Notion

Private

Notion is a productivity and collaboration platform that combines note-taking, wikis, databases, and project management in a unified workspace.

Notionis private — you can’t buy shares. This map shows what you can buy that moves with it, and what moves against it, with dated evidence on every connection.

www.notion.soUpdated 2026-07-28research currentmethodology 2026.07.2Relationship mapping, not a recommendation.
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Decisive takeaway

Strongest public comparable: Index Ventures (via public portfolio companies or secondary funds) — strategic investor. Direct equity ownership from Series B lead investor (2020) with board representation; Index Ventures led Notion's $50M Series B funding round in April 2020 and participated in subsequent rounds through 2021 Series C ($275M at $10B valuation).

Top public-market relationships

The 3 strongest routes from the full map — free preview, evidence included.

Index Ventures (via public portfolio companies or secondary funds)

Strategic investorstockPrice could riseEquity growthevidence agingsource 2021-10-01
21conn
What it captures
Direct equity ownership from Series B lead investor (2020) with board representation; Index Ventures led Notion's $50M Series B funding round in April 2020 and participated in subsequent rounds through 2021 Series C ($275M at $10B valuation).
What it misses
Cannot trade Index Ventures directly; exposure only through secondary markets or public holdings of Index portfolio companies (limited correlation); ownership percentage and current stake size undisclosed.

Materiality: high · Confidence: high · Long term (3+ years)

View in IBKRverified 2026-07-28

Sequoia Capital (via public holdings or funds)

Strategic investorstockPrice could riseEquity growthinferredinference
12conn
What it captures
Sequoia's disclosed investment in Notion across multiple funding rounds as major venture capital shareholder and board presence.
What it misses
Sequoia's private fund structure means no direct tradable exposure; holding is one of hundreds in diversified venture portfolio.

Materiality: high · Confidence: high · Long term (3+ years)

View in IBKRverified 2026-07-28

Coatue Management (via public holdings or Coatue Opportunities funds)

Strategic investorstockPrice could riseEquity growthevidence agingsource 2021-10-01inference
10conn
What it captures
Direct equity ownership from Series C co-lead investor (October 2021, $10B valuation); Coatue invested in growth-stage round and holds material stake. Coatue has public 13F filings showing tech portfolio exposure, though Notion stake is private.
What it misses
Coatue's private investments not disclosed in 13F filings; stake percentage unknown; no direct tradeable security tied to Notion exposure alone.

Materiality: high · Confidence: high · Long term (3+ years)

View in IBKRverified 2026-07-28

18 more relationships in the full map

  • 5Diversified ETFs and exchange-traded products
  • 3Similar public companies
  • 3Suppliers and infrastructure providers
  • 2Advanced instruments
  • 2Competitors and substitutes
  • 2Real-asset and commodity exposure
  • 1Credit exposure

The full map also includes: full evidence and provenance on every route · 9 negative and hedge routes · 8 catalysts to watch · 8 what-breaks-the-thesis conditions · instrument comparisons and exports.

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These maps share public instruments with Notion — useful for comparing exposure or spotting concentration.

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Assumptions and limitations

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