Singapore's sovereign wealth fund GIC has invested in Notion for the first time through a $270 million private tender offer. The deal values the AI workspace company at $11 billion.
Existing investors Sequoia Capital and Index Ventures joined GIC in purchasing shares directly from current and former Notion employees. The transaction provides liquidity to employees while bringing new institutional capital to the company.
Notion removed the one-year vesting cliff on employee options to allow nearly all staff to participate in the tender. This move comes as the company reports explosive growth in Asia-Pacific markets.
The investment follows Notion's expansion into Singapore with a regional office opened in mid-2025. GIC's involvement matches Notion's push into Asian markets, where the company sees strong adoption.
"One of the reasons we're so thrilled to partner with GIC is because of their expertise in supporting growth in Asia-Pacific and across the globe," Notion said in a statement.
The company cited GIC's long-term investment horizon as a key factor.
Notion's AI-powered features now drive more than 50% of annual recurring revenue, according to company data. That percentage more than doubled over the past year as customers adopt AI-enhanced workspace tools.
The $11 billion valuation represents a slight increase from Notion's 2022 tender offer at $10 billion. The company raised $275 million at a $10 billion valuation in its 2021 Series C round.
Notion recently expanded its language support to include Arabic, marking its first major product investment in the Middle East. The platform now serves over 100 million users worldwide across 21 languages.
The tender offer provides employee liquidity without requiring a traditional IPO. Secondary share sales have become increasingly common among late-stage startups seeking to retain talent while delaying public listings.
Notion's workspace platform combines note-taking, databases, and project management into a single customizable interface. Businesses and individuals use the tool to streamline operations, goal setting, and task management.
