Lee Fixel
Born1980 (age 43–44)
Florida
CitizenshipAmerican
EducationWashington University in St. Louis[1]
Occupation(s)Venture Capitalist, Investor
Known forFounder of Addition

Lee Jared Fixel is an American venture capitalist and investor. He is the founder of venture capital firm, Addition.

Early life and education

Fixel was born in 1980 and was raised near Fort Lauderdale, Florida. He is the eldest of three children and has two younger sisters.[2][3]

Fixel earned a Bachelor of Science in business administration, finance, and accounting at the Olin Business School at Washington University in St. Louis.[2]

Career

After graduation, Fixel became a licensed chartered financial analyst and began his career at Alkeon Capital Management, an investment firm.[2]

In 2006, Fixel joined Tiger Global Management, a New York-based investment firm.[4] He became a partner and head of the firm's private equity business, before his resignation in March 2019.[5] In a letter received by Reuters in March 2019, Fixel said he planned to continue investing independently.[6] He remains on the board of some portfolio companies,[7] such as Warby Parker.[8] He has also served on the board of Peloton.[5] Among his most notable portfolio investments are Stripe,[4] Peloton,[4] Freshworks,[9] and Spotify,[10] as well as late-stage investments, including Facebook.[2]

Fixel has invested in several Indian startups,[2] most famously e-commerce company Flipkart, where he is a member of the board of directors since 2009.[7][11]

As of 2018, he has appeared on Forbes' Midas List six times over the course of his career.[2]

In 2020, Fixel launched the venture capital firm Addition and raised $1.3 billion to invest in early- and growth-stage startup companies.[12][13]

Philanthropy

The Norman Fixel Institute for Neurological Diseases in Gainesville, Florida.

Fixel, along with his wife, Lauren Fixel, co-founded the Lauren and Lee Fixel Family Foundation.[2] Together, the Fixels are one of the most significant contributors to The Michael J. Fox Foundation, a non-profit organization dedicated to Parkinson's disease research.[2]

In January 2019, the Lauren and Lee Fixel Family Foundation donated $20 million to the University of Florida and UF Health to establish the Norman Fixel Institute for Neurological Diseases.[14] The institute is focused on advancing research, technology, and clinical care for Parkinson's and other neurodegenerative diseases such as Alzheimer's disease and Amyotrophic lateral sclerosis (ALS).[15]

References

  1. ↑ "Lee Fixel". Livemint. Retrieved 11 May 2011.
  2. 1 2 3 4 5 6 7 8 Dalal, Mihir; Verma, Shrutika (May 18, 2018). "How Lee Fixel, Flipkart's godfather in New York, changed India's start-up ecosystem". Mint. Retrieved January 28, 2020.
  3. ↑ Benner, Katie (December 10, 2013). "A Tiger in Silicon Valley". The Information. Retrieved January 28, 2020.
  4. 1 2 3 Loizos, Connie (March 14, 2019). "Lee Fixel is Leaving Tiger Global". TechCrunch. Retrieved December 5, 2019.
  5. 1 2 Butera, Chris (March 18, 2019). "Tiger Private Equity Head to Exit in June". Chief Investment Officer Magazine. Retrieved December 6, 2019.
  6. ↑ Delevigne, Lawrence (March 14, 2019). "UPDATE 1-Tiger Global private equity head Lee Fixel to depart -letter". Reuters. Retrieved December 6, 2019.
  7. 1 2 Gooptu, Biswarup; Shrivastava, Aditi (March 16, 2019). "Lee Fixel to leave Tiger Global, set to hunt alone in India and beyond". Economic Times. Retrieved December 6, 2019.
  8. ↑ Chaey, Christina (September 17, 2013). "J.Crew CEO Mickey Drexler Joins Warby Parker Board of Directors". Fast Company. Retrieved December 6, 2019.
  9. ↑ Sriram, M. (25 April 2019). "After Lee Fixel exit, Tiger Global prowls for B2B startup deals in India". Mint. Retrieved February 14, 2020.
  10. ↑ Primack, Dan (March 14, 2019). ""Unicorn" investor Lee Fixel quits Tiger Global". Axios. Retrieved December 5, 2019.
  11. ↑ Bansal, Varsha (March 16, 2019). "Lee Fixel resigns from Tiger Global but will stay on Flipkart board". Mint. Retrieved December 18, 2019.
  12. ↑ Konrad, Alex (July 1, 2020). "Meet Lee Fixel: Low-Key Investor Who Turned Bets On Flipkart And Peloton Into Billions —And Has A $1.3 Billion Fund To Do It Again". Forbes. Retrieved July 20, 2020.
  13. ↑ Kruppa, Miles (June 25, 2020). "Former Tiger Global investor to raise $1.3bn". Financial Times. Retrieved July 20, 2020.
  14. ↑ Di Mento, Maria (January 22, 2019). "UVa Lands $120 Million for a New School, and Kanye West Pledges $10 Million for a Massive Art Project in Arizona". The Chronicle of Philanthropy. Retrieved December 6, 2019.
  15. ↑ "UF Health receives $20 million donation from Lauren and Lee Fixel Family Foundation". WCJB20. January 18, 2019. Retrieved December 6, 2019.
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