At a Glance
Addition is a growth-stage venture capital firm founded in 2019 by Lee Fixel, the former Tiger Global partner renowned for leading investments in companies like Flipkart and Facebook. Based in New York, Addition focuses on making concentrated, high-conviction bets on technology companies at inflection points, typically investing $50-200 million per company. Fixel's investment philosophy centers on identifying exceptional businesses with large market opportunities and strong unit economics, often taking contrarian positions when others might hesitate. The firm has quickly established itself as a premier growth investor, backing category-defining companies like Canva, Airtable, Notion, and Wiz. Addition's portfolio reflects Fixel's ability to spot transformative companies across enterprise software, consumer technology, fintech, and AI. The firm's concentrated approach and Fixel's track record of generating significant returns have made Addition one of the most sought-after growth investors in the technology ecosystem.
“Makes concentrated, high-conviction investments in exceptional technology companies at the growth stage.”
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.