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London-based Notion Capital has raised its fifth and largest fund to date. The software-as-a-service investor has brought in $327 million from new and existing LPs. Notion has backed companies like fintech unicorn GoCardless and Currencycloud. London-based investor Notion Capital has raised 300 million euros (around $327 million) for its fifth fund. The fund focuses on software-as-a-service and fintech companies in the UK and Europe with its latest fund domiciled in Luxembourg and denominated in euros.
Persons: GoCardless, Stephen Chandler, we're, didn't, Chandler, Itxaso del Palacio, Stephanie Opdam, Kamil Mieczakowski Organizations: BlackRock, Visa, Tiger Global, Patient Capital, Novo Holdings, Cortes Capital, KfW, Itxaso Locations: Currencycloud, London, Europe, Luxembourg, Shelby County Tennessee, Upvest, Germany
AI startups raised $60 billion last year and investors have continued to pile in on the tech in 2023. Below are 20 pitch decks used by European startups deploying AI in everything from health to property. V7Generative AI, media, and designThis startup uses generative AI to speed up the property-buying process. This AI startup helps Big Tech firms compress videos while maintaining quality. This AI startup helps firms like TrueLayer and CurrencyCloud meet their revenue targets.
Persons: Sam Altman, Elon Musk, Andreessen Horowitz, Nat Friedman, Alberto Rizzoli, Simon Edwardsson, Iris Organizations: Morning, Investment, Venture, Insight Partners, Ventures, Google, Creative Fabrica, Big Tech, Health, Microsoft, Enterprise, Ikea, Twitter, CurrencyCloud Locations: Temasek
See 16 pitch decks used by AI founders using the tech in everything from health to fintech. V7Generative AI, media, and designSupernormal, a generative AI startup that automates meeting notes, just raised $10 million. This AI startup helps Big Tech firms compress videos while maintaining quality. These 3 founders are using AI to analyze patients' biological profiles and recommend drugs. This AI startup helps firms like TrueLayer and CurrencyCloud meet their revenue targets.
British fintech startup Griffin has secured a banking license after a years-long process. The Prudential Regulation Authority (PRA) has approved the startup, subject to restrictions. Banking-as-a-service startup Griffin has become the latest fintech to land a UK banking license with restrictions after a years-long process. Securing a UK banking license is no mean feat. Neobanks like Revolut, founded in 2015, haven't yet managed to get a UK banking license with stringent processes in place, with Jarvis suggesting that the application process isn't something "you can just throw money at."
European venture capital fund Notion Capital is set to raise its fifth fund, Insider understands. The London-based investor has secured around $300 million in commitments so far, sources say. European venture capital firm Notion Capital, which has backed companies like Currencycloud and GoCardless, is set to raise its fifth fund, sources say. Notion filed for its fifth fund in Luxembourg in February 2022. The fifth fund's commitments came in sizable chunks from LPs last year with around $200 million raised over the course of 2022, one London-based source said.
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