GIC joins Sequoia in $270m Notion employee share sale

Wealth fund finances Notion employee "cash-out" as AI revenue surges in 2025

GIC, the country’s sovereign wealth fund, has participated in a $270m private share purchase in software company Notion, joining existing investors Sequoia Capital and Index Ventures.

The transaction, executed as a private tender offer, saw GIC and existing investors buy shares directly from current and former Notion employees. It values the company at approximately $11b, according to a press release published by Notion.

Notion is known for its workspace platform that integrates notes, databases and collaboration tools. More than half of its annual recurring revenue (ARR) in 2025 came from customers using its AI-enhanced features, it said.

Notion CFO Rama Katar noted GIC for its "expertise in supporting growth in APAC and across the globe, as well as their commitment to the long term."

The sovereign wealth fund, which manages a portion of Singapore’s foreign reserves, has also recently invested in robotics and data centre infrastructure.

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