Lee Fixel

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Lee Fixel
Born1980
Florida
CitizenshipAmerican
EducationWashington University[1]
OccupationVenture Capitalist, Investor

Lee Jared Fixel is an American venture capitalist and investor.

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 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] ,[9] and Spotify,[10] as well as late-stage investments, including Facebook.[2]

Fixel has invested in a number of 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[]

Fixel, along with his wife, Lauren Fixel, co-founded the Lauren and Lee Fixel Family Foundation.[2] Together, the Fixels are one of the largest 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. ^ 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.
  3. ^ Benner, Katie (December 10, 2013). "A Tiger in Silicon Valley". The Information. Retrieved January 28, 2020.
  4. ^ a b c Loizos, Connie (March 14, 2019). "Lee Fixel is Leaving Tiger Global". TechCrunch. Retrieved December 5, 2019.
  5. ^ a b 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. ^ 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.
  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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