Notion

Business/Productivity Software · San Francisco, CA · Founded 2016 · Privately Held (backing)

Private company tracked via secondary market transactions Notion is based in San Francisco, CA and was founded in 2016. It was valued at $11 billion at a private secondary transaction in Jan 2026, the last priced event on record. It has raised $343 million across 10 recorded rounds; the latest was a $270 million private secondary transaction in Jan 2026.

PMV mark · valuation
$11.0B
Oct 2026
Priced at
a private secondary transaction
Jan 2026
Total raised
$343.4M
Last round
Secondary Transaction - Private
Jan 2026

Capitalization table

6 share classes, by liquidation seniority
ClassLiq. prefIssue price
Seed-1▮▮
Seed-2▮▮
Seed-3▮▮
Seed-4▮▮
Seed-5▮▮
Seed-6▮▮
Preferences, participation and issue prices are Pro.Unlock preferences + participation

Membership and data by Private Market View

Pro
The prices on Notion
  • ·Every dated print: 2 trades with prices and structures
  • ·Direct lines for 8 people on the team
Pro · $99 a month
List $299 · founding price, locked for as long as you stay

Membership and data by Private Market View

Reading Notion's cap table

Share classes are listed senior-first: in a sale or liquidation, higher-seniority preferred stock is paid its liquidation preference before junior classes and common see proceeds. A participating class takes its preference and shares in the remainder; a non-participating class chooses one or the other.

The original issue price is what investors paid per share in that class’s round — read against current secondary prices, it shows which investors are above or below water.

Frequently asked about Notion

How many share classes does Notion have?
Notion has 6 recorded share classes, listed by liquidation seniority — Seed-1 is the most senior.
How many shares has Notion authorized?
Across its 6 recorded classes, Notion has authorized 39,142,640 shares.
Where does Notion's cap table come from?
Share classes are assembled from certificates of incorporation, priced-round filings, and disclosures across Notion's 10 recorded funding rounds.