Addition
Addition is a New York-based venture capital firm founded in 2019 that invests in early and growth-stage technology companies across fintech, AI infrastructure, healthcare, climate tech, and enterprise SaaS, leading rounds from seed to over $1B.
- Company typePrivate
- Founded2019
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Addition does
Addition is a New York-based venture capital firm founded in 2019 that invests in early and growth-stage technology companies. The firm operates as a lead or co-lead investor across financing rounds ranging from seed (e.g., Biologica, $7M) to growth-stage mega-rounds (Base Power $1B Series C, Airwallex $320M Series H). Its portfolio spans fintech (Airwallex, Satispay), AI infrastructure (Xscape Photonics, Frore Systems, Render, CloudX), healthcare technology (Stedi, Chapter, Biologica), climate and energy (Base Power), enterprise SaaS (SuperOps, Onehouse), and consumer (Ernesta), with several portfolio companies reaching unicorn status.
As a venture capital firm, Addition generates returns through equity investments in portfolio companies, realizing gains through exits via IPOs, acquisitions, or secondary sales. The firm earns revenue via conventional VC mechanics, including management fees on committed capital and carried interest on realized gains, though specific fund sizes, fee structures, and LP composition are not publicly disclosed. Addition co-invests alongside top-tier institutions (T. Rowe Price, Fidelity, Stripe, CapitalG, Thrive Capital, Lightspeed, Generation Investment Management, Georgian), indicating strong syndication positioning for an emerging manager. The team is lean (11-50 employees) and concentrated in New York, with no disclosed international offices, though portfolio investments include European (Satispay, Italy) and Indian (SuperOps, Chennai) companies.
Addition firmographics
Firmographics- Name
- Addition
- Legal name
- Addition
- Website
- https://addition.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Addition is a New York-based venture capital firm founded in 2019 that invests in early and growth-stage technology companies across fintech, AI infrastructure, healthcare, climate tech, and enterprise SaaS, leading rounds from seed to over $1B.
- Ownership category
- akta.pro rank
Addition industry classification
Industry- Product category
- Venture Capital
- NAICS
- Other Financial Vehicles (52599), Other Financial Investment Activities (5239), All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Late-Stage Venture Capital (Series C+) (FSANAAAC)
- akta.pro secondary industry
- Multi-Sector / Generalist Growth Equity (FSANACAO)
Keywords
Where Addition is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Addition business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Investment Returns and Capital Gains: Addition generates returns through equity investments in portfolio companies, realizing gains through exits via IPOs, acquisitions, or secondary sales.
Go-to-market motion1 record
Distribution channels1 record
Addition product offering
Product offeringCore offering
Addition is a New York-based venture capital firm founded in 2019 that invests capital in early- and growth-stage technology companies by leading or co-leading equity funding rounds. The firm has deployed capital across fintech, AI, healthcare, climate tech, and enterprise SaaS, and has led investments in unicorns such as Airwallex, Frore Systems, Render, and Base Power, with cumulative portfolio funding exceeding $3 billion.
Product overview
Addition is a venture capital firm based in New York that invests in technology startups across various stages and sectors. The firm leads funding rounds in companies operating in fintech, cloud infrastructure, AI, healthcare technology, and consumer products.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Multiple portfolio companies have achieved unicorn status ($1B+ valuations) including Airwallex ($11B), Frore Systems ($1.64B), Render ($1.5B), and Base Power ($3B).
Companies that use Addition
Customer profileIdeal customer profiles1 record
Addition technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Addition partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights5 records
Addition competitors and assessment
Company assessmentDirect peers
- Lead Edge Capital: Lead Edge is a growth-stage VC focused on later-stage rounds in enterprise software and fintech — comparable in stage, check size, and sector mix to Addition.
- Insight Partners: Insight Partners is a leading late-stage/growth VC firm that leads large rounds in software and technology companies — directly comparable to Addition's growth-stage lead-investor model across similar check sizes and sectors.
- Georgian Partners: Georgian is a growth-stage VC focused on B2B software and AI infrastructure — co-led rounds with Addition (e.g., Render Series C extension) and shares a similar growth-stage, thesis-driven approach.
- Coatue Management: Coatue is a late-stage technology investor leading large growth rounds across fintech, AI, and consumer — overlapping with Addition's check sizes and category mix.
- Bessemer Venture Partners: Bessemer is a multi-stage VC active in growth-stage cloud and fintech rounds (e.g., participated alongside Addition in Render Series C), making it a directly comparable late-stage investor.
- General Catalyst: General Catalyst is a multi-stage VC with strong late-stage/growth activity in fintech, healthcare, and enterprise SaaS — overlapping directly with Addition's vertical mix and lead-investor posture.
- Lightspeed Venture Partners: Lightspeed is a multi-stage growth investor active in fintech, enterprise, and consumer — co-invested with Addition in Base Power Series C, making it a directly comparable lead/co-lead growth investor.
- TCV (Technology Crossover Ventures): TCV is a growth-equity firm leading large rounds in mature technology companies — directly comparable to Addition's late-stage lead-investor approach.
- IVP (Institutional Venture Partners): IVP is a late-stage growth equity firm that leads Series C+ rounds in enterprise and consumer technology — a near-identical investment model to Addition's growth-stage focus.
Broad incumbents
- Tiger Global Management: Tiger Global is a mega-scale, late-stage investor writing large checks across growth-stage technology globally — overlaps with Addition's growth-stage fintech and enterprise focus as a much larger incumbent.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Addition social profiles
Digital presenceAddition financial estimates
Financial estimateRevenue estimate
Valuation estimate
Addition leadership team
Management profileNumber of profiles
Profiles1 record
Addition funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Addition M&A and investment
M&A and investmentM&A
Investments159 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Addition
What does Addition do?
Addition is a New York-based venture capital firm founded in 2019 that invests capital in early- and growth-stage technology companies by leading or co-leading equity funding rounds. The firm has deployed capital across fintech, AI, healthcare, climate tech, and enterprise SaaS, and has led investments in unicorns such as Airwallex, Frore Systems, Render, and Base Power, with cumulative portfolio funding exceeding $3 billion.
Is Addition a public or private company?
Addition is a private company. It is classified as unknown and is currently operating.
When was Addition founded?
Addition was founded in 2019. It employs 11 to 50 people.
Where is Addition based?
Addition is headquartered in New York, United States, in the North America region.
How does Addition make money?
One revenue line is on record: investment Returns and Capital Gains.
Who are Addition's main competitors?
Direct peers on record are Lead Edge Capital, Insight Partners, Georgian Partners, Coatue Management, Bessemer Venture Partners, General Catalyst, Lightspeed Venture Partners, TCV (Technology Crossover Ventures) and IVP (Institutional Venture Partners). Tiger Global Management is listed as a broad incumbent.
Does Addition have an API?
No public API is recorded for Addition.
What industry is Addition in?
Addition's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAC, Late-Stage Venture Capital (Series C+), with a secondary code of FSANACAO, Multi-Sector / Generalist Growth Equity. Its NAICS code is 52599 and its SIC code is 6282.