Notion Capital has closed a new £97 million growth fund, Notion Capital Opportunities III, to back its strongest portfolio companies and selected external growth-stage businesses.

The fund, which has already invested in Aikido, Upvest, Resistant AI, Nelly and Kraken Technology Group, is expected to make around a dozen core investments.

The London-based venture capital firm has also announced the hire of Jess Bartos, formerly of Salesforce Ventures, as its first external partner to help drive the strategy alongside partner Stephanie Opdam.