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Reciprocal Ventures
Reciprocal Ventures is a venture capital firm focused on the digital asset ecosystem, backing founders from pre‑seed through Series A. The firm was founded in...
Reciprocal Ventures
Reciprocal Ventures is a venture capital firm focused on the digital asset ecosystem, backing founders from pre‑seed through Series A. The firm was founded in 2016 by Michael Steinberg, a former technology portfolio manager at SAC Capital. Reciprocal emphasizes long‑term partnerships with founders to scale transformative businesses in crypto and digital assets.
General information
Firm type
Venture Capital
Year founded
2016
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Craig Burel
Managing Partner
Michael Silverman
Managing Partner
name not publicly listed
General Partner
name not publicly listed
Principal
name not publicly listed
Chief Operating Officer
name not publicly listed
Venture Partner
Sector focus
Frequently asked questions
What investment stages does Reciprocal Ventures typically target?
The firm targets seed and early-stage rounds, self-described as 'partnering with crypto founders from day 0.' Portfolio entries confirm initial checks into Solana in 2018, Blockdaemon in 2020, EigenLayer in 2022, and Gateway's seed round also in 2022. Reciprocal does not publicly indicate participation in growth equity or later-stage follow-ons.
Which sectors does Reciprocal Ventures explicitly avoid?
Reciprocal's portfolio exposes no positions in biotech, clean energy, defense, or traditional enterprise SaaS outside blockchain-enabled business models. The firm does maintain a single traditional data and analytics holding — Placer, a location data platform — but otherwise concentrates entirely within the crypto-native taxonomy: DeFi, DePIN, consumer crypto, and core blockchain infrastructure.
What is the geographic concentration of Reciprocal's portfolio?
Reciprocal invests globally but maintains a portfolio with significant North American density, particularly in New York and San Francisco-based developer teams. European-founded infrastructure projects (Ceramic, Grips) and Israeli teams (Placer) also appear. The firm describes itself as 'globally distributed, NY based.'
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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