Recursive Capital's Fund I has announced the completion of a new fundraising round, which will focus on supporting Bitcoin startups and ecosystem development in the African market, with areas of interest including cryptocurrency infrastructure, mining, and leading technologies. Currently, its portfolio includes Bitcoin financial services Bitnob, Bitcoin collaborative custody platform Fedi, and Lightning Network payment company Synota.

It is reported that the new fund has not disclosed the amount raised yet, but its investors include Block Chairman Jack Dorsey, former Goldman Sachs partner and Fortress Investment Group Chairman Peter L. Briger Jr., and Ego Death Capital founding partner Jeff Booth.