- Online workspace company Notion recently announced it raised $50 million in funding at a $2 billion valuation
Online workspace company Notion recently announced it raised $50 million in funding at a $2 billion valuation led by Index Ventures. Launched in 2016, Notion is known for providing a workspace for your notes, tasks, projects, wikis, etc.
Due to the global pandemic and social distancing regulations, Notion has seen a surge in new customer sign-ups over the last few weeks.
Prior to this funding round, Notion only raised $10 million. Notion’s last “angel round” was at a valuation of $800 million.
Notion was able to raise the funding in about 36 hours a couple weeks ago when the COVID-19 outbreak convinced Notion founder and CEO Ivan Zhao and COO Akshay Kothari to revisit its model of not relying on much on venture capital.
Notion’s previous investors include Sequoia Capital, A.Capital Ventures, Daniel Gross (former Y Combinator partner), Elad Gil (entrepreneur), Aydin Senkut (founder of Felicis Ventures), Ram Shriram (Sherpalo Investors), Josh Kopelman (First Round Capital), and Lachy Groom (former head of Stripe Issuing). Along with Zhao, Chris Prucha, Wai Lam, and Simon Last are also founders of the company.