Recursive Capital
Venture capitalPre-Seed–Series A
Investment thesis
Recursive Capital is an early-stage venture capital fund focused exclusively on Bitcoin companies in Africa. Founded in 2020, it positions itself as the largest dedicated Bitcoin VC fund on the continent, backing founders building infrastructure to power the next generation of innovation. The firm views Bitcoin as core money infrastructure and the most important technological innovation of its era, with potential to reshape global finance and empower Africans. It invests across three themes: infrastructure (payments, custody, privacy, energy, internet), commerce (wallets, exchanges, liquidity, financial products), and synthesized scalability (Bitcoin-adjacent protocols like Lightning Network and the intersection of Bitcoin and AI). Its philosophy emphasizes patient, long-term capital for outsized risk-adjusted returns.
Source: firm website, verified Aug 7, 2026.
What they invest in
from 4 of 5 portfolio companiesFintech ×4Crypto & Web3 ×3AI & Machine Learning ×1Energy ×1SaaS ×1Social ×1
HQs:United States×2
Investments · 5 tracked
founders shown can be your intro pathBy year:2023 · 12022 · 12 dated
Fedi is a mobile wallet application that integrates messaging, financial transactions, and mini-apps within a community-controlled network powered by Bitcoin.
Crypto & Web3FintechSocialAustin, US
Obinna Nwosu(Executive Officer, Director)Justin Moen(Director)
BoardJeffrey Booth(Director)
Co-investorsHivemind Ventures, LlcTrammell Venture Partners (TVP)ConcentricTrammell Venture Partners
Mavapay provides a payment processing and cross-border payments API for businesses ranging from startups to enterprises, offering features like same-day settlements and transaction security.
FintechSaaS
Stealth Money is a platform for buying Bitcoin directly into a self-custody hardware wallet, offering instant purchases, recurring dollar-cost-averaging savings plans, and Bitcoin gifting via secure payment links.
Crypto & Web3Fintech
Synota develops technology for decentralized energy systems.
AI & Machine LearningCrypto & Web3EnergyFintechPowell, US
Austin Mitchell(Chief Operating Officer & Director)inAlan Schroeder(Director)Lisa Scott(Executive Officer, Director)in
Co-investorsFulgur VenturesHivemind Ventures, LlcRev1 VenturesTrammell Venture Partners (TVP)
Frequently asked questions
- How many investments has Recursive Capital made?
- Recursive Capital has 5 tracked investments.
- What stage does Recursive Capital invest at?
- Recursive Capital invests at the Pre-Seed, Seed, Series A stages.
- What sectors does Recursive Capital focus on?
- Recursive Capital focuses on AI & Machine Learning, Crypto & Web3, Fintech.
- Who does Recursive Capital co-invest with?
- Recursive Capital most often shares deals with Hivemind Ventures, Llc, Trammell Venture Partners (TVP), Fulgur Ventures, among 3 tracked co-investors.
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