Notion is now worth an estimated $10 billion, up from its last valuation of $2 billion in April 2020 after seeing its active users surge from 4 million to 20 million as people transitioned to remote work during the outbreak of the COVID-19 virus.
The startup has raised $275 million in a new funding round led by Coatue Management and Sequoia, with participation from Base10 Partners, reports Forbes, and it still has most of the $50 million it raised in 2020, so it’s well positioned to scale.
This news comes a month after Notion acquired Automate.io, an startup that connects Notion to more than 200 services, to accelerate adoption of the Notion API across its user base, offering them a convenient way to connect their Workspace to other tools.
Notion users can use Automate to connect their Workspace to Slack, Gmail, Salesforce, Microsoft Office 365, Dropbox, QuickBooks and a host of other services, setting up all sorts of relationships and automations to pass information between services.
With around $325 million in the bank, it’s safe to assume more acquisitions are on the way, as Notion continues to invest on improving its platform. We can also expect to see some new hires to bolster its current offerings with new features.