Reciprocal Ventures

Reciprocal Ventures is a New York fund that describes itself as a "day 0 partner to crypto founders." It has raised at least two funds: an initial roughly $70M vehicle covered by The Block, and a $68.5M second fund announced in June 2022. The team is seven people: Michael Steinberg as Managing Partner, Craig Burel as General Partner, James Evans as Principal, Sam Ruskin as Investment Associate, Ann Rodriguez as COO, and two venture partners, Ali Sheikh and Elle LeeMay Chen.

The portfolio, listed in full on the site, is unusually large for a fund this size, over 40 named companies. A substantial share is Solana-native infrastructure: Helius, Squads, Kamino, Raiku, Solflare and Hedgehog. A second cluster is Ethereum restaking and liquid-staking adjacent (EigenLayer, Rio Network). A third is payments and cross-border rails (Coinflow, HiGlobe, N3XT). Reciprocal also invests outside crypto entirely, in fintech and enterprise SaaS (Placer.ai, Tealbook, WorkRails, Protego Trust Bank), which the fund itself describes as spanning "Web3/Crypto, Fintech, AI, Enterprise, and SaaS."

Reciprocal positions its value beyond capital as partnership, explicitly naming sales coaching and go-to-market help as part of what a founder gets. There is no public deadline structure; the fund runs on a rolling contact-form intake, though a large share of the portfolio suggests warm introductions through existing portfolio founders are common.

Key stats:

• Two funds closed: roughly $70M (Fund I) and $68.5M (Fund II, 2022)
• 40+ named portfolio companies across crypto, fintech and enterprise software
• Seven-person team led by Michael Steinberg and Craig Burel
• Cheque range $100K to $3M per third-party data (not independently confirmed on-site)

Fund handle: @recvcx on X. Individual partner handles were not confirmed in this session.