(2019-07-19) Notions Angel Round At A800m Valuation Product Hunt

Notion’s “angel round” at a $800M valuation 😲 | Product Hunt. Back in January, we penned Notion as one of the startups to keep an eye on in 2019. We also wrote about how our community loves Notion, and reference it as an app that changed their lives. Turns out, they might have been on the nose. Last night, The Information reported that the San Francisco based startup is raising $10M, hitting a wild $800M valuation with its new funding (that it’s referring to as an ‘angel round’).

Notion first launched on Product Hunt three years ago (h/t to Naval for the hunt), and won a Golden Kitty in 2016 for Best Desktop Product.

For the 1.0 release, we are bundling real-time documents, wiki-like organization, and lightweight tasks into a unified tool that can handle pretty much all your team's knowledge needs – and this is just the beginning.

“It will totally replace all my Google Docs + Trello + Dropbox Paper + bunchofotherstuff craziness. Thank you for the great product” - Kitze

It’s worth noting that this $10M is Notion’s first major funding round, as it has historically given up very little equity in the six years since it was founded. However, the app didn’t launch publicly until 2016, and now has over a million registered users. Another thing worth noting: Zhao openly shared on Product Hunt that Notion nearly ran out of money at the time of its 1.0 launch, and thanked his mom for financial help.