CandleFocus Recursive Capital Closes Funding Round to Support Bitcoin Companies in Africa
2024-12-03
Author: Content Editor
Recursive Capital, a venture capital firm focusing on funding bitcoin businesses in Africa, has announced the first close of its Fund I. The fund aims to support companies that provide Bitcoin infrastructure, products with business applications, and advanced technological development in Africa. The fund's CEO, Abubakar Nur Khalil, plans to create a thriving Bitcoin ecosystem in Africa and position the continent as a leader in innovation and growth. Anchor investors in this round include Block Chairman Jack Dorsey, Peter Briger Jr. of Fortress Investment Group, and Jeff Booth of Ego Death Capital. Recursive Capital has already invested in companies such as Bitnob, Fedi, and Synota, and plans to offer strategic insights and mentorship through Recursive Labs.
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