About Addition
Addition is a venture capital firm founded in 1995. It is primarily based out of New York City, United States. As of Apr 2026, Addition is an active investor, having invested in 76 companies, with 8 new investments in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Series E round of Chapter Overall, Addition portfolio has seen 17 unicorns, 2 IPOs and 9 acquisitions including key companies like Delhivery, Airwallex and Alchemy. A lot of funds co-invest with Addition, with names like Coatue sharing a substantial percentage of its portfolio. Addition has team of 10 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series A & 5 more
Portfolio Acquisitions
Portfolio Unicorns
Addition's List of Top Investments
Addition has a portfolio of 76 companies, including 17 unicorns. Their most notable investments are in PassiveLogic and Hugging Face.Their portfolio spans across United States, United Kingdom, Germany and 14 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 25 other sectors, across stages such as Series B, Series A and 5 more. Here is the list of top investments by Addition:1. Delhivery
Platform offering end-to-end parcel delivery, 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: ₹9,370Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $1.25B
- Employee Count: 27,067 as on Aug 31, 2025
- Investors: Fidelity Investments, Malabar Investments and 38 Others
- Latest Funding Round: Series H, Dec 08, 2021, $*****
- Highlight: Public
2. Airwallex
Provider of multi-currency business accounts, global payments, and spend management. The company offers solutions for business accounts, global transfers, corporate cards, and expense management. It provides APIs and embedded finance options, including programmatic account creation, multi-currency account management, and global payment acceptance. The company also offers tools for invoicing, subscription management, and usage-based billing.
Key facts about Airwallex
- Founded Year: 2015
- Location: San Francisco (United States)
- Annual Revenue: £504K as on Dec 31, 2021
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $1.58B
- Employee Count: 2,343 as on Mar 31, 2026
- Investors: Index Ventures, Lone Pine Capital and 41 Others
- Latest Funding Round: Series G, Dec 08, 2025, $*****
- Highlight: Editors' Pick
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3. Render
Provider of cloud application platform for building, deploying, and scaling applications. The platform supports web services, static sites, private services, background workers, and cron jobs. It offers autoscaling, private networking, persistent disks, and infrastructure as code. The platform also provides preview environments and zero downtime deploys. It supports multiple languages and Docker images.
Key facts about Render
- Founded Year: 2018
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $258M
- Employee Count: 169 as on Mar 31, 2026
- Investors: General Catalyst, South Park Commons and 10 Others
- Latest Funding Round: Series C, Feb 17, 2026, $*****
- Highlight: Editors' Pick
4. Alchemy
Provider of complete blockchain developer platform. It provides enterprise-grade Web3 infrastructure rollups-as-a-service, embedded, smart wallets, gasless transactions, stablecoin orchestration, DeFi primitives, real-time webhooks, portfolio/token APIs, and comprehensive devtools.
Key facts about Alchemy
- Founded Year: 2013
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $564M
- Employee Count: 374 as on Mar 31, 2026
- Investors: Silver Lake, DFJ Growth and 33 Others
- Latest Funding Round: Series C, Jan 28, 2022, $*****
- Highlight: Editors' Pick
5. 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
Addition's Year-on-Year Investment Trends
Addition has invested in 76 companies over the last 7 years, with an average of 11 new investments annually in the last 5 years. In 2025, it made 16 investments, while as of Apr 2026, it has made 6 investments in this year. Its most recent first time investment was in Xscape Photonics and most recent follow-on round was in Chapter.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 4 | 6 |
2025 | 7 | 9 | 16 |
2024 | 2 | 9 | 11 |
2023 | 5 | 6 | 11 |
2022 | 11 | 9 | 20 |
2021 | 38 | 10 | 48 |
2020 | 8 | 0 | 8 |
2019 | 1 | 0 | 1 |
Addition's Investments by Stage
Addition has made 22 investments in Series B stage with an average round size of $53.3M, 20 investments in Series A stage with an average round size of $24.8M and 12 investments in Seed stage with an average round size of $8.54M.Stage of entry | No. of Investments |
|---|---|
Series B | 22 |
Series A | 20 |
Seed | 12 |
Series C | 12 |
Series D | 6 |
Others | 2 |
Note: We have considered here, only first round of investments
Addition's Investments by Sector
Addition has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Enterprise Infrastructure, High Tech and Retail. Notably, it has invested in 71 Tech companies, 63 Enterprise (B2B) companies, 58 Software companies and at least 36 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 51 |
FinTech | 22 |
Enterprise Infrastructure | 17 |
High Tech | 17 |
Retail | 11 |
Others | 72 |
Note: We have considered here, only first round of investments
Addition's Investments by Geography
Addition has made most investments in United States (50), followed by United Kingdom where it has made 4 investments.Country | No. of Investments |
|---|---|
United States | 50 |
United Kingdom | 4 |
Germany | 3 |
India | 3 |
Singapore | 3 |
Others | 12 |
Note: We have considered here, only first round of investments
Addition's recent investments
Addition has made 6 investments in 2026 so far. Chapter and Stedi are the latest among them.Here are the most recent investments by Addition:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 09, 2026 | United States | Series E | 8473 | ||
Mar 24, 2026 | United States | Series C | 8227 | [+8] | |
Mar 16, 2026 | United States | Series D | 4678 | [+7] | |
Mar 11, 2026 | United States | Series A | 3992 | [+1] | |
Mar 05, 2026 | United States | Series B | 8274 | [+1] |
Unicorns in Addition's Portfolio
Addition has 17 unicorns in its portfolio - Base Power, Chapter, Tines and others. The most recent unicorn in their portfolio is Base Power. It became a unicorn in 2025.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 |
|---|---|---|---|---|---|---|---|
64 | Provider of battery storage system | 2023 | Austin | Series C | an{kxrd | ||
65 | Digital medicare plan and benefits management tool for employees and individuals | 2013 | New York City | Series E | wovonhw | ||
65 | Cloud-based solutions for the creation of automated security workflows | 2018 | Dublin | Series C | ghbllbx | ||
63 | Developer of AI-powered automation for software workflows and digital assistants | 2017 | San Francisco | Series B | uarfepf | ||
74 | Provider of payment application and digital solutions for business and welfare | 2013 | Milan | Series D | xxtuphs |
IPOs and Publicly Listed companies 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 |
|---|---|---|---|---|
May 24, 2022 | Sep 02, 2021 | Series H | 9080 | |
Jun 03, 2021 | Sep 15, 2020 | Series D | 2755 |
Acquired companies in Addition's Portfolio
9 companies from Addition's portfolio have been acquired. The most recent acquisition were Modern Animal in Apr 2026 by Chewy.Here are Addition's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 08, 2026 | 2020 | Series A | 6637 | |
Nov 19, 2025 | Oct 07, 2021 | Series C | 1297 | |
Jun 12, 2025 | Dec 2021 | Seed | 9835 | |
Sep 25, 2024 | Mar 17, 2021 | Series B | 6738 | |
May 08, 2024 | Jan 13, 2022 | Series A | 7439 |
Team profile of Addition
Addition has a team of 10 members including 1 Partner and 3 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 |
|---|---|---|---|---|
Partner | New York City | - | ||
Principal | New York City | - | ||
Principal | New York City | - | ||
Principal | New York City | - | - |
Co-investors of Addition
Over the past 7 years, 817 investors have co-invested in Addition's portfolio companies. This includes funds and angels.
- Invested before Addition: Y Combinator, Tiger Global Management and 330 others have invested in rounds before Addition. There are 6 companies where Y Combinator has invested before Addition and 5 companies where Tiger Global Management has invested before Addition.
- Top Co-investors of Addition: 260 investors entered a company along with Addition. These include investors like Coatue (4 companies).
- Invested after Addition: A total of 225 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 (4 companies).
Recent News related to Addition
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Chapter Secures $100M to Bridge Seniors and AI TechVentureburn•Apr 09, 2026•Chapter, Fifth Down Capital, Generation Investment Management, 8VC and 7 others
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Stedi Raises $50M in Series C FundingFinSMEs•Mar 30, 2026•Stedi, Ribbit Capital, Cleo, Orderful and 4 others
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NYSE Content Update: Frore Systems Reaches $1.64 Billion Valuation after Series D Funding RoundPR Newswire•Mar 16, 2026•Frore Systems, CoinDesk, Fidelity Investments, StepStone Group and 8 others
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Ernesta Raises $20 Million Series B to Expand RetailFootprint and Technology Platforms for Custom Rugsintelligence360•Mar 11, 2026•Ernesta, Platform Capital Management, Addition Capital, True Ventures and 2 others
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Xscape Photonics raises $37M to laser-power AI data centres with 8-color FalconXTech Funding News•Mar 11, 2026•Xscape Photonics, Addition Capital, IAG Capital Partners, Nvidia and 1 other
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Render Raises $100M Series C Extension, Valued at $1.5B, Betting Big on the AI-Native Cloudtechnologies.org•Feb 18, 2026•Render, Addition, 01 Advisors, Georgian and 7 others
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Airwallex raises USD $330m, sets dual HQ in San FranciscoTechDay•Jan 07, 2026•Lingotto, Addition, T. Rowe Price, TIAA and 3 others
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Airwallex Secures $498M Series G Funding, Valuation Soars to $12BSmartCompany•Dec 09, 2025•Addition, Airwallex, Robin Hood Ventures, TIAA and 3 others
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Airwallex Secures $330M Series G Funding Round Led by AdditionStartupNews•Dec 08, 2025•Addition, Airwallex, Salesforce, and 13 others
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Airwallex Secures $330M Series G at $8B Valuation, Expands to San Francisco and Accelerates AI FinanceVentureburn•Dec 08, 2025•Addition, Robin Hood Ventures, TIAA, T. Rowe Price and 1 other
