San Francisco · Pre-Seed–Seed · 3 people tracked
Also known as Recursive Ventures (ICCA Labs)
Investment thesis
Recursive Ventures is a solo-capitalist VC firm focused on US pre-seed and seed-stage tech startups leveraging AI. Managed by a single decision-maker with support from a network of founders, operators, and go-to-market experts, the firm emphasizes speed, flexibility, and founder-friendliness, making decisions in days rather than weeks. It intentionally does not lead rounds to avoid founder conflict, but will co-lead pre-seed and seed rounds. Its core value-add is helping portfolio companies secure subsequent institutional funding through seed, Series A, and Series B rounds via hands-on fundraising support, strategy, introductions, and backchannels with top VC firms locally and globally.
Source: firm website, verified Aug 7, 2026.
Team · 3 people
from the firm's website
Founder mafia
3 people who came through Recursive Ventures went on to found or lead other companies.
What they invest in
from 2 of 6 portfolio companiesAI & Machine Learning ×1Future of Work ×1SaaS ×1Social ×1
HQs:United States×3Australia×1
Investments · 6 tracked
founders shown can be your intro pathBy year:2018 · 12017 · 12015 · 13 dated
Tesla designs and manufactures electric vehicles, battery storage and solar products, and develops autonomous driving software.
Palo Alto, US
Elon Musk(Co-founder & CEO)Jeffrey B Straubel(Executive Officer)Martin Eberhard(Founder)inJerome M Guillen(Executive Officer)Deepak Ahuja(Executive Officer)John Douglas Field(Executive Officer)
Co-investorsCapital Q® Ventures Inc.DBL PartnersDraper AssociatesFuture VenturesKluz VenturesM33 Growth+9 more
Palo Alto, US
Philipp Popov(Executive Officer, Director)Linda Khachooni(Executive Officer)
BoardNevijo Mance(Director)Andrew Seligson(Director)Bruce Leak(Director)in
Board seatKonstantin Othmer· per SEC Form D · $44.2M raise · filed Apr 2017
Co-investorsPlayground Global
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
Andrew Preston(Chief Financial Officer)James Groff(Chief Executive Officer)Roger Sippl(Director)Arnold Silverman(Director)David Weekly(Director)Mehdi Maghsoodnia(Director)
Board seatKonstantin Othmer· per SEC Form D · $3M raise · filed Apr 2018
Design platform; Blackbird invested when it was just an idea and in every round since.
SocialSurry Hills, Nsw, AU
Melanie Perkins(Co-founder & CEO)inClifford Obrecht(Executive Officer, Director)Cliff Obrecht(Co-founder & COO)inCameron Adams(Co-founder & CPO)inMelanie Joy Perkins(Executive Officer, Director, Promoter)Clifford James Obrecht(Executive Officer, Director, Promoter)
Co-investors500 GlobalAirTree VenturesAlkeon InnovationAlpha Square GroupAltra VentureAthletic Ventures+35 more
Family location sharing and safety app.
Alex Haro(Cofounder)
Co-investorsBand of AngelsBullpen CapitalKapor Capital
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 · 1
IPOs and acquisitions across the tracked portfolioTeslaNASDAQ: TSLA
Frequently asked questions
- 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.
- 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 AirTree Ventures, Bessemer Venture Partners, Blackbird Ventures, among 51 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
Bessemer Venture Partners is a global venture capital firm that partners with entrepreneurs across enterprise, consumer, and healthcare sectors from early stages through growth.
Kapor Capital is an Oakland-based venture fund that invests in seed-stage technology companies in education, health, and consumer finance sectors. The firm focuses on companies that create both economic and social value.
GV (Google Ventures) is a venture capital firm that has invested in artificial intelligence and machine learning since its early days, building a global portfolio of more than 100 AI companies across infrastructure, life sciences, and applications.
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.
Benchmark is a venture capital firm with offices in San Francisco and Woodside that invests in early-stage startups.
Unknown Ventures is a venture studio based in Austin that provides funding and operational support to early-stage startups at the pre-seed to Series A stage. The firm backs founders seeking to create innovative solutions that improve human experience.
First Round Capital is an early-stage venture firm that backs companies at their earliest moments, often before they are named, across enterprise, AI, consumer, healthcare, fintech and hardware sectors.
Uber is a technology company operating multisided platforms that connect consumers with ride services, transit, delivery of food and groceries, and freight shipping across more than 70 countries and 15,000+ cities.
Menlo Ventures is a venture capital firm that invests in transformative, early-stage AI companies across every layer of the modern AI stack, from applications and middleware to data infrastructure and foundation models.
Foundation Capital is an early-stage venture capital firm that commits to founders at the idea stage and maintains long-term relationships with portfolio companies through their growth journey.
▶55 more co-investors
Spark CapitalB Capital GroupTrue VenturesNorwest Venture PartnersRRE VenturesSlow VenturesUpHonest CapitalPioneerPrecursor VenturesSignalFireLookout VenturesAfore CapitalBonfire VenturesPractical Venture CapitalSierra VenturesHack VCAltaIR CapitalVillage GlobalCyberstartsWGI GroupArray Ventures Management LlcCowboy VenturesDigital Currency Group8-Bit CapitalDnx VenturesNFXPolychain CapitalReach CapitalRelay VenturesFuture Perfect VenturesHouseLightShed VenturesFontinalis PartnersWalden CatalystMysten LabsPage One VenturesRichmond Global VenturesFirsthandVCSommet ABDocuSignSaints CapitalEnergy Capital VenturesSand Hill AngelsDTCPManchesterStory Group, LLCMeridian Street CapitalRPM VenturesDarkmode VenturesDreamit VenturesvgamesHillsvenHinge CapitalFusion VCAmiti VenturesDellin Investments
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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