TermSheet

Notion

The AI workspace for docs, wikis, projects, databases, search, and agents.

Late-stage private / growthSan Francisco, CA, USA

Who is building this.

Cumulative raised across 5 rounds, totaling $345M.

Fundraising history.

Cumulative raised$345M2013 to Oct 2021 · 5 rounds
20132016Jul 2019Apr 2020Oct 2021
  1. Seed — $2M

    2013

    First Round says it wrote the biggest check in Notion’s 2013 $2M seed round; instrument was not disclosed.

    Led by First Round Capital

    Source ↗
  2. Family loan — $150K

    2016

    Emergency $150K loan from Ivan Zhao’s mother to keep Notion afloat during the rebuild.

    Led by Ivan Zhao's mother

    Source ↗
  3. Angel round / equity offering — $18.2M

    Jul 2019

    $800M

    SEC Form D shows $18,199,697 sold in July 2019; press coverage described the financing as an angel round at about an $800M valuation.

    Investors: Daniel Gross, Elad Gil, Aydin Senkut, Ram Shriram +2

    Source ↗
  4. Growth financing — $50M

    Apr 2020

    $2B

    Index Ventures-led $50M financing that valued Notion at $2B.

    Led by Index Ventures · with Coatue Management

    Source ↗
  5. Series C — $275M

    Oct 2021

    $10B pre-money

    Coatue and Sequoia led Notion’s $275M round; Forbes reported the investment valued Notion at $10B excluding the new money.

    Led by Coatue Management, Sequoia Capital · with Base10 Partners

    Source ↗

The AI workspace for docs, wikis, projects, databases, search, and agents.

Notion helps individuals and teams organize work in one customizable workspace, combining docs, wikis, project tracking, databases, integrations, enterprise search, and AI-powered workflows. The company is based in San Francisco with offices around the world and has grown from an all-in-one productivity tool into a broader AI workspace used by startups, enterprises, creators, and knowledge workers. Official materials say Notion passed 100 million users in 2024, and its customer page highlights usage across Fortune 100 and YC-backed companies.

Press

Company links