Addition Ventures — Seed & Series A VC Firm ($500K–$3.0M Checks)
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
Seed, Series A
$500K – $3.0M
$500M
16+ companies
6 partners
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
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.
Aileen Lee
Founder/Partner
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.
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.
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.
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
Funds
Addition Ventures III
Addition Ventures II
Addition Ventures I
Portfolio Companies (16)
2016
Academy Plus
A digital education business that operates the New Skills Academy and Staff Skills Academy brands.
2012
ISE Inc
A manufacturer of ergonomic office furniture, based in Toronto, Canada.
Other
Future Motors
Provides revolutionary technology to help large companies save energy.
Debt Rescue
A leading debt counsellor in South Africa, helping individuals to restructure their debts.
Snyk
Developer-first security platform.
Navan
Corporate travel management platform.
Chainalysis
Blockchain data platform.
Delhivery
Logistics and supply chain services.
dLocal
Cross-border payment platform.
Freshworks
Customer engagement software.
- •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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