Notion

Notion, Maker of Collaboration Software, Raises $50 Million

While many start-ups grapple with the fallout from the pandemic, this San Francisco company raised more cash to survive. SAN FRANCISCO - The spread of the coronavirus has meant feast or famine for technology start-ups. While many are cutting staff and slashing costs as they reel from the outbreak's fallout, others have experienced a surge in demand.

www.nytimes.com

Their user numbers appear to also be growing rapidly, with Kothari telling the Times that total users have “nearly quadrupled” from one million, a figure the company released in early 2019.

With this raise, the firm has amassed $67 million in total funding, the company says. Their last raise of $10M valued them at $800 million.

Collaboration App Notion Labs Hits $800 Million Valuation in New Funding

A task-management and note-taking app maker called Notion Labs is raising $10 million at a paper valuation of $800 million in what it calls an "angel round," according to a person with knowledge of the matter. Notion is part of a crowded field of "productivity" tools designed for business use ...

www.theinformation.com

Reports

Why Notion is staying small as its valuation gets bigger

Work tools startup Notion, which recently reached a reported $800 million valuation, isn't on the verge of a big SoftBank round. In fact, COO Akshay Kothari says the startup has "never felt like if we had more money we could grow faster."

techcrunch.com