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Notion Capital raises $150M for 4th venture fund

Notion Capital Partners LLP raised $150 million for its fourth venture fund, Reuters reported.

The fund targets European startups offering software as a service.

Backers of the fund include British Patient Capital, Texas A&M University Endowment and S Cubed Capital, as well as founders of firms including MoneySupermarket and Moonpig.

Notion Capital invests in companies that typically have $1 million in annual revenues and are seeking post-seed funding, the report said.