Recursive Capital’s Fund I Boosts Bitcoin Startups in Africa with New Fundraising Round

On December 2nd, Recursive Capital’s Fund I revealed its successful conclusion of a fundraising initiative aimed at bolstering **Bitcoin** startups and advancing ecosystem development across **Africa**. The strategic focus of this fund emphasizes critical sectors such as **cryptocurrency infrastructure**, **mining**, and **core technology**. Notable additions to the fund’s portfolio comprise **Bitnob**, a financial service tailored for Bitcoin, **Fedi**, a collaborative custody platform enhancing Bitcoin security, and **Synota**, a company leveraging the **Lightning Network** for seamless payments.

While the exact amount raised in this latest fundraising round remains undisclosed, the array of investors includes prominent figures such as Block Chairman **Jack Dorsey**, former Goldman Sachs partner **Peter L. Briger Jr.**, who also chairs Fortress Investment Group, and **Jeff Booth**, founding partner of Ego Death Capital. This influx of investment represents a significant step forward for the regional cryptocurrency landscape and underscores the potential of Bitcoin’s role within emerging markets.