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Venture Capital
addition.com

Investments

107

Portfolio Exits

3

Funds

4

About Addition

Addition is a multi-stage venture capital fund started by former Tiger Global Partner Lee Fixel.

Headquarters Location

New York, New York,

United States

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Latest Addition News

MERGER BEGINS OF MFE-MEDIAFOREUROPE AND MEDIASET ESPAÑA COMUNICACIÓN PIER SILVIO BERLUSCONI: «MFE WILL HAVE TOTAL CONTROL OF THE SPANISH AND ITALIAN BUSINESSES IN ADDITION TO BEING THE MAIN SHAREHOLDER OF PROSIEBEN-SAT1 IN GERMANY»

Jan 30, 2023

01/30/2023 | 04:37pm EST Message : PIER SILVIO BERLUSCONI: «MFE WILL HAVE TOTAL CONTROL OF THE SPANISH AND ITALIAN BUSINESSES IN ADDITION TO BEING THE MAIN SHAREHOLDER OF PROSIEBEN-SAT1 IN GERMANY» The Boards of Directors of MFE-MEDIAFOREUROPE N.V. and Mediaset España Comunicación S.A. today approved the cross-border merger plan of Mediaset España Comunicación into MFE-MEDIAFOREUROPE. Meeting of the Shareholders of both companies will be called to approve the merger, presumably in March 2023. Statement from Pier Silvio Berlusconi, CEO of MFE-MEDIAFOREUROPE: "The process of developing MFE-MEDIAFOREUROPE into a pan-European media group is proceeding as planned. The merger approved today, despite recent difficulties posed by the pandemic and the economic crisis generated by the conflict in Ukraine, is a step towards the construction of a European television hub capable of facing international competition with adequate scale and economic solidity. On completion of the merger, MFE-MEDIAFOREUROPE will have total control of the company's Spanish and Italian operations, as well as being the main shareholder of the German listed broadcaster ProSieben-Sat1. This is further confirmation of the project for the progressive multi-country consolidation. A new group of national TV companies focused on the production of local content that will also be able to build a large-scale technological and commercial platform at European level." Amsterdam - Madrid, 30 January 2023 Department of Communications and Media Relations Tel. +39 022514.9301

Addition Investments

107 Investments

Addition has made 107 investments. Their latest investment was in Chronosphere as part of their Series C - II on January 1, 2023.

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Addition Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/6/2023

Series C - II

Chronosphere

$115M

No

8

12/1/2022

Series B

Frore Systems

$100M

Yes

5

11/7/2022

Series A

Ernesta

$25M

Yes

Addition, True Ventures, and Undisclosed Investors

10

10/24/2022

Series B

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$99M

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10

10/24/2022

Series A

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$99M

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10

Date

1/6/2023

12/1/2022

11/7/2022

10/24/2022

10/24/2022

Round

Series C - II

Series B

Series A

Series B

Series A

Company

Chronosphere

Frore Systems

Ernesta

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Amount

$115M

$100M

$25M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Addition, True Ventures, and Undisclosed Investors

Sources

8

5

10

10

10

Addition Portfolio Exits

3 Portfolio Exits

Addition has 3 portfolio exits. Their latest portfolio exit was Delhivery on May 11, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/11/2022

IPO

$99M

Public

49

10/7/2021

Acquired

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$99M

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10

6/3/2021

IPO

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$99M

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10

Date

5/11/2022

10/7/2021

6/3/2021

Exit

IPO

Acquired

IPO

Companies

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Valuation

$99M

$99M

$99M

Acquirer

Public

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Sources

49

10

10

Addition Fund History

4 Fund Histories

Addition has 4 funds, including Addition Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/1/2020

Addition Fund I

$1,202.98M

2

7/1/2020

Addition One Partners

$99M

10

Addition Two

10

Addition Fund III

10

Closing Date

7/1/2020

7/1/2020

Fund

Addition Fund I

Addition One Partners

Addition Two

Addition Fund III

Fund Type

Status

Amount

$1,202.98M

$99M

Sources

2

10

10

10

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