Lee Fixel
Lee Fixel | |
|---|---|
| Born | 1980 (age 43–44) |
| Citizenship | American |
| Education | Washington University in St. Louis[1] |
| Occupation(s) | Venture Capitalist, Investor |
| Known for | Founder 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
[edit]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
[edit]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
[edit]
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
[edit]- ^ "Lee Fixel". Livemint. Retrieved 11 May 2011.
- ^ a b c d e f g h 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.
- ^ Benner, Katie (December 10, 2013). "A Tiger in Silicon Valley". The Information. Retrieved January 28, 2020.
- ^ a b c Loizos, Connie (March 14, 2019). "Lee Fixel is Leaving Tiger Global". TechCrunch. Retrieved December 5, 2019.
- ^ a b Butera, Chris (March 18, 2019). "Tiger Private Equity Head to Exit in June". Chief Investment Officer Magazine. Retrieved December 6, 2019.
- ^ Delevigne, Lawrence (March 14, 2019). "UPDATE 1-Tiger Global private equity head Lee Fixel to depart -letter". Reuters. Retrieved December 6, 2019.
- ^ a b 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.
- ^ Chaey, Christina (September 17, 2013). "J.Crew CEO Mickey Drexler Joins Warby Parker Board of Directors". Fast Company. Retrieved December 6, 2019.
- ^ Sriram, M. (25 April 2019). "After Lee Fixel exit, Tiger Global prowls for B2B startup deals in India". Mint. Retrieved February 14, 2020.
- ^ Primack, Dan (March 14, 2019). ""Unicorn" investor Lee Fixel quits Tiger Global". Axios. Retrieved December 5, 2019.
- ^ Bansal, Varsha (March 16, 2019). "Lee Fixel resigns from Tiger Global but will stay on Flipkart board". Mint. Retrieved December 18, 2019.
- ^ 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.
- ^ Kruppa, Miles (June 25, 2020). "Former Tiger Global investor to raise $1.3bn". Financial Times. Retrieved July 20, 2020.
- ^ 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.
- ^ "UF Health receives $20 million donation from Lauren and Lee Fixel Family Foundation". WCJB20. January 18, 2019. Retrieved December 6, 2019.