Private equity company Notion Capital has announced the close of its fifth and final FinTech fund at around €300 million (£256 million).

The London-headquartered company, which has funded companies including GoCardless, CurrencyCloud and Paddle, said the round was oversubscribed and closed at its ‘hard cap’ level.

The company attributes its success to date to its “value-added model” which assists its portfolio companies in areas such as product, go-to-market strategy, talent and pricing.

Unlike its previous funds, the company said fund five is denominated in euros and based in Luxembourg, adding that this reflects its increasingly pan-European funding focus.

Notion Capital held its first close last year and has since made several investments in FinTechs throughout Europe, noting that it expects to make around 20 core investments from the fund overall.

“Fund V is large enough to provide meaningful funding to its portfolio companies but crucially, small enough to continue to drive the true outsized venture capital returns we seek for our investors,” said Stephen Chandler, managing partner at Notion Capital. “It’s a great point in the cycle to be investing and the European technology ecosystem has proven to be resilient, innovative and highly productive.”

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