Fundraising Fox
San Francisco · Pre-Seed–Seed · 7 people tracked
Also known as Recursive Ventures (ICCA Labs)
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Investment thesis
Recursive Ventures is a solo-capitalist VC fund led by Itamar Novick that invests in US-based pre-seed and seed-stage technology startups using data and AI to disrupt their industries. As a single decision-maker, the firm emphasizes speed, flexibility, and founder-friendliness, making investment decisions in days rather than weeks. Recursive intentionally does not lead rounds but will co-lead pre-seed and seed rounds to avoid conflict with founders. Its core value-add is helping portfolio companies raise subsequent institutional seed, Series A, and Series B rounds through hands-on fundraising support, strategy, introductions, and backchannels, drawing on a network of founders, operators, and go-to-market experts.
Source: firm website, verified Sep 27, 2026.
Team · 7 people
from the firm's website & public directories
Founder mafia
3 people who came through Recursive Ventures went on to found or lead other companies.
What they invest in
from 24 of 43 portfolio companiesAI & Machine Learning ×14SaaS ×10Enterprise Software ×9Consumer ×3Cybersecurity ×3Fintech ×3Future of Work ×3Healthtech ×3
HQs:United States×21Australia×2Germany×1United Kingdom×1
Investments · 43 tracked
founders shown can be your intro pathBy year:2026 · 22025 · 32024 · 52023 · 22022 · 42021 · 12020 · 12018 · 12017 · 22015 · 324 dated
Tesla designs and manufactures electric vehicles, battery storage and solar products, and develops autonomous driving software.
Palo Alto, US
Elon Musk(Founder)inJeffrey B Straubel(Co-founder; CTO until 2019, Director since 2023)Martin Eberhard(Founder)inMarc Tarpenning(Founder)inJerome M Guillen(Executive Officer)inDeepak Ahuja(Executive Officer)
Co-investorsCapital Q® Ventures Inc.DBL PartnersDraper AssociatesFuture VenturesInfinite CapitalKluz Ventures+16 more
Orita builds a bespoke machine learning model on a brand's own customer data to create audience segments that populate directly in Klaviyo, ranking subscribers by engagement daily.
AI & Machine LearningE-commerceMarketing Tech
Daniel Brady(Founder)in
Co-investorsBee PartnersJavelin Venture PartnersStudio VCPhenomenal VenturesSugar Capital
Dokkio provides tools that connect and organize files across multiple cloud storage services, enabling teams to work with all their files in one place.
AI & Machine LearningFuture of WorkSaaSSan Mateo, US
David Weekly(Director)Andrew Preston(Chief Financial Officer)James Groff(Chief Executive Officer)
BoardRoger Sippl(Director)Arnold Silverman(Director)
Board seatKonstantin Othmer· per SEC Form D · $3M raise · filed Apr 2018
Afternoon builds data and AI infrastructure for financial advisers, designed to reduce administrative work and connect fragmented systems.
AI & Machine LearningFintechSaaSGlasgow, GB
Co-investorsTwin Path Ventures
Afternoon provides financial operations software for AI companies, handling compute cost management, pricing analysis, and expense attribution to help founders understand their financials and make informed decisions.
AI & Machine LearningEnterprise SoftwareFintechSaaSNew York City, US
Roman Zubenko(CEO)inBenjamin Paik(CPO)in
Co-investorsBalerion Space VenturesTreeo VCY CombinatorEndurance CapitalNetwork VC
aiomics is an AI platform for German rehabilitation and acute-care hospitals that reads and structures existing patient documents (paper files, PDF reports, doctors' letters, lab results), flags gaps and inconsistencies, and drafts discharge letters, extension requests, payer correspondence and forms for physician review.
AI & Machine LearningDigital HealthHealthtech
Nikita Tarasov(Founder)Sven Jungmann(Founder)
Co-investorsCalm/Storm VCVorwerk Ventures
Palo Alto, US
Agris Kipurs(Executive Officer, Director)Edgars Rozentals(Executive Officer, Director)
BoardTuff Yen(Director)
Co-investorsAvant Global LLCZenStone Venture CapitalBase Venture Management, Inc.
Anjuna develops software for secure data sharing and confidential computing in cloud and AI environments.
AI & Machine LearningCloud ComputingCybersecurityDeep TechEnterprise SoftwareSan Francisco, US
Ayal Yogev(CEO)inSteve WeisYan Michalevsky(CTO)in
BoardPeter Barrett(Director)inLonne Jaffe(Director)in
Co-investorsInsight PartnersM VenturesSINEWAVE VENTURESAlpha Intelligence CapitalDCVC (Data Collective)Dorm Room+11 more
Armory provides continuous deployment software that helps development teams automate and manage application releases across their infrastructure at scale, with built-in safety and security controls.
Data & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US
Isaac Mosquera(CTO)inBen Mappen(Chief Customer Officer)inDaniel R. Odio(Founder)Lonne Jaffe(Director)Phil Boyer(Director)Rashmi Gopinath(Director)
Co-investorsBase Venture Management, Inc.Crosslink CapitalInsight PartnersJavelin Venture PartnersLumia CapitalMango Capital+26 more
Blazel is a LinkedIn content and social selling tool that helps a company's executives, sales, and marketing teams generate, schedule, and publish posts in their own voice, using a fine-tuned LLM and a data layer of enriched LinkedIn profiles.
AI & Machine LearningMarketing TechSales Tech
Co-investorsMoment Ventures, LlcSierra VenturesAfore CapitalFirsthandVC
Los Angeles, US
Charles Mason(Executive Officer, Director)
Co-investorsBlockchain CoinvestorsNirvana CapitalPantera CapitalChapter OneRefactor Capital
BuildPass builds a construction technology platform focused on safety management, serving builders and subcontractors.
AI & Machine LearningConstruction TechPropTechSaaSAustralia, AU
Matt Perrott(Founder)inAaron Vanston(Founder)inCaylie McDonaldin
Co-investorsGlitch CapitalMighty PartnersPreston-Werner VenturesCarthona CapitalHorizonMassive Tech Ventures
Design platform; Blackbird invested when it was just an idea and in every round since.
SocialSurry Hills, Nsw, AU
Melanie Perkins(Founder)inClifford Obrecht(Executive Officer, Director)Cliff Obrecht(Founder)inCameron Adams(Founder)inIan LeeJeffrey Story
Co-investors3Spoke Capital500 GlobalAirTree VenturesAlkeon InnovationAlpha Square GroupAltra Venture+58 more
Clarity provides identity security and fraud protection for organizations throughout the candidate and employee lifecycle, using AI detection technology to prevent unauthorized access and insider threats caused by AI-driven identity manipulation.
AI & Machine LearningCybersecurityHR Tech
Ofer Ben-Noon(Co-Founder & CEO)Udi Mokady(Co-founder & CTO)Slavik Markovich(Head of GTM)Eyal Sasson(Head of Fraud & IP)David Lu(Founder)Gil Avriel(Founder)
Co-investorsAscend Venture CapitalBessemer Venture PartnersCommunity Access FundFlying Fish VenturesFusion VCAscend+14 more
Clearspace advocates for reduced screen time in childhood and promotes outdoor activity and unstructured play.
ConsumerImpact & Social GoodSan Francisco, US
Royce Branning(CEO)inOliver Hill(Founder)in
Co-investorsY CombinatorCaladanCapitalize VCCojourn CompaniesDream MachineElementum Ventures+10 more
COVU provides an operating stack for property and casualty insurance agencies, built by former agency operators.
AI & Machine LearningEnterprise SoftwareInsurTechSaaSRedwood City, US
Ali Safavi(Co-Founder and CEO)Seyed Ali Safavi(Executive Officer, Director, Promoter)Matthew Kinley(Director)inTasos Chatzimichailidis(CIE)
Co-investorsBenhamou Global VenturesMarkdBeyond CapitalCadron Capital PartnersDellin InvestmentsIA Capital Group+4 more
Deel is a global HR platform that enables businesses to hire, onboard, and manage employees and contractors across borders.
Enterprise SoftwareFintechFuture of WorkHR TechSaaSSan Francisco, US
Alex Bouaziz(CEO)inShuo Wang(CRO)inAlexandre Bouaziz(Executive Officer, Director, Promoter)Ofer Simon(Founder)Philippe Bouaziz(Executive Officer, Director, Promoter)inDan Westgarth(Founder)
Co-investors515 VenturesAdventure FundAlpha Square GroupAltaclub VCAltaIR CapitalAmplo Ventures+73 more
Ever Loved provides a platform that helps families organize funeral arrangements by connecting them with vendors, managing the typical costs involved, and coordinating community participation and communication.
ConsumerMarketplacesSan Francisco, US
Alison Johnston(CEO)inEric Zarowny(Founder)in
Co-investorsY CombinatorAltaIR CapitalCoughdrop CapitalHack VCXoogler Ventures
HoneyBook is a team collaboration platform that helps service-based businesses manage clients, projects, and team workflows with built-in invoicing and payment processing.
Enterprise SoftwareFuture of WorkSaaS
Oz Alon(Founder)inDror Shimoni(Founder)Naama Alon(Founder)
Co-investors01 AdvisorsAkkadian VenturesAlephArkin CapitalBattery VenturesBling Capital+13 more
Life360 is a family safety mobile application that enables families and friends to share real-time location information, receive driving safety alerts, and check in with loved ones to maintain peace of mind about their whereabouts and well-being.
ConsumerHealthtechIoTSan Francisco, US
Chris Hulls(Founder)inAlex Haro(Founder)inLauren Antonoff(Executive Officer, Director)inRussell Burke(Executive Officer)in
BoardRyan Swagar(Director)Chris Cheever(Director)
Co-investors500 GlobalAmerican Family VenturesApplied AngelsBand of AngelsBessemer Venture PartnersBMW i Ventures+17 more
May Mobility develops multi-policy decision-making technology for autonomous vehicles that processes real-time sensor data to analyze driving scenarios and optimize safety.
Advanced ManufacturingAI & Machine LearningMobility & TransportationRoboticsAnn Arbor, US
Edwin Olson(CEO)inDr. Edwin Olson(CEO and Founder)inAlisyn Malek(COO)Steve Vozar(Founder)
Co-investorsMillennium New Horizons1843 CapitalATEL VenturesBase Venture Management, Inc.BMW i VenturesExpansion Venture Capital+29 more
Placer.ai provides location analytics for brick-and-mortar businesses, retailers, restaurants, and municipalities to understand foot traffic patterns and economic development.
Data & InfrastructureEnterprise SoftwarePropTechRetail TechSaaS
Noam Ben-Zvi(Founder)inJony ShlomoffinOded Fossfeld(Founder)inOfir Lemel(Founder)in
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Co-investors500 GlobalAkkadian VenturesAlephEndeavor8Flucas VenturesHumba Ventures+7 more
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PLEXUSS operates a student opportunity network connecting students with post-secondary institutions worldwide, letting students build profiles to be matched with colleges and access tutoring, coaching, and college-readiness tools.
AI & Machine LearningEdTechMarketplacesSocialWalnut Creek, US
Jamshid Pejman Novin(Executive Officer)
Co-investorsFusionMindset Venture
Prosal offers an AI-based capture intelligence platform that analyzes federal data sources such as FPDS, SAM, and USASpending to surface and prioritize relevant government contracting opportunities.
AI & Machine LearningGovTechSaaS
Co-investorsAlumni VenturesMana VenturesBrickyard
Saga deploys AI agents to automate patient access back office work for healthcare practices, health systems, and medical groups.
AI & Machine LearningEnterprise SoftwareHealthtechSaaSSan Francisco, US
Jenica Zhong(CEO)inJessica Fang
Co-investorsThe E14 FundY CombinatorAmino CapitalAndreessen HorowitzFAST — by GETTYLABGoodwater Capital+6 more
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Tomato.ai builds generative-AI voice tools that soften accents and cancel noise on call center calls in real time.
Danville, US
Ofer Ronen(Founder)inJames Fan(Founder)inYe Jia(Executive Officer, Promoter)
Co-investorsCardumen CapitalCreative HQ — The IncubatorJAZZ Venture PartnersPoint72 VenturesGaingels
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Unit builds a modular, robotic storage-and-retrieval system for single-item ecommerce fulfillment and returns, using palm-sized robots and AI software to automatically store and retrieve individual items in a compact warehouse footprint.
E-commerceLogistics & Supply ChainRobotics
Co-investorsCrosscourt VentureseGateway CapitalThink+ Ventures Management, LlcDynamo VenturesGround Up VenturesPrologis Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
CloudCarAdgile Media GroupAtmanityBeep AICredibleelasticStageFlow SecurityHeal AIMesh SecurityPerspective AIPortfolio Pilot / Global PredictionsRingSellenceTerragritWeb3 ProYOUTH
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Exits · 5
2 IPOs · 3 acquisitions · showing 2Portfolio news
latest coverage across their companiesDeel · thesaasnews.com · Oct 17, 2025
Afternoon.co · afternoon.co · Jul 24, 2025
Frequently asked questions
- How many investments has Recursive Ventures made?
- Recursive Ventures has 43 tracked investments, 5 of which have exited, including 6 dated in the last 24 months.
- What stage does Recursive Ventures invest at?
- Recursive Ventures invests at the Pre-Seed, Seed stages.
- What is Recursive Ventures's typical check size?
- Recursive Ventures typically writes checks of $100K – $1M.
- What sectors does Recursive Ventures focus on?
- Recursive Ventures focuses on AI & Machine Learning, Consumer, Cybersecurity, Data & Infrastructure, Enterprise Software, Fintech, InsurTech, Marketing Tech, Mobility & Transportation, PropTech, SaaS.
- Where is Recursive Ventures located?
- Recursive Ventures is headquartered in San Francisco, US.
- Does Recursive Ventures lead rounds?
- Recursive Ventures typically participates in rounds rather than leading them.
- Who does Recursive Ventures co-invest with?
- Recursive Ventures most often shares deals with Bessemer Venture Partners, DCM Ventures, Kapor Capital, among 41 tracked co-investors.
Media · Podcasts & interviews
featuring the team#91: How pre-seed investors evaluate moats in the AI era | Itamar Novick (Recursive Ventures)
Supra Insider · Itamar Novick
A Solo-Capitalist's Journey in AI & Venture - Itamar Novick, Founder, Recursive Ventures
VC10X with Prashant Choubey · Itamar Novick
The Rise of the Solo Capitalist | Itamar Novick, Recursive Ventures
Sarah Chen-Spellings · Itamar Novick
Why solo capitalists are winning? | Itamar Novick from Recursive Ventures
Understanding VC · Itamar Novick
Why would Recursive Ventures Managing Partner Itamar Novick pass on a founder?
Paige Finn Doherty // Seed to Harvest · Itamar Novick
Why does Recursive Ventures Managing Partner Itamar Novick believe investing early is so important?
Paige Finn Doherty // Seed to Harvest · Itamar Novick
Images
Co-investors · 67
Hack VC is a venture capital firm investing in early-stage crypto, blockchain infrastructure, decentralized finance, and AI companies.
Bessemer Venture Partners is a global venture capital firm that partners with entrepreneurs across enterprise, consumer, and healthcare sectors from early stages through growth.
Village Global is an early-stage venture capital firm that leads pre-seed and seed rounds globally and across sectors, backed by a network of prominent tech founders and operators who serve as LPs.
NFX is a venture capital firm that invests in early-stage startups and provides founders with proprietary software tools, educational content, and a founder network known as the NFX Guild.
Sand Hill Angels is an angel investor group made up of accredited members who invest in and advise early-stage technology startups, primarily in Silicon Valley.
Founders Fund is a venture capital firm that backs technology companies building transformative products.
Alumni Ventures (AV) is a venture capital firm that co-invests alongside lead VCs in startups, backing founders with capital and access to a large investor and operator community.
Founder Collective is a seed and pre-seed stage venture capital firm that invests across sectors, describing itself as sector agnostic and anti-thematic.
Spark Capital is a venture capital firm that partners with founders, known for early investments including leading Twitter's Series B in 2008.
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B Capital is a global investment firm backing early to late-stage technology innovators across technology, healthcare, and energy & resilience sectors.
Norwest is a venture capital and growth equity investment firm that has backed over 700 companies across technology, consumer, and healthcare over its 65-year history.
▶55 more co-investors
UpHonest CapitalSignalFireKapor CapitalAfore CapitalPractical Venture CapitalSierra VenturesArray Ventures Management LlcFontinalis PartnersWalden CatalystFirsthandVCDTCPManchesterStory Group, LLCHillsvenHinge CapitalFusion VCAmiti VenturesDellin InvestmentsGV (Google Ventures)BenchmarkUnknown VenturesFirst Round CapitalUberMenlo VenturesFoundation CapitalTrue VenturesRRE VenturesSlow VenturesPioneerPrecursor VenturesLookout VenturesBonfire VenturesCyberstartsWGI GroupCowboy VenturesDigital Currency Group8-Bit CapitalDnx VenturesPolychain CapitalReach CapitalRelay VenturesFuture Perfect VenturesHouseLightShed VenturesMysten LabsPage One VenturesRichmond Global VenturesSommet ABDocuSignSaints CapitalEnergy Capital VenturesMeridian Street CapitalRpm Ventures Iii Management, L.L.C.Darkmode VenturesDreamit Venturesvgames
Firms observed investing alongside Recursive Ventures, from public investor directories. Shared companies are the overlap with Recursive Ventures's recorded portfolio.
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