# Reciprocal Ventures: portfolio, investments and team

> Reciprocal Ventures is a vc firm based in United States. 3 investments on record, 1 in the last 12 months, latest Nov 2026.

Source: https://millionrounds.com/fund/reciprocal-ventures (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Reciprocal Ventures

Last cheque observed Nov 2026; 3 cheques on record.

Email

VC firm Deploying now New fund $218K, Mar 2026

Pre-seed Seed Series A Nft Metaverse Decentralized

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Deploying now

**100%** of best year **1** **cheques in 12 months**, 3 on record

Since the last cheque **3** days **00** hrs **00** min **00** sec

Median round **$3.5M** Cheque size, as they say **$100K – $3.0M** Rounds led **0 of 3**

Pitch Reciprocal Ventures

## Reciprocal Ventures highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Seed: 100% of its rounds

## What they do

> Partnering with crypto founders from day 0. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $3.0M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Nft Metaverse Decentralized
- **Based in:** New York, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **3 appearances**

- **2026** 1 round
- **Nov** **[CRSHMARKET](https://millionrounds.com/company/crshmarket)** Seed · US · www.tokenpost.com **$3.5M** With 3 others
- **2019** 2 rounds
- **Dec** **[Qwil](https://millionrounds.com/company/qwil)** US · Uk **$24M** With 7 others
- **Feb** **[Graph Protocl](https://millionrounds.com/company/graph-protocl)** Seed · US · FinSMEs **$2.4M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **6 named**

BZ **Benjamin Zehr** Promoter i Filing they signed

CB **Craig Burel** Issuer's General Partner i Filing they signed

GA **Gregory Adeodato Ressi di Cervia** Managing Partner of the Manager of the General Partner i Filing they signed

LP **Long Pham** Managing Partner of the Manager of the General Partner i Filing they signed

MS **Michael Saren Steinberg** Managing Member of the General Partner i Filing they signed

RT **Richard Thoms** Officer of the Issuer's Administrative Manager i Filing they signed

We also hold **12** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$197M** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Reciprocal Venture Management, L.L.C.
- **SEC number:** CRD 288520

Funds on its Form ADV

**6** private funds, **$140M** in gross assets · filed Mar 2024

Venture **4** Crypto fund **2**

- Reciprocal Ventures II, L.P. *Venture* 71 investors $88M
- Reciprocal Ventures I, L.P. *Venture* 18 investors $43M
- RVCF1 LLC *Crypto fund* 12 investors $6.3M
- RV PLCR SPV, LLC *Venture* 14 investors $1.5M
- RVCF2 LLC *Crypto fund* 13 investors $1.1M
- RV XTND SPV, LLC *Venture* 5 investors $541K

## What they claim to have backed

From their own portfolio page (on their website)

**29** of 41 we have independently watched raise

[Blockdaemon](https://millionrounds.com/company/blockdaemon)[Ceramic](https://millionrounds.com/company/ceramic)[Coinflow](https://millionrounds.com/company/coinflow)[Gripsintelligence](https://millionrounds.com/company/grips-intelligence)[Hedgehog](https://millionrounds.com/company/hedgehog)[Helius](https://millionrounds.com/company/helius)[Higlobe](https://millionrounds.com/company/higlobe)[Ironforge](https://millionrounds.com/company/ironforge)[January](https://millionrounds.com/company/january)[Kintsu](https://millionrounds.com/company/kintsu)[Lore](https://millionrounds.com/company/lore)[Mindbridge](https://millionrounds.com/company/mindbridge)[Moonwalk](https://millionrounds.com/company/moonwalk)[N3xt](https://millionrounds.com/company/n3xt)[Nftfi](https://millionrounds.com/company/nftfi)[Placer](https://millionrounds.com/company/placer-ai)[Plink](https://millionrounds.com/company/plink)[Plumenetwork](https://millionrounds.com/company/plume-network)[Predicate](https://millionrounds.com/company/predicate)[Raiku](https://millionrounds.com/company/raiku)[Recall](https://millionrounds.com/company/recall)[Seda](https://millionrounds.com/company/seda)[Skip](https://millionrounds.com/company/skip)[Solana](https://millionrounds.com/company/solana)[Squads](https://millionrounds.com/company/squads)[Tallarium](https://millionrounds.com/company/tallarium)[Tealbook](https://millionrounds.com/company/tealbook)[Thegraph](https://millionrounds.com/company/the-graph)[Truex](https://millionrounds.com/company/truex) App Doublezero Eigenlayer Lmao Mygateway Nymcard Paywithextend Rio Solflare Taina Thirdtimegames Warlock

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$218K**

raised in Mar 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$3.5M** the round, not its cheque

Led 0 of 3 rounds **0%**

- **Said size:** $100K – $3.0M
- **Sole investor:** Never alone
- **Last cheque:** Nov 2026

Rounds by stage said on their site

- Seed said *2*
- Pre-seed said *-*
- Series A said *-*
- Series B said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Quick answers about Reciprocal Ventures

### What does Reciprocal Ventures invest in?

Reciprocal Ventures invests most often at Seed (100% of the rounds on record), in sectors such as Nft, Metaverse and Decentralized.

### How active is Reciprocal Ventures?

3 investments on record, 1 of them in the last 12 months. The most recent was in Nov 2026.

### What has Reciprocal Ventures invested in recently?

Its most recent investments on record: CRSHMARKET (Seed, Nov 2026), Qwil (Undisclosed round, Dec 2019) and Graph Protocl (Seed, Feb 2019).

### How big are Reciprocal Ventures's cheques?

The median round it joins is $3.5M. It says it writes cheques of $100K to $3.0M.

### Is Reciprocal Ventures investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### What kind of investor is Reciprocal Ventures?

Reciprocal Ventures is a VC firm based in New York, United States.

### How much does Reciprocal Ventures manage?

About $197M, as regulatory assets under management (Oct 2026).

### Has Reciprocal Ventures raised a new fund?

Its latest fund filing with the SEC was in Mar 2026, reporting $218K raised.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=reciprocal-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=reciprocal-ventures)
