About Reflexive Capital
Reflexive Capital is a venture capital firm founded in 2023. It is primarily based out of San Francisco, United States. As of Oct 2026, Reflexive Capital is an active investor, having invested in 17 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Blockchain Technology. Most recently it participated in the $***** Series A round of Fission Labs Overall, Reflexive Capital portfolio has seen 1 acquisition, namely Claim. A lot of funds co-invest with Reflexive Capital, with names like 6MV sharing a substantial percentage of its portfolio. Reflexive Capital has team of 7 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A & Seed
Portfolio Acquisitions
Deals in last 12 months
Reflexive Capital's List of Top Investments
Reflexive Capital has a portfolio of 17 companies. Their most notable investmentis in Peach WorldsTheir portfolio spans across United States, India, United Kingdom and 3 more locations. They have invested in Enterprise Applications, High Tech, Blockchain Technology and 7 other sectors, across stages such as Series A, Seed stages. Here is the list of top investments by Reflexive Capital:
1. Claim
Online platform offering reward points for multi-category products. It enables users to get automated cash back, access to events, merchandise, and more.
Key facts about Claim
- Founded Year: 2021
- Location: Boston (United States)
- Stage: Acquired
- Total Funding till date: $25.9M
- Employee Count: 43 as on Sep 30, 2026
- Investors: Susa Ventures, The Kraft Group and 11 Others
- Latest Funding Round: Series A, Sep 12, 2024, $*****
- Highlight: Acquired
2. Veera
Developer of ad-free, rewards-based Web3 mobile internet browser. The browser integrates a universal Web3 wallet, built-in dApp store, and tracking protection to streamline access to decentralized applications and secure browsing. Users earn points through everyday web and Web3 interactions, which can be exchanged for vouchers or tokens. The platform supports both Web2 and Web3 workflows by blocking ads and trackers, enabling private browsing, and offering seamless asset management. It combines browser, wallet, and rewards in one mobile app to simplify decentralized web adoption and enhance user experience.
Key facts about Veera
- Founded Year: 2022
- Location: Gurugram (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Stage: Seed
- Total Funding till date: $10M
- Employee Count: 189 as on May 31, 2026
- Investors: Accomplice, iSeed Ventures and 11 Others
- Latest Funding Round: Seed, Jan 16, 2026, $*****
- Highlight: Editors' Pick
3. Stablecore
Provider of digital asset infrastructure for financial institution banking systems. This platform enables the integration of stablecoins, tokenized deposits, and digital asset accounts into existing banking interfaces. It facilitates cross-border payments, treasury management, and digital asset lending by connecting core banking systems with external digital asset providers. The technology supports compliant conversion between traditional currency and digital assets for corporate and retail banking customers.
Key facts about Stablecore
- Founded Year: 2025
- Location: Dallas (United States)
- Stage: Series B
- Total Funding till date: $20M
- Employee Count: 29 as on Sep 30, 2026
- Investors: Norwest, EJF Investments and 8 Others
- Latest Funding Round: Series B, Sep 16, 2025, $*****
- Highlight: Editors' Pick
4. Sapien
Data labelling services to fine-tune LLMs. It provides labeling services for managing and scaling data labeling pipelines, for building AI models. Its labeling services include labeler management, fine-tuning through reinforcement learning with human feedback, and scaling labeling resource.
Key facts about Sapien
- Founded Year: 2023
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $15.5M
- Employee Count: 36 as on Sep 30, 2026
- Investors: Mangusta Capital, Primitive Ventures and 7 Others
- Latest Funding Round: Seed, Oct 30, 2024, $*****
- Highlight: Editors' Pick
5. Quantstamp
Smart contract security solutions and services. It provides an automated security tool named Quantstamp protocol. The company conducts manual smart contract audits. Also offers blockchain consulting services. Users can use QSP tokens to scan the smart contracts with off-chain computation from scan nodes.
Key facts about Quantstamp
- Founded Year: 2017
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $1.43M
- Employee Count: 51 as on Jul 31, 2026
- Investors: SoftBank Vision Fund, Nomura and 36 Others
- Latest Funding Round: Seed, Mar 05, 2019, $*****
- Highlight: Editors' Pick
Reflexive Capital's Year-on-Year Investment Trends
Reflexive Capital has invested in 17 companies over the last 3 years, with an average of 2 new investments annually in the last 3 years. In 2025, it made 1 investment, while as of Oct 2026, it has made 1 investment in this year. Its most recent first time investment was in Fission Labs and most recent follow-on round was in Claim.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 1 | 0 | 1 |
2024 | 3 | 0 | 3 |
2023 | 2 | 0 | 2 |
Reflexive Capital's Investments by Stage
Reflexive Capital has made 4 investments in Series A stage with an average round size of $7.16M and 3 investments in Seed stage with an average round size of $3.71M.Stage of entry | No. of Investments |
|---|---|
Series A | 4 |
Seed | 3 |
Note: We have considered here, only first round of investments
Reflexive Capital's Investments by Sector
Reflexive Capital has a diverse portfolio, with companies operating in the Blockchain - Industry Applications, Consumer, Enterprise Applications, Enterprise Infrastructure and Retail. Notably, it has invested in 16 Tech companies, 11 Enterprise (B2B) companies, 11 Software companies and at least 7 companies focusing on Blockchain.Sector | No. of Investments |
|---|---|
Blockchain - Industry Applications | 2 |
Consumer | 2 |
Enterprise Applications | 2 |
Enterprise Infrastructure | 2 |
Retail | 2 |
Others | 4 |
Note: We have considered here, only first round of investments
Reflexive Capital's Investments by Geography
Reflexive Capital has made most investments in India (2), followed by France where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 2 |
France | 1 |
United Kingdom | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Reflexive Capital's recent investments
Reflexive Capital has made 1 investments in 2026 so far - Fission Labs.Here are the most recent investments by Reflexive Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 15, 2026 | India | Series A | 7118 | [+8] | |
May 20, 2025 | - | Series A | 1323 | [+1] | |
Sep 27, 2024 | United Kingdom | Seed | 9732 | ||
Sep 19, 2024 | France | Series A | 5515 | ||
Feb 15, 2024 | India | Seed | 3612 | [+9] |
Acquired companies in Reflexive Capital's Portfolio
1 company from Reflexive Capital's portfolio has been acquired. The most recent acquisition was Claim in Jan 2026 by Wonder for $*****.Here are Reflexive Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 20, 2026 | Dec 20, 2023 | Seed | 9993 |
Team profile of Reflexive Capital
Reflexive Capital has a team of 7 members including 3 Partners and 1 Principal located in United States. Reflexive Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Reflexive Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York | - | ||
Partner | New York City | - | ||
Partner | Dallas | - | ||
Principal | Los Angeles | - | - |
Co-investors of Reflexive Capital
Over the past 3 years, 59 investors have co-invested in Reflexive Capital's portfolio companies. This includes funds and angels.
- Invested before Reflexive Capital: SALT, Kraynos Capital and 6 others have invested in rounds before Reflexive Capital. There is 1 company where SALT has invested before Reflexive Capital and 1 company where Kraynos Capital has invested before Reflexive Capital.
- Top Co-investors of Reflexive Capital: 41 investors entered a company along with Reflexive Capital. These include investors like 6MV (2 companies).
- Invested after Reflexive Capital: A total of 10 investors have invested in Reflexive Capital's portfolio after their investments. Top Investors include VMG Partners (1 company), Lightbank (1 company) and Titan (1 company).
Recent News related to Reflexive Capital
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SG crypto startup Veera raises $10mTech in Asia•Jan 16, 2026•Titan, Veera, 6MV, Ayon Capital and 8 others
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Turtle Raises $5.5 Million to Build Web3’s Largest Liquidity Distribution NetworkVentureburn•Oct 20, 2025•Gami Capital, Theia Tech, Varys Capital, Bitscale Capital and 19 others
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XP Raises $6.2 Million from Blockchange, L1D, Reflexive and others to Revolutionize Ticketing and Put Fans Back in Controlhttps://www.intelligence360.news/•May 29, 2025•Reflexive Capital, L1D, XP
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XP Raises $6.2 Million to Revolutionize TicketingMarTech Series•May 20, 2025•XP, L1D, Reflexive Capital
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Peach Worlds Raises $1.14M in Pre-Seed Round Extension, Driving the Future of 3D Web ExperienceMacau Business•Sep 27, 2024•Peach Worlds, Reflexive Capital, Jenson Funding Partners, Lightning Capital and 1 other
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Blockchain K-Pop firm Modhaus raises $8m funding roundMusic Ally•Nov 14, 2023•Modhaus, Sfermion, SM Culture Partners, Laguna Investment and 5 others
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Threedium Secures $11 Million Series A Led by Interpublic Group To Revolutionize High-Fidelity 3D CommerceBusiness Wire•Oct 25, 2023•Threedium, Interpublic, OLMA Luxury Holdings, ConsenSys Mesh and 8 others
