Notion Capital Raises $130 Million to Fill Europe’s Growth Gap

[johnblockbuster]

London-based VC firm Notion Capital has closed a $130 million Growth Opportunities fund to back European startups needing scale-up capital — nearly twice the size of its previous growth vehicle.

With U.S. investors pulling back to focus on their home market, managing partner Stephen Chandler says there’s a chance for European funds to become “real European champions.” The fund will target companies in defense, supply-chain logistics, and other sectors tied to sovereignty, as well as AI-driven applications.

Notion won’t invest in the infrastructure layer of large language models but is betting on the application layer — software that embeds AI to change how services are delivered and consumed. The move signals confidence in Europe’s ability to produce globally competitive AI-infused businesses.

[jacson4]

Notion Capital’s $130M fund shows Europe is stepping up to fill the gap left by U.S. investors.

[EmTeam]

Targeting sovereignty-linked sectors and AI apps positions them as a strong European growth backer.