Notion Labs
Unicorn · $10.5BSan Francisco, US · Delaware corporation · 2 known investors
Notion Labs builds Notion, an all-in-one collaborative workspace for notes, wikis, databases, projects and AI agents.
Also known as Notion · Notion Labs Inc · Notion Labs, Inc.
Founders & leadership
Investors · 2
Reported raises · per SEC filings
Form D private placements$327M disclosed across 3 of 5 rounds · 2013–2021
▶$260MraisedOct 2021 · 4 investors · Other TechnologyRule 506(b)
- Huan ZhouExecutive Officer, Director
- Akshay KothariExecutive Officer
- Simon LastExecutive Officer
- Offering amount
- $275M
- Amount sold
- $260M
- First sale
- Sep 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$48.8MraisedApr 2020 · 10 investors · Other TechnologyRule 506(b)
- Simon LastExecutive Officer
- Huan ZhouExecutive Officer, Director
- Akshay KothariExecutive Officer
- Offering amount
- $50M
- Amount sold
- $48.8M
- First sale
- Mar 2020
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$18.2MraisedJul 2019 · 41 investors · Other TechnologyRule 506(b)
- Huan ZhouExecutive Officer, Director
- Akshay KothariPromoter, Executive Officer
- Simon LastExecutive Officer
- Offering amount
- $18.7M
- Amount sold
- $18.2M
- First sale
- Jul 2019
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Company profile
researched Aug 2026Notion Labs, Inc. is a San Francisco-based software company that develops Notion, a productivity and note-taking application first released in 2016. The product functions as a workspace for note-taking, knowledge management, data organization, and project and task tracking, and is available on the web and as desktop and mobile apps for Windows, macOS, Android and iOS, with localization into a range of European and Asian languages. Content in Notion is composed of "blocks" that can hold text, images, subpages and databases; databases can be rendered as tables, lists, calendars and timelines. The platform also includes kanban boards, wikis, and a library of free and paid templates.
The company has layered artificial-intelligence functionality onto the core workspace. Notion AI, released as a chatbot service in February 2023, assists with writing, summarization, tone adjustment and translation. In September 2025 Notion launched version 3.0 with an AI agent feature, and in May 2026 it introduced the Notion Developer Platform, comprising Workers (a sandboxed cloud environment for custom code), database sync from external systems such as Salesforce and Zendesk, and integration with external coding and support agents including Claude Code, Cursor, Codex and Decagon. The company reported that users had built more than one million Custom Agents since that capability launched in February 2026.
Adjacent products have included Notion Calendar, launched on 17 January 2024 as the company's first standalone app and derived from the acquired Cron calendar application, and Notion Mail, a Gmail-based email client with AI integration released in April 2025 and built largely on infrastructure and staff obtained through the Skiff acquisition. Notion announced in June 2026 that Notion Mail would be discontinued on 22 September 2026 in favor of agent-driven email workflows.
Founding story
Sources state that Notion Labs, Inc. was created as a startup in San Francisco, California, in 2013. Wikipedia lists the founders as Ivan Zhao, Akshay Kothari, Chris Prucha, Jessica Lam, Simon Last and Toby Schachman, while Preqin omits Kothari from the founder list and two secondary profiles name only Ivan Zhao and Simon Last, with Zhao as CEO. Those secondary accounts describe the founders' intent to build "LEGO-style" software that non-technical users could customize without code. The company was initially funded by a seed round of roughly $2 million and encountered financial difficulty during early development; secondary accounts state the team concluded in 2014 that it was on the wrong technology stack, let go of its four employees in 2015, relocated to Japan to focus on development, and that Zhao borrowed $150,000 from his mother to keep the company alive.
Business model
Notion operates a business-to-business software model, selling its workspace platform directly to organizations rather than through resellers, alongside free and paid individual plans. Preqin describes subscription-based services with tiered monthly or annual pricing corresponding to feature and support levels; an enterprise edition adds security controls and automated user-account provisioning for large organizations.
Revenue comes from subscription plans. A 2021 profile lists a free Personal tier (originally limited to 1,000 blocks, a cap later removed), Personal Pro at $4/month billed annually or $5/month, Team at $8/month billed annually or $10/month, and custom-priced Enterprise plans. Notion AI and other add-on capabilities sit within the same paid workspace structure.
Traction
Reported user milestones progress from 1 million users (September 2019) to 4 million (2020, per secondary profiles), 20 million (October 2021) and over 100 million users globally per Preqin. At the October 2021 round the company said its user base had grown 500% since the prior round and that its enterprise edition was growing 350% year over year. Preqin cites adoption by Fortune 100 companies and more than half of Y Combinator startups; secondary profiles state a 2022 growth rate of 240%.
Latest developments
In May 2026 Notion launched the Notion Developer Platform with Workers, external database sync and third-party agent integration, and reported more than one million user-built Custom Agents since February 2026. On 25 June 2026 the company announced it would shut down Notion Mail across web, desktop and iOS on 22 September 2026, stating that more than half of Notion Mail users already manage email through agents without opening the inbox; HIPAA-regulated users were told to transition off by 30 June 2026. Preqin reports that in July 2026 Notion AI, Inc. acquired ZeroEntropy, Inc. to integrate its AI search technology and team.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Notion is positioned as a consolidated alternative to multiple single-purpose productivity tools, competing in knowledge management and collaboration; one secondary account frames it as competing with Atlassian, and its email and calendar products were positioned against Superhuman, Fyxer and Calendly. It was valued at $10 billion in October 2021 and, per Preqin, at approximately $10.48 billion as of that profile, and was named to the Forbes AI 50 list in April 2025.
Sources emphasize customizability: a block-based, no-code structure that lets non-technical users assemble documents, databases and workflows in one environment, replacing several separate productivity tools with a single cloud workspace accessible via one sidebar index. More recently the company differentiates on embedded AI agents that can execute work inside the workspace and interoperate with external agents.
Technology
The product is built around a block-based document model in which each line or paragraph is a block that can contain text, media, subpages or databases, with database views such as tables, lists, calendars and timelines. Generative AI features provide question answering over workspace content, writing assistance, summarization and autofill. The 2026 Developer Platform adds Workers, a secure sandbox for running custom code in the cloud, live database sync from external SaaS systems, and interoperability with third-party coding and support agents.
Go-to-market
Growth has been driven largely by bottom-up, word-of-mouth adoption from a free tier and a template/creator community, layered with a paid enterprise edition targeting larger organizations. Supporting programs described in sources include a startup program launched in September 2021 offering new companies up to $500 in credit, partner arrangements with Amazon Web Services and Stripe offering user discounts of up to $1,000, and the Notion Certified accreditation program introduced in early 2022.
Individual users, small teams and enterprises across technology, finance, marketing and education. Named or described customers include IBM, Samsung, Spotify, Pixar, Cornershop, TravelPerk and Headspace; Preqin states adoption among Fortune 100 companies and more than 50% of Y Combinator startups.
Geography
Headquartered in San Francisco, California. Preqin lists availability across North America, Europe and Asia and notes plans to expand into new markets in Asia and Europe. The product is localized into 17 listed languages including French, German, Japanese, Korean, Spanish, Chinese (Simplified and Traditional), Thai, Vietnamese and Indonesian. Acquisition activity has included India-based Automate.io.
History
Notion 1.0 was released in 2016 (Wikipedia dates the release to August 2016; a secondary profile says March 2016 and cites a #1 Product Hunt ranking), followed by Windows and iOS releases in 2017 and Notion 2.0 in March 2018, at which point the company had fewer than 10 employees. Notion reached 1 million users in September 2019 and raised $50 million at a $2 billion valuation in January 2020 (reported by The New York Times in April 2020), the same year it removed the 1,000-block cap on free accounts. It acquired Automate.io in September 2021 and raised $275 million at a $10 billion valuation in October 2021 with 20 million users. Subsequent milestones include the Cron acquisition (June 2022), Notion AI (February 2023), Notion Calendar (January 2024), the Skiff acquisition (February 2024), Notion Mail (April 2025), inclusion in the Forbes AI 50 list (April 2025), Notion 3.0 with AI agents (September 2025), the Notion Developer Platform (May 2026), and the announced shutdown of Notion Mail (September 2026).
Risks & controversies
The Notion Mail shutdown requires users to manually export drafts, scheduled emails, snippets and auto-label instructions, and follows the earlier retirement of Skiff's encrypted email service and @skiff.com addresses within a year of that acquisition, with Skiff accounts not automatically migrated to Notion. Commentary notes that Notion Mail did not preserve Skiff's end-to-end encryption, and that it remains untested whether an agent-first model can handle the full complexity of professional email. Source data is also inconsistent on founder lists, founding-team size, total funding raised ($327.03M per Preqin versus $343.2M in secondary profiles) and the precise 2016 launch month.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 17
launches, deals, and filingsPer Preqin, Notion AI, Inc. acquired ZeroEntropy, Inc. to integrate its AI search technology and team into Notion's product and research efforts.
Notion said it would discontinue Notion Mail across web, desktop and iOS on 22 September 2026 in favor of agent-run email workflows; users must export drafts, scheduled emails, snippets and auto-label rules, HIPAA users were told to move off by 30 June 2026, and existing email agents continue to operate.
Introduced Workers (sandboxed cloud code execution), database sync from external sources such as Salesforce and Zendesk, and integration with external agents including Claude Code, Cursor, Codex and Decagon.
Gmail-based email client with Notion AI integration for drafting replies, scheduling meetings and searching messages, positioned against Superhuman and Fyxer.
Acquisition of the privacy-focused, end-to-end encrypted productivity and email startup Skiff, founded in 2020 by Andrew Milich and Jason Ginsberg, which had raised $14.2 million and had close to 2 million users; its infrastructure and team underpinned Notion Mail.
First standalone Notion app, offering deeper workspace integration and a Calendly-like scheduling tool.
AI chatbot and writing-assistance service made available within the workspace.
Notion acquired the calendar application Cron, which it later developed into Notion Calendar.
$275M source ↗
Launched a program giving early-stage companies up to $500 in credit and announced a partnership with Amazon Web Services and Stripe including discounts of up to $1,000 for new users.
Acquisition of the India-based integrations startup Automate.io to accelerate product expansion.
Notion removed the previous 1,000-block limit for users on its free plan.
$50M source ↗
Major product update released when the company had fewer than 10 employees.
First release of the Notion workspace app; Wikipedia dates it to August 2016 while a secondary profile says March 2016 and reports a #1 Product Hunt ranking.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
▸Research sources · 8
primary sources listed
- Notion (productivity software) - Wikipediaen.wikipedia.org · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Notion Labs do?
- Notion Labs builds Notion, an all-in-one collaborative workspace for notes, wikis, databases, projects and AI agents.
- Who founded Notion Labs?
- Notion Labs was founded by Simon Last.
- Who are Notion Labs's investors?
- Notion Labs's investors include Felicis Ventures, G Squared.
- How much funding has Notion Labs raised?
- Notion Labs has disclosed $327M raised across 3 of its 5 known rounds.
- Where is Notion Labs headquartered?
- Notion Labs is headquartered in San Francisco, US.


