 2013 . bradshaw tim 16 may 2011 . tradeshift in 7m fundraising . financial times . johnson bobbie 2012 04 17 . how notion will spend 100m on euro cloud startups . gigaom . retrieved 23 november 2013 . a b notion capital partners llp . companies house . retrieved 23 november 2013 . a b notion capital partners 2 llp . companies house . retrieved 23 november 2013 . external links edit official website notion capital on twitter retrieved from https en.wikipedia.org w index.php title notion capital & oldid 742509430 categories venture capital firms of the united kingdomcompanies based in londoncompanies established in 2009hidden categories pages with reference errorspages containing links to subscription only contentpages with duplicate reference names navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 4 october 2016 at 03 56 . text is available under the creative commons attribution sharealike license ; 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