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Addition

Addition

Venture Capital

Addition is a venture firm focused on supporting visionary entrepreneurs.

Portfolio

5

companies

By category

  • SecurTech£662M
  • AI/ML£100M
  • FinTech£50.4M
  • Quantum Computing£43.8M
  • Uncategorised£9.6M

By location

  • Boston£662M
  • London£104M
  • Dublin£100M

Portfolio companies

PQShield

PQShield

PQShield builds quantum-resistant cryptographic solutions for the global technology supply chain.

Snyk

Snyk

Snyk provides developer security tools to help enterprises build software securely.

S

Speckle

Speckle provides a data hub and collaboration platform for the architecture and engineering sector.

T

Tines

Tines provides an automated workflow platform for enterprise operations.

TrueLayer

TrueLayer

TrueLayer operates a global open banking network that powers payments and financial data access.


Team

LF

Lee Fixel

Lee founded Addition following a tenure as a partner at Tiger Global Management.

LinkedIn
Todd Arfman

Todd Arfman

Todd serves as a partner at Addition, following roles at Silver Lake and Morgan Stanley.

LinkedIn

Recent investments

Series C
$125M

The round was led by Growth Equity at Goldman Sachs Alternatives and values the company at $1.1bn.

"By connecting people to the AI, data, and systems they need to do their best work, the opportunity before us at Tines is to become the universal orchestrator of modern, secure workflows across the enterprise. This new round will help us realise that opportunity."
— Eoin Hinchy, CEO
Series A
£9.6M

Addition led the Series A round with backing from several existing investors.

"From what began as a simple Grasshopper plugin for sharing 3D models, Speckle evolved into a transformative company built on top of a powerful open-source community that addresses critical pain points in the AEC industry, Today, our goal is to be a reliable data partner for data connectivity, real-time collaboration and workflow automation."
— Dimitrie Stefanescu, Co-founder and CEO
Series B
£29.0M

Addition led the Series B round with participation from Chevron Technology Ventures, Legal & General, Braavos Capital, and Oxford Science Enterprises.

"As we approach the culmination of the NIST project, we expect newly-ratified standards to help drive rapid adoption of PQC across the technology supply chain. Led by an industry-leading team with decades of experience, PQShield has quickly established itself as a leading authority in post-quantum cryptography for hardware and software. We are excited to see the business continue to build on its existing commercial success and further enhance its efforts in protecting our digital future."
— Todd Arfman
Series A
£14.8M

Addition led the Series A round to support product development, hiring and global expansion.

"Thanks to an industry-leading team, decades of combined experience and a best-in-class product offering, PQShield has quickly emerged as a front runner and true authority in post-quantum cryptography for hardware and software, a field with enormous market potential. PQShield is already helping to define the future of information security, and we are excited to support their ongoing growth."
— Lee Fixel