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Notion

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Notion provides collaborative workspace software for notes, documents, databases, projects, and AI-assisted knowledge work.

sentiment mix
bull 92%bear 0%neu 8%

funding rounds

private markets
latest round
Growth
Oct 2021 | $275M
post-money valuation
$10B post-money
+400% vs 2020 round
total raised
$344M+ disclosed
1 disclosed rounds | updated 2026-07-21
round progression
Growth
Oct 2021
$275M
lead investors
  • Coatue Managementlead
  • Sequoia Capitalco
dateroundamountvaluationinvestors
Oct 2021Growth$275M$10B post-moneyCoatue Management, Sequoia Capital

signal summary

latest high-conviction thesis
GPT-4 access triggered religious-experience refounding at Notion▾

Early GPT-4 access in Cancun was a 'full body religious experience' that convinced Zhao and co-founder Simon Notion must become AI-native despite internal skepticism, leading to a painful 1.5-year agent-building slog before model improvements unlocked revenue inflection.

ivan zhaoT1Sequoia Capital2026-05-21
confidence 88 / 100impact High
key themes
  • Venture Capital80%
  • SaaS Business Models60%
  • AI Economics & Business Models60%
  • Enterprise AI Adoption60%
  • AI Agents40%

bull thesis · 12

88 / 100
  • •Notion's AI-driven growth acceleration justifies $11B tender while Airtable stagnates at 20% growth
  • •Notion reportedly at $800M ARR growing 70-80%, defying no-code AI disruption narrative
  • •Notion defies no-code bear case: reportedly $800M ARR at 70-80% growth

bear thesis · 0

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  • — none —

mentions · 13

20VCCanva Slashes Growth | Demis Hassabis & Jeff Dean: Talent Exodus at Google | Musk's $55B Terrafab2 mentions · 2▲ 0▼ 0○ · last month
0:0010:0020:0030:0040:00
TBPNSpoon = Bent, Apple vs OpenAI, Snap Rips, Ads in BMW, The Most Feared (John B. Quinn) Live3 mentions · 3▲ 0▼ 0○ · 2 months ago
0:006:0012:0018:0025:00
Sequoia CapitalNotion’s Ivan Zhao: The Refounder6 mentions · 6▲ 0▼ 0○ · 4 months ago
0:0016:0032:0048:001:05:00
itnigTodoist: medio millón de clientes, 30M ARR y cero inversión | #4231 mentions · 0▲ 0▼ 1○ · 6 months ago
0:003:007:0011:0015:00
a16zRyo Lu (Cursor): AI Turns Designers to Developers1 mentions · 1▲ 0▼ 0○ · 10 months ago
0:007:0015:0022:0030:00