Reciprocal Ventures

Reciprocal Ventures is an early-stage venture capital firm based in New York City, dedicated to investing in the foundational layers and emerging applications of the Web3 ecosystem. The firm primarily focuses on companies building across decentralized finance (DeFi), blockchain infrastructure, gaming, NFTs, and other innovative digital asset categories. With a thesis centered on supporting disruptive technologies that leverage blockchain for enhanced transparency, efficiency, and ownership, Reciprocal Ventures positions itself as a key enabler for the next generation of internet applications. They are known for their hands-on approach, providing strategic guidance and network access to their portfolio companies.

The firm has successfully raised multiple funds to support its investment strategy. Their first fund, Reciprocal Ventures I, closed at $25 million, demonstrating early conviction in the nascent Web3 space. Building on this success, they subsequently launched Reciprocal Ventures II, which secured $50 million in commitments, further solidifying their capacity to deploy capital into promising early-stage ventures. This progression in fund size reflects a growing confidence from limited partners in Reciprocal's ability to identify and nurture high-potential blockchain and crypto startups.

Reciprocal Ventures typically targets Seed and early Series A rounds, aiming to be among the first institutional investors in companies with strong technical teams and compelling use cases for decentralized technologies. Their portfolio spans a diverse range of Web3 sub-sectors, reflecting a broad yet strategic approach to the evolving digital economy. With over 40 companies in their portfolio, Reciprocal Ventures has established a significant footprint in the Web3 investment landscape, backing projects that are shaping the future of decentralized internet. Their investment philosophy emphasizes long-term partnerships and a deep understanding of the unique challenges and opportunities within the blockchain industry.