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Addition Ventures — Seed & Series A VC Firm ($500K–$3.0M Checks)

VC
Cambridge, MassachusettsWebsite

Addition Ventures is a Seed, Series A venture capital firm based in Cambridge, Massachusetts investing in Enterprise, SaaS, Other. The firm typically writes $500K–$3.0M checks and has 16 portfolio companies in our records.

Check size
$500K–$3.0M
Portfolio
16 companies on record
Partners
6 listed
AUM
$500M
Stage
Seed, Series A
Sectors
Enterprise, SaaS, Other, Developer Tools, EdTech, Security, AI / ML
HQ
Cambridge, Massachusetts

Last verified: 2026-10-12

How to approach: warm intro preferred
Stage

Seed, Series A

Check Size

$500K – $3.0M

AUM

$500M

Portfolio

16+ companies

Team

6 partners

Investor activity
Last known investment: 2016Investments in last 12 months: 0

Investment Thesis

Addition Ventures backs enterprise and vertical software with strong operational value. It is relevant for businesses that combine software workflow control with a narrow operational customer segment.

How Addition Ventures invests

Addition Ventures is a vc firm based in Cambridge, Massachusetts. The firm invests at the Seed, Series A stages, with a focus on Enterprise, SaaS, Other, Developer Tools, EdTech.

Addition Ventures typically writes checks of $500K–$3.0M per investment, backed by approximately $500M in assets under management. Our records include 3 funds raised by the firm.

Investing since at least 2012, Addition Ventures has backed 16 companies in our records, including Academy Plus, ISE Inc, Future Motors. Its most recent recorded investment was in 2016.

Partners & Team

JV

Jay Verjee

Director

Jay founded Addition in 2018 and has scaled three companies over the last 10 years in three different industries and geographies. He is Chairman of The Rumi Foundation, a UK charitable foundation with an endowment of over £100m that serves as the channel for his family’s philanthropic work. Jay began his career as a corporate lawyer with Linklaters in London, Moscow and Shanghai. He completed his undergraduate studies in Law at Cambridge University (Double First). In 2011, he obtained an MBA at Harvard Business School as a Baker Scholar.

AL

Aileen Lee

Founder/Partner

Enterprise Software
Vertical SaaS
FA

Federico Alvarez-Demalde

Senior Advisor

Federico has been actively involved with Addition as part of a strategy to invest his family capital. He is currently a senior investment professional in a global alternative investment management firm and has been actively involved in many private equity transactions over the past fifteen years. He began his career as an investor in 2007 at SAC Capital in New York. Prior to that, he was an investment banker with Salomon Smith Barney and Goldman Sachs in New York. He obtained an MSc in Engineering from University of Michigan in 2003 and received an MBA from Harvard Business School in 2011.

RV

Richard Villiers

Partner

Richard joined Addition in 2020 to lead the development of the co-investor ecosystem and to drive deal sourcing. Richard has established and led two Single Family Office operations: one focused on direct deals in Latin America and the other for an international finance entrepreneur. He began his career advising UHNW clients at J.P. Morgan in London and New York following 6 years as an Officer in the British Army. Richard received a BA in History from University of Newcastle-upon-Tyne.

RM

Raj Mukherji

Principal

Raj joined Addition as a summer associate in 2020 before returning as a Principal in 2021 after graduating with an MBA from Harvard Business School. Raj leads transactions and works with portfolio companies on growth initiatives. Previously, Raj was a Consultant at Boston Consulting Group within the private equity practice, where he led growth strategy for telecoms companies, dental chains and healthcare. Raj graduated from Imperial College with an MEng in Electrical Engineering with Management in 2015 with first class honours.

MC

Mariano Carrica

Associate

Mariano joined Addition in 2020 to reinforce Addition’s digital skills. Mariano joined Addition from WorldRemit, where he focused on improving digital marketing and analysis across consumer channels. He started his career at McKinsey & Co, where he worked on driving revenues and digital growth at companies across retail, healthcare and consumer. Mariano received a BA in Industrial Engineering from Instituto Tecnologico de Buenos Aires in 2016 with a full scholarship.

Industry Focus

Invests In

Enterprise
SaaS
Other
Developer Tools
EdTech
Security
AI / ML

Funds

Addition Ventures III

$250M2023
actively investing

Addition Ventures II

$150M2020
actively investing

Addition Ventures I

$100M2017
fully deployed

Portfolio Companies (16)

2016

AC

Academy Plus

Digital Education

A digital education business that operates the New Skills Academy and Staff Skills Academy brands.

2012

IS

ISE Inc

Office Furniture

A manufacturer of ergonomic office furniture, based in Toronto, Canada.

Other

FU

Future Motors

Energy Technology

Provides revolutionary technology to help large companies save energy.

DE

Debt Rescue

Financial Services

A leading debt counsellor in South Africa, helping individuals to restructure their debts.

SN

Snyk

Cybersecurity·Growth

Developer-first security platform.

NA

Navan

Travel·Growth

Corporate travel management platform.

CH

Chainalysis

Blockchain·Growth

Blockchain data platform.

DE

Delhivery

Logistics·Growth

Logistics and supply chain services.

DL

dLocal

Fintech·Growth

Cross-border payment platform.

FR

Freshworks

Software·Growth

Customer engagement software.

How to pitch Addition Ventures
  • •Raising at Seed, Series A? You're squarely in their sweet spot.
  • •Lead with your fit in Enterprise, SaaS, Other — the sectors they actively back.
  • •Size your ask to their typical $500K – $3.0M check.
  • •warm intro preferred
  • •Address your outreach to a specific partner, such as Jay Verjee, Director.
  • •A warm introduction beats a cold email. Get matched and request an intro.

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