Addition

Addition is a New York-based venture capital firm founded in 2020 by Lee Fixel, former head of Tiger Global Management's private equity business. It invests in early and growth-stage technology companies, with about one-third of capital allocated to early-stage deals and the rest to growth-stage. The firm has raised five funds since 2020, each ranging from $1.3 billion to $1.5 billion, backing founder-led, technology-enabled businesses across sectors including fintech, AI infrastructure, enterprise software, and consumer internet. Notable investments include Flipkart, dLocal, Satispay, Applied Intuition, Snorkel AI, Render, and Base Power, building on Fixel's earlier track record backing Spotify, Coinbase, Roblox, Peloton, Palantir, and Stripe during his Tiger Global tenure. Addition's investment approach favors identifying market leaders early and staying invested through growth stages, often leading large rounds. Its criteria emphasize technology-enabled businesses with strong founders capable of building enduring, category-defining companies.