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NOTION
Notion
Productivity software / SAAS · San Francisco, California · United States · Founded · 2013 · ≈ · 1,000 · employees

Notion Valuation: $18.5B After the Feb 2026 S-1 Filing

IPO filed

Notion was last valued at $18.5B (post-money). It comes from the S-1 Filing of Feb 2026. The company is private, so there is no listed share price.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Notion valuation · at a glance
Last valuation
$18.5B
POST-MONEY · FEB 2026
Lead investors
4
across 6 rounds
Raised across rounds
$607M
6 rounds
Date of last round
Feb 2026
closed 12 Feb 2026
Valuation history

How the Notion valuation has moved

5 valuations. The latest, $18.5B post-money, was set by the S-1 Filing in Feb 2026.

$18.5B
Apr 2019
$800M
Series A · post-money
Jan 2020
$2B
Series B · post-money
+150% vs prior valuation
Oct 2021
$10B
Series C · post-money
+400% vs prior valuation
Jan 2026
$11B
Private tender offer · tender
+10% vs prior valuation
Feb 2026
$18.5BLATEST
S-1 Filing · post-money
+68% vs prior valuation
Latest valuation
$18.5Bpost-money
Set by the S-1 Filing · 12 Feb 2026
×23.1since the $800M Series A in Apr 2019
Valuations
5
Priced rounds with a valuation
Event type
Primary round
The S-1 Filing
Undated: Seed at —.
Funding rounds

Notion rounds and the valuation each one set

6 rounds
Round
Date
Amount
Valuation
Basis
S-1 Filing LATEST
12 Feb 2026
—
$18.5B
POST-MONEY
Private tender offer
26 Jan 2026
$270M
$11B
TENDER
Series C
1 Oct 2021
$275M
$10B
POST-MONEY
Series B
1 Jan 2020
$50M
$2B
POST-MONEY
Series A
1 Apr 2019
$10M
$800M
POST-MONEY
Seed
—
$2M
—
—
Lead investors
Leads: Coatue Management, GIC, Index Ventures, Sequoia Capital.
Full funding history — Notion profile ›
What the valuation means

What the $18.5B actually measures

A private valuation is the price agreed in one transaction. The Notion valuation of $18.5B is a post-money figure from the S-1 Filing dated 12 Feb 2026 .

The valuation holds until the next priced round or secondary sale. A private company founded in 2013 with roughly 1,000 people has no daily price and no order book between rounds.

Where the $18.5B comes from
EventS-1 Filing, dated 12 Feb 2026
Basispost-money

Frequently asked questions

Who has invested in Notion?›

Lead investors for each round are in the funding timeline.

Who are Notion's competitors?›

The closest productivity software / saas peers are on the competitors page.

How can I get exposure to Notion?›

The routes section explains what is realistically available for a company at this stage.

Is Notion publicly traded?›

Not yet. Notion has filed for an IPO; until it prices, the shares do not trade publicly.

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