Notion Capital raises $100 million for Euro cloud companies
London’s Notion Capital just raised a $100m new fund focused on cloud computing and SaaS (software as a service) startups in Europe. The fund is expected to reach $150 million by the time it closes in the next few months.
Investments from Notion’s previous fund included on-demand business services supplier Star and “Skype for invoicing” Tradeshift, which also received seed funding from Paypal. Tradeshift is already valued at $137 million after 2 years in business. A typical investment single investment from the new fund will be in the $1-3 million range, but the fund is prepared to put up to $15 million into a single company over the course of several rounds…


Enterprises deploying cloud computing infrastructures using OpenStack now have another configuration tool at their disposal thanks to Puppet Labs. The Portland-based company unveiled one of the first OpenStack implementations suitable for enterprise-class production deployments at this week’s OpenStack Summit in San Francisco. The company’s IT automation software is aimed at system administrators, designed to help them launch and support cloud computing infrastructures.
Cloud storage service provider SpiderOak is taking on Dropbox, Box and other more established services with what it calls the first truly secure data backup and collaboration cloud for businesses.