In 50 Words: Addition to raise $1.5b fifth fund amid VC dealmaking slowdown

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In 50 Words: Addition to raise $1.5b fifth fund amid VC dealmaking slowdown

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Former Tiger Global executive Lee Fixel’s venture capital firm, Addition, plans to raise a US$1.5 billion fifth fund, according to a securities filing. This marks the firm’s fifth fund in four years, and comes as other VCs slow their dealmaking and reduce funding targets. Addition maintains an AUM of US$6.5 billion and has backed around six dozen startups.

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