Addition

Founded 2020
Founders Lee Fixel

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 59
Average round size
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The average size of a deal this fund participated in
$57M
Portfolio companies 45
Rounds per year 59.00
Lead investments 11
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.19
Key employees Soon

Areas of investment

  • Software
  • FinTech
  • Artificial Intelligence
  • Information Technology
  • Financial Services

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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

Delhivery

E-Commerce
Freight Service
Last Mile Transportation
Logistics
Shipping
Supply Chain Management
Transportation
Warehousing
1
$72M06 Sep 2021 India, Gurugram

Branch

Collaboration
Enterprise Software
Financial Services
FinTech
Mobile
Mobile Payments
Productivity Tools
Retail Technology
Software
1
$48M17 Aug 2021 United States, Minneapolis

Jupiter

Banking
Consulting
Financial Services
Wealth Management
1
$45M05 Aug 2021 India Maharashtra Mumbai

Modern Animal

Animal Feed
Health Care
Medical
Veterinary
1
$40M30 Jul 2021 United States, Los Angeles

Nym

Bioinformatics
Data Center Automation
Health Care
Productivity Tools
Software
n/a
$25M27 Jul 2021 Israel Tel Aviv District Tel Aviv-Yafo

Path Robotics

Artificial Intelligence
Big Data
Machine Learning
Robotics
1
$100M20 Jul 2021 United States, Columbus

Intellimize

Advertising
Artificial Intelligence
Internet
Machine Learning
SaaS
1
$30M08 Jul 2021 United States, " United States"}

Chainalysis

Analytics
Bitcoin
Blockchain
Cryptocurrency
Financial Exchanges
FinTech
Software
1
$100M24 Jun 2021 New York United States

Zeller

Banking
Financial Services
FinTech
Payments
1
$36M23 Jun 2021 Australia, Melbourne
News
Spenmo Raises US$34M in Series A Funding

– Spenmo, a Singapore-based provider of payments software for growing businesses, raised a US$34M Series A funding.
– The round was led by New York-based private equity and venture capital firm Insight Partners with participation from Lee Fixel’s Addition, Salesforce Ventures, Alpha JWC, Global Founders’ Capital, Broadhaven, Operator Partners and Commerce Ventures, and angel investors such as William Hockey (Founder of Plaid), Reuben Lai (Senior MD, Grab Financial Group) and Ongki Kurniawan (Head of Stripe Indonesia, Ex-Head of Grab Indonesia).
– After its launch in Singapore last year, Spenmo has since expanded across Southeast Asia and has thousands of customers from various sectors, including high-growth startups, SMBs, mid-market companies, and accounting firms.

Branch Secures Over $540 Million to Accelerate Flexible Workforce Payments

– Branch, which helps businesses accelerate payments to empower working Americans, announced it has raised over $540m to fuel its momentum in delivering flexible workforce payments.
Addition led the closing of a $48m Series B funding round with participation from Drive Capital, Crosscut Ventures, Bonfire Ventures, Matchstick Ventures, and HR Tech Investments, a subsidiary of Recruit Holdings Co., Ltd., among other investors.
– The company has also secured $500m in purchased assets from funds managed by Neuberger Berman.
– With over 300% growth year over year, Branch will use the funding to deliver faster payments and inclusive financial services to W-2 and 1099 workforces through partnerships with employers, gig platforms, staffing companies, and other businesses.

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