In a moment of uncertainty, Mr. Kothari said, “financing is a signal of stability, which is important for us.”
So they called Sarah Cannon, an investor at Index Ventures who had been courting Notion for over a year. “When the world changed, they changed their mind,” she said.
Notion is emblematic of the kind of technology start-up that may be in a position to survive the shakeout in Silicon Valley. Its tools help office workers, now quarantined in their homes, work together more seamlessly. Notion is also profitable.
Before the most recent funding, Notion, which was founded in 2013, had raised $17 million. The company declined to disclose its revenue, but said it had made money since 2018.
Article source: https://www.nytimes.com/2020/04/01/technology/notion-startup-fund-raising.html