Itxaso del Palacio, formerly a partner at software provider Microsoft’s corporate venture capital unit, M12, has been appointed as an investment director at UK-based venture capital firm Notion Capital.
Del Palacio joined M12, formerly known as Microsoft Ventures, in 2017, helping to launch its UK office in London and managing its business-to-business (B2B) technology deal flow in Europe.
At M12, Del Palacio led financing rounds for, and held board positions at, background and credentials checking service OnFido, human resources software developer Beamery, language processing and translation software provider Unbabel and data anonymisation startup Hazy.
Notion Capital, which also counts Unbabel and Hazy among its portfolio companies, concentrates on enterprise technology and B2B-focused companies.
Currently investing out of its third fund, Notion’s portfolio companies include invoicing software provider Tradeshift, which achieved unicorn status in May this year, and NewVoiceMedia, the cloud-based communications platform developer recently acquired by business communications technology supplier Vonage.
Stephen Chandler, Notion Capital’s co-founder and managing partner, remarked on Notion’s website: “Itxaso is truly committed to building the best B2B tech portfolio in Europe. She brings huge passion and energy to everything she does and can run the socks off the rest of the Notion team…so I am sure she will have a profound impact on the firm.”
Prior to M12, Del Palacio was a principal at specialist merchant bank Lepe Partners, where she led investments in mobile ticket booking platform developer Festicket and transport booking service Masabi.
Photo of Itxaso del Palacio courtesy of University College London.
