Addition

Addition is a New York-based venture capital firm founded in 2020 by Lee Fixel, who previously led Tiger Global Management's private equity division. The firm focuses on investing in early and growth-stage technology companies, emphasizing founder-led and technology-enabled businesses. Addition's investment strategy allocates one-third of its capital to early-stage investments, with the remainder directed toward growth-stage opportunities. The firm has raised four funds to date: Addition One ($1.3 billion in 2020), Addition Two ($1.4 billion in 2020), Addition Three ($1.4 billion in 2021), and Addition Four ($1.5 billion in 2022). Notable investments include Allbirds, Freshworks, Chainalysis, Delhivery, dLocal, Hugging Face, Snyk, Warby Parker, and Zap Energy. Addition's portfolio spans various sectors, including Big Data & Analytics, Software, CloudTech, Artificial Intelligence & Machine Learning (AI/ML), Advertising (AdTech), SaaS, Developer Tools, Robotics, Consumer, InsurTech, and ClimateTech & CleanTech. The firm's geographical focus includes the United States, India, Brazil, Indonesia, Mexico, Nigeria, China, United Kingdom, Germany, France, Japan, South Korea, Canada, Australia, South Africa, Russia, Turkey, Saudi Arabia, Argentina, and Egypt. Addition's investment stages range from Pre-Seed to Pre-IPO, with typical investment sizes between $1 million and $50 million. The firm is headquartered at 65 East 55th Street, 36th Floor, New York, New York, United States.

Founder-led companies, Technology-enabled businesses, Early and growth-stage companies, Potential for significant growth, Sustainable competitive advantage, Positive societal impact