Workplace software firm Notion has completed a private tender offer worth about US$270 million, valuing the company at roughly US$11 billion, as it sharpens its focus on artificial intelligence (AI) and expansion in Asia-Pacific.

The tender offer, held over the past quarter, allows current and former employees to sell shares directly to investors. Existing backers Sequoia Capital and Index Ventures increased their stakes, while Singapore sovereign wealth fund GIC joined as a new investor.

The transaction did not involve the issuance of new shares, and Notion said proceeds went entirely to employees who chose to participate.

AI adoption lifts Notion growth

Notion said its growth accelerated in 2025, driven by the adoption of AI features across its platform. By the end of last year, more than half of its annual recurring revenue (ARR) came from customers using AI-enabled products, a share that more than doubled over the previous 12 months.

The company positions its AI tools as embedded productivity features rather than standalone products, targeting individuals, teams and enterprises building customised workflows.

“2025 was the best year yet for Notion,” the company said, adding that new AI-powered products, including custom agents, are planned for 2026.

Asia-Pacific expansion and Singapore focus

The growth has been global, with particular momentum in the Asia-Pacific region. Notion recently opened a new office in Singapore, adding to its regional presence in Tokyo, Seoul and Sydney.

Notion said GIC’s long-term investment approach and experience supporting companies in Asia-Pacific were key factors behind the partnership. The company described GIC as an investor that “thinks in decades, not quarters”.

Employee liquidity and talent retention

The tender offer was also framed as a move to provide financial liquidity for employees, referred to internally as “Notinos”. Notion said it removed the traditional one-year vesting cliff on employee stock options, allowing nearly all staff — including recent hires — to take part.

The company said the move was intended to support employee retention while continuing to scale globally.

Notion said it will continue to invest in AI-driven product development and regional expansion in 2026, with a focus on building tools for individuals and businesses while deepening its presence in Asia-Pacific.