PANews reported on January 28 that productivity app Notion announced the completion of a private equity acquisition offer totaling approximately $270 million, valuing the company at $11 billion, according to its official blog. New investor GIC, Singapore's sovereign wealth fund, participated in the transaction alongside existing investors Sequoia Capital and Index Ventures, directly purchasing shares from current and former employees.
The company stated that the acquisition aims to provide employees with financial liquidity to support their long-term development and life plans. To this end, the company specifically eliminated the one-year vesting period for employee stock options, allowing almost all employees to participate. Notion's growth is accelerating in 2025 due to the adoption of AI capabilities, with over 50% of its annual recurring revenue coming from AI customers by year-end, a proportion that has doubled in the past year. The company recently opened an office in Singapore to support its rapid growth in the Asia-Pacific region.
