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Notion hits $2 billion valuation in new raise

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April 4, 2020

Notion hits $2 billion valuation in new raise

Notion, a startup that operates a workplace productivity platform, has been an increase in $ 50 million from Index Ventures and other investors at a$ 2 billion valuation, the company told The New York Times .

A Notion spokesperson corroborated the promote and valuation to TechCrunch.

As startups across the board begin looking at layoffs or creating at less than favorable periods, Notion had been in the unusual position of turning interested investors apart for years. With this make, the conglomerate has amassed $67 million in total funding, the company says. Their last conjure of $10 M evaluated them at $800 million.

The company’s highly customizable note-taking app countenances organization customers to create associated structures of databases and documents.

In November, COO Akshay Kothari told TechCrunch that the company was hoping not to raise outside funding again,” So far one of the things we’ve spotted is that we haven’t genuinely been constrained by money. We’ve had opportunities to raise a lot more, but we’ve never felt like if “were having” more coin we could germinate faster .”

Why Notion is staying small-time as its valuation gets bigger

What’s changed? Just the world economy. The conglomerate told the Times that this new raise should set them in a more stable position and leave them with enough funding for ” at least ” ten years. That said, the startup’s team has been extended rapidly in recent months, developing 40 percentage since November. Their user numbers seem to also be growing rapidly, with Kothari telling the Times that total users have” nearly quadrupled” from one million, a illustration the company released in early 2019.

Notion offers free and paid accountings, straddling from$ 5 to $25 billed monthly.

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