Where is Addition's headquarters located?

Addition's headquarters is located in New York City ( United States ).

How many companies has Addition invested in?

Addition has invested in 67 companies, including Delhivery & Alchemy.

Which companies has Addition invested in lately?

Snorkel AI & Chapter are the latest investments by Addition.

What sectors does Addition focus on for investments?

Top sectors in Addition's portfolio are Enterprise Applications (44 investments) and High Tech (17 investments).

What stages of companies does Addition typically invest in?

Addition primarily invests in Series A and Series B stages.

How many exits has Addition been involved in?

Addition's portfolio has seen 2 IPOs and 6 acquisitions.

How many unicorns are there in Addition's portfolio?

There are 16 unicorns in Addition's portfolio.

Addition - 2025 Investor Profile, Portfolio, Team & Investment Trends - Tracxn

1. Delhivery

Integrated logistics provider offering parcel, warehousing, cross-border, and fulfillment services. It provides services to businesses and individuals. It is an integrated 3PL service provider and offers a comprehensive suite of solutions to clients across various industries. It enables logistics management, allowing clients to track their shipments and manage their delivery operations. Its solutions include last-mile delivery service, third-party and transit warehousing, reverse logistics, payment collection, vendor-to-warehouse and customer shipping, and more.

Key facts about Delhivery

Founded Year: 2011
Location: Gurugram (India)
Annual Revenue: ₹8,590Cr as on Mar 31, 2024
Stage: Public
Total Funding till date: $1.25B
Employee Count: 24,206 as on Apr 30, 2025
Investors: CPP Investments, The Carlyle Group and 39 Others
Latest Funding Round: Series H, Dec 08, 2021, $98.8M
Highlight: Public

2. Alchemy

Cloud-based blockchain platform for application development. Its products include Ethereum API, application development & monitoring tools, more. It provides data correctness, real-time transactions, debugging, and shipping products.

Key facts about Alchemy

Founded Year: 2017
Location: San Francisco (United States)
Valuation: $10B as on Feb 08, 2022
Stage: Series C
Total Funding till date: $564M
Investors: Silver Lake, DFJ and 32 Others
Latest Funding Round: Series C, Jan 28, 2022, $200M
Highlight: Editors' Pick

3. Lyra Health

Provider of AI-powered mental health benefits for employers. It offers evidence-based mental healthcare through a network of providers, facilitating access to care via AI-driven matching and support tools. The platform tracks treatment outcomes and aims to improve employee well-being while reducing healthcare costs for organizations. Services include support for various demographics and organizational tools to promote mental health across the workforce.

Key facts about Lyra Health

Founded Year: 2015
Location: Burlingame (United States)
Valuation: $5.58B as on Jan 19, 2022
Stage: Series F
Total Funding till date: $915M
Employee Count: 1,145 as on Dec 31, 2023
Investors: Venrock, Glynn Capital and 34 Others
Latest Funding Round: Series F, Jan 19, 2022, $235M
Highlight: Editors' Pick

4. Hugging Face

Platform offering collaborative tools for sharing and deploying machine learning models. It provides a centralized hub where users can access a vast collection of pre-trained models and datasets across various domains. The platform supports the creation and hosting of interactive machine learning applications, enabling developers and researchers to showcase their work and facilitate community engagement.

Key facts about Hugging Face

Founded Year: 2016
Location: Paris (France)
Valuation: $4.5B as on Aug 24, 2023
Stage: Series D
Total Funding till date: $400M
Investors: Intel, Amazon and 31 Others
Latest Funding Round: Series D, Aug 22, 2023, $235M
Highlight: Editors' Pick

5. Jupiter

Provider of a financial management app offering banking services. This app integrates various financial tools, including savings accounts, credit cards, personal loans, mutual funds, and investment tracking. It partners with established banking institutions to provide these services, ensuring security and regulatory compliance. The platform also features financial literacy resources and calculators to aid users in managing their finances effectively. The app aims to simplify personal finance management through a user-friendly interface and integrated features.

Key facts about Jupiter

Founded Year: 2019
Location: Mumbai (India)
Annual Revenue: ₹80.5Cr as on Mar 31, 2024
Valuation: ₹5,370Cr as on May 21, 2024
Stage: Series C
Total Funding till date: $167M
Employee Count: 359 as on Mar 31, 2025
Investors: Rocket Internet, Tiger Global Management and 76 Others
Latest Funding Round: Series C, Jun 21, 2024, $2.39M
Highlight: Editors' Pick

Want to see the entire list?

Addition has invested in 67 companies over the last 6 years, with an average of 13 new investments annually in the last 5 years. In 2024, it made 11 investments, while as of May 2025, it has made 5 investments in this year. Its most recent first time investment was in Base Power and most recent follow-on round was in Snorkel AI.

Here are Addition's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2025 (YTD)	1	4	5
2024	2	9	11
2023	4	6	10
2022	11	8	19
2021	38	10	48
2020	8	0	8
2019	1	0	1

View all investments by Addition

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Addition has made 19 investments in Series A stage with an average round size of $23.7M, 18 investments in Series B stage with an average round size of $59.3M and 12 investments in Series C stage with an average round size of $109M.

Here are Addition's investments by stage:

Note: We have considered here, only first round of investments

Stage of entry	No. of Investments
Series A	19
Series B	18
Series C	12
Seed	10
Series D	5
Others	1

View all investments by Addition

Addition has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Enterprise Infrastructure, High Tech and Retail. Notably, it has invested in 62 Tech companies, 56 Enterprise (B2B) companies, 51 Software companies and at least 28 companies focusing on Saas.

Here are Addition's investments by sector:

Note: We have considered here, only first round of investments

Sector	No. of Investments
Enterprise Applications	43
FinTech	22
Enterprise Infrastructure	17
High Tech	17
Retail	8
Others	56

View all investments by Addition

Addition has made most investments in United States (43), followed by India where it has made 4 investments.

Here are Addition's investments by geography:

Note: We have considered here, only first round of investments

Country	No. of Investments
United States	43
India	4
Germany	3
United Kingdom	3
Singapore	2
Others	11

View all investments by Addition

Addition has made 5 investments in 2025 so far. Snorkel AI and Chapter are the latest among them.

Here are the most recent investments by Addition:

Date	Company	Location	Round Details	Round Amount	Co-Investors
May 30, 2025	Snorkel AI	United States	Series D	$100M	Prosperity7 Ventures [+4]
Apr 16, 2025	Chapter	United States	Series D	$75M	Stripes [+4]
Apr 09, 2025	Base Power	United States	Series B	$200M	a16z [+6]
Feb 11, 2025	Tines	Ireland	Series C	$125M	SoftBank Vision Fund [+5]
Jan 30, 2025	SuperOps	United States	Series C	$25M	March Capital [+1]

Get the detailed list of all investments by Addition. Download now!

See more recent investments made by Addition

Addition has 16 unicorns in its portfolio - Chapter, Tines, Adept and others. The most recent unicorn in their portfolio is Chapter. It became a unicorn in 2025, 3 years after Addition first invested in it.

Here is a list of unicorns in Addition's portfolio:

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
51	Chapter	Digital medicare plan and benefits management tool for employees and individuals	2013	HealthTech [+3]	New York City	Series D	hbvhzu{
58	Tines	Cloud-based solutions for the creation of automated security workflows	2018	Enterprise Infrastructure [+2]	Dublin	Series C	wxqmwtc
53	Adept	Provider of ML research lab services	2017	High Tech [+1]	San Francisco	Series B	wclbldr
73	Satispay	Wallet-based payment solution for consumers	2013	FinTech	Milan	Series D	{flbtaj
75	Hugging Face	Platform offering collaborative tools for sharing and deploying machine learning models	2016	Enterprise Infrastructure [+2]	Paris	Series D	xwlaozk

View more details about unicorns in Addition's portfolio

2 of Addition's portfolio companies have become public. Delhivery got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), in May 2022 at marketcap of $4.55B and Dlocal got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $152M.

Here are Addition's portfolio companies that went public:

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Delhivery	May 24, 2022	Sep 02, 2021	Series H	$76.4M
Dlocal	Jun 03, 2021	Sep 15, 2020	Series D	$200M

View more details about public companies in Addition's portfolio

6 companies from Addition's portfolio have been acquired. The most recent acquisition were Octo in Sep 2024 by NVIDIA.

Here are Addition's portfolio companies that got acquired most recently:

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Octo	Sep 25, 2024	Mar 17, 2021	Series B	$28M
Flashtract	May 08, 2024	Jan 13, 2022	Series A	$15M
Intellimize	Apr 19, 2024	Jul 08, 2021	Series B	$30M
Jeli	Nov 02, 2023	Sep 28, 2022	Series A	$15M
Imburse Payments	Jan 05, 2023	Jun 22, 2021	Series A	$12M

View all acquired companies in Addition's portfolio

Addition has a team of 10 members including 2 Partners and 5 Principals located in United States. Addition's team does not sit on the board of any company as of now.

Here is a list of all team members in Addition:

Name	Designation	Location	Board Memberships	Contact details
Lee Jared Fixel	Partner	New York City	Flipkart, Blinkit and 6 more	1 Email, 1 Phone number
Andrew Miskiewicz	Partner	New York City	-	1 Email
Todd Arfman	Principal	New York City	-	1 Email
Robbie Horwitz	Principal	New York City	-	1 Email
Brandon Sack	Principal	New York City	-	1 Email, 1 Phone number
Danielle Steinman	Principal	New York City	-	-
Jason Schneider	Principal	New York City	-	1 Email

Get the full list of Addition's team & partners for free. Download now!

View team details of Addition

Over the past 6 years, 793 investors have co-invested in Addition's portfolio companies.

Invested before Addition: Tiger Global Management, Y Combinator and 278 others have invested in rounds before Addition. There are 6 companies where Tiger Global Management has invested before Addition and 6 companies where Y Combinator has invested before Addition.
Top Co-investors of Addition: 250 investors entered a company along with Addition. These include investors like Coatue (4 companies).
Invested after Addition: A total of 263 investors have invested in Addition's portfolio after their investments. Top Investors include Tiger Global Management (9 companies), Addition Capital (4 companies) and Spark Capital (3 companies).