# Recursive Ventures

Recursive Ventures is a Venture Capital based in San Francisco, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** www.recursiveventures.com
- **LinkedIn:** https://www.linkedin.com/company/recursive-ventures

## Regulatory record

- **CRD number:** 291597
- **SEC file number:** 802-112307
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/291597

## About

Recursive Ventures is a nano seed fund investing in early-stage companies. It has made 18 investments, including a Pre-Seed investment in Blazel on February 10, 2026. Recursive Ventures has one portfolio exit, Watchful, which exited on April 17, 2024.

## Sectors

- AI/ML
- FinTech
- Enterprise Software
- Data & Analytics
- PropTech
- Mobility & Transportation
- Cybersecurity
- InsurTech
- Healthcare Services
- Consumer
- MarTech

## People

- Itamar Novick — Managing Partner

## Questions

### Who runs investment decisions at Recursive Ventures?

Itamar Novick is the sole decision-maker. The firm is structured as a solo-capitalist vehicle, which means there is no investment committee. Novick's judgment alone drives deployment, supported by venture partners Chris Hulls and Konstantin Othmer.

### Does Recursive Ventures lead rounds?

No, Recursive intentionally does not lead investment rounds. The firm co-leads pre-seed and seed rounds, a policy designed to minimize potential governance conflicts with founders. This posture allows Recursive to deploy capital without the controlling dynamics that can accompany lead-investor rights.

### What stages does Recursive Ventures target?

Recursive invests exclusively in pre-seed and seed-stage startups. It continues to support portfolio companies in subsequent rounds — Series A, Series B, and beyond — primarily through fundraising assistance and syndicated follow-on capital.

### How does Recursive Ventures source deals?

The firm's submission process requires a warm introduction: founders must submit a pitch deck through a mutual LinkedIn connection who can vouch for them. Recursive also conducts due diligence by back-channeling with a founder's colleagues and peers before making an investment decision.

### What geographic and sector focus does Recursive Ventures have?

Recursive is focused on US-based founders targeting the US market, with a concentration on the San Francisco Bay Area. Its sector thesis centers on data and AI-driven disruption across fintech, proptech, mobility, insurtech, cybersecurity, and enterprise software.

### How is Recursive Ventures structured — is it a fund or an individual's vehicle?

It is a solo-capitalist venture firm managed by Itamar Novick. The structure eliminates partner-level politics and enables a decision-making process that can produce an investment verdict within days, rather than weeks, according to the firm.

## Related profiles

- [Recursive Capital](https://altss.com/profile/recursive-capital)
- [Red Abbey](https://altss.com/profile/red-abbey)

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Last updated: 2026-06-03T20:00:00.000Z

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