Lee Fixel
VCFounder & Managing Partner, Addition
Growth and early-stage investor, ex-Tiger Global head
Background
Lee Fixel is the Founder and Managing Partner of Addition, a New York-based venture capital firm he launched in 2020. He previously spent over a decade at Tiger Global Management, joining in 2006 and rising to Partner and Head of the firm's private equity business before departing in March 2019. Addition has raised four funds totaling over $5.6B: Addition One ($1.3B, 2020), Addition Two ($1.4B, 2020), Addition Three ($1.4B, 2021), and Addition Four ($1.5B, 2022). The firm allocates roughly one-third of capital to early-stage and the remainder to growth-stage investments. He has appeared on the Forbes Midas List twelve times through 2024.
Investment Thesis
Backs founder-led, technology-enabled businesses at both early and growth stages, emphasizing capital efficiency and long-term company building.
Investment Focus
Stages
Sectors
Based in: New York, USA (North America)
Notable Investments
Stripe
Global payments infrastructure
Freshworks
NASDAQ: FRSH
Hugging Face
Leading AI/ML platform
Snyk
Developer security platform
Chainalysis
Blockchain analytics
Peloton
NASDAQ: PTON; served on board
dLocal
Addition portfolio; cross-border payments for emerging markets, NASDAQ-listed
Airwallex
Addition led Series G ($330M, 2024) at $8B valuation; global business banking