Reciprocal Ventures
Reciprocal Ventures last closed a fund in January 2025 — 22 months ago. By its own rhythm, that is not yet halfway to the next one.
Reciprocal Ventures has raised 3 times about every 47 months. The last was Reciprocal Ventures III, L.P. That points to Dec 2028.
Historically about 1 in 8 firms this early in their cycle filed within a year. The month is approximate — how often this is right.
Mid-cycle This firm is far enough into its last fund to be investing, and too early to be raising again.
- Funds on file
- 3
- Single-deal SPVs
- 2
- Capital raised
- $229M
- Latest close
- January 2025
- Based in
- NY
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Reciprocal Ventures III, L.P. | January 2025 | $100M | 0002017337 ↗ |
| Reciprocal Ventures II, L.P. | July 2020 | $69M | 0001817249 ↗ |
| Reciprocal Ventures I, L.P. | March 2017 | $60M | 0001699694 ↗ |
| Reciprocal Ventures III Feeder, L.P. | January 2025 | $100M | 0002042718 ↗ |
| Malconsorts, a Series of Reciprocal Ventures Opportunity Fund, LP | January 2021 | $700,000 | 0001840369 ↗ |
| Monte Bello, a series of Reciprocal Ventures Opportunity Fund, LP | July 2019 | $141,278 | 0001781621 ↗ |
Dated from filing date; no date of first sale was reported.
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Michael Steinberg, Craig Burel
What Reciprocal Ventures invests in
- Typical fund
- $69M median, seed to early stage
- Website
- recvc.com
Service providers
- Fund administrator
- Reliant Fund Services (2 funds), NAV Consulting (1 fund)
- Auditor
- CBIZ CPAs (3 funds)
From Form ADV filed by RECIPROCAL VENTURE MANAGEMENT, L.L.C. CRD 288520 ↗, latest filing March 2026, covering 3 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.