GIC, Sequoia, Index purchase Notion shares in private tender offer

Summary

Notion held a private tender offer in which GIC, Sequoia Capital, and Index Ventures purchased about $270 million of shares directly from current and former employees at an $11 billion valuation. GIC is a new investor, while Sequoia and Index are returning investors; Notion says GIC’s long-term outlook and experience supporting growth in APAC and globally aligned with its future plans, including its Singapore office and regional presence in Tokyo, Seoul, and Sydney. The company says its growth accelerated in 2025 alongside AI adoption: more than 50% of ARR came from AI-enabled customers at the end of last year, and that percentage more than doubled over the last year. To broaden participation, Notion removed the one-year vesting cliff on options for current employees, providing financial liquidity to more Notinos and their families.

Takeaways

1. 1

   The tender totaled around $270 million at an $11 billion valuation, with investors purchasing shares directly from current and former Notion employees.

2. 2

   GIC joined Sequoia Capital and Index Ventures as an investor; Notion cited GIC’s long-term perspective and experience supporting growth in APAC and globally.

3. 3

   Notion removed the one-year vesting cliff on options for current employees, allowing almost every Notino to participate in the tender offer.