$11M sweet spot round size
Most of their 2 investments are in rounds between $3M and $18M
Recursive Labs raised $18M on February 8, 2022
Investors: Morningstar Ventures, Hashed, Two Sigma Ventures, Pantera Capital, The Spartan Group, DeFiance Capital and Vessel Capital
Burnt Finance raised $3M on May 6, 2021
Investors: Mechanism Capital, Multicoin Capital, Spartan Business + Technology, DeFiance Capital, Alameda Research, HashKey Group, Injective and Vessel Capital