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Investor type Private Equity Firm
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 107
Average round size
The average size of a deal this fund participated in
Portfolio companies 71
Rounds per year 53.50
Lead investments 17
Follow on index
How often the fund supports its portfolio startups at next rounds
Exits 1
Key employees Soon

Areas of investment

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

Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Addition:
Typical Co-investors
Addition is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Addition:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation


$25M07 Nov 2022 New York, New York, United States

Seqera Labs

Big Data
Cloud Computing
Life Science
$25M25 Oct 2022 Barcelona, Catalonia, Spain


Data Integration
Developer APIs
Developer Platform
Developer Tools
$55M24 Oct 2022 San Francisco, California, United States


Cyber Security
Data Integration
Developer Platform
Enterprise Software
$55M04 Oct 2022 Dublin, County Dublin, Ireland


Financial Services
Mobile Payments
$377M28 Sep 2022 Milan, Lombardy, Italy


Developer Platform
Developer Tools
$15M07 Sep 2022 San Francisco, California, United States


Developer Platform
Information Technology
Open Source
$99M23 Aug 2022 Berkeley, California, United States


Enterprise Software
12 Aug 2022 Los Angeles, California, United States


Financial Services
$34M11 Jul 2022 Berlin, Berlin, Germany
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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