At a Glance
Addition emerged from the departure of Lee Fixel from Tiger Global Management in 2019, representing one of the most significant talent migrations in venture capital that year. Fixel, who had been a key architect of Tiger's technology investment strategy for over a decade, launched Addition in 2020 with a clear mandate to back high-growth technology companies at the Series A and growth stages. The firm quickly established itself as a major player in the venture ecosystem, raising substantial capital and competing aggressively for deals in hot sectors including enterprise software, fintech, and artificial intelligence. Addition's investment approach mirrors many of the strategies Fixel refined at Tiger Global, emphasizing rapid decision-making, significant check sizes, and backing companies with strong unit economics and clear paths to market leadership. The firm has deployed capital across both public and private markets, though its primary focus remains on late-stage private companies. Notable portfolio companies include several unicorns and high-growth startups, though the firm maintains a relatively low public profile compared to some peers. Addition's New York headquarters positions it strategically within the broader Tiger Global ecosystem and the city's growing venture capital community. The firm's investment philosophy centers on identifying companies with exceptional founders, large addressable markets, and sustainable competitive advantages. Unlike traditional venture firms that may take board seats and provide extensive operational support, Addition typically operates with a more streamlined approach, offering capital and strategic guidance while allowing management teams significant autonomy. This model has proven attractive to entrepreneurs seeking growth capital without extensive governance overhead. The firm's rapid scaling and substantial assets under management reflect both Fixel's reputation in the market and the broader trend toward larger fund sizes in venture capital. Addition competes directly with other growth-stage investors including General Atlantic, Insight Partners, and its former parent Tiger Global, often participating in highly competitive late-stage rounds.
“Makes concentrated, high-conviction investments in exceptional technology companies at the growth stage.”
Lee Fixel serves as Addition's founder and managing partner, bringing over a decade of experience from Tiger Global Management where he led investments in companies including Facebook, LinkedIn, and Flipkart. His track record spans both public and private technology investments, with particular expertise in identifying scalable business models and timing market opportunities. The firm has built a lean investment team focused on deal execution and portfolio support, though specific details about other senior team members remain relatively private. Addition's investment professionals bring experience from leading technology companies and investment firms, contributing sector expertise in enterprise software, consumer internet, and financial technology.
Addition launched in 2020 with significant initial capital commitments, rapidly scaling to approximately $3 billion in assets under management. The firm's fundraising success reflects strong institutional investor confidence in Lee Fixel's investment track record and Addition's strategic positioning in the growth-stage venture market. While specific fund performance data remains private, the firm's ability to attract substantial follow-on capital indicates solid early returns and continued investor support for its investment strategy.
Addition primarily invests at the Series A, Series B+ stages. This means they focus on companies that are scaling their go-to-market after proving product-market fit.
Addition is headquartered in New York, NY. Many of their portfolio companies are also based in this region, though they invest across geographies.
Addition focuses on investments in Enterprise, Consumer, Fintech, AI, SaaS. Their portfolio reflects deep expertise and networks within these sectors.
Addition's typical investment check size ranges from $10M to $200M. Actual amounts may vary based on the stage, sector, and specific opportunity.
Addition manages approximately $3B in assets under management (AUM) across their funds.
