The Operating Group is a venture capital firm that invests in blockchain and cryptocurrency companies. The firm partners with entrepreneurs to deliver success across the crypto landscape.
Average disclosed round size is $14.7M (across 9 rounds with reported amounts).
Portfolio
11
Fund Size
—
Top Stage
Unknown
Last 12 Mo
2
Team
ZR
Zach Rowan
Investor
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
11 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Football Fun | Unknown | $2M | Jun 2026 |
 Sport.Fun | Seed | $3M | Dec 2025 |
 Zodia Markets Ltd. | Unknown | — | Jul 2025 |
 Zodia Markets | Unknown | $18.3M | Jan 2025 |
 ProvLabs | Seed | — | Dec 2024 |
 Hang Media, Inc. | Series A | $9.2M | Nov 2023 |
 Karate | Series B | $18M | Apr 2023 |
 Hologram | Seed | $6.5M | Jul 2022 |
 Levelset | Series C | $30M | Dec 2019 |
 Veera | Pre-Seed | $10M | — |
 ProphetX | Unknown | $35M | — |
Top Co-Investors
Human Ventures3 shared
Circle Ventures2 shared
Token Bay Capital2 shared
Sfermion2 shared
Gateway Ventures1 shared
Animoca Brands1 shared
Serengeti Asset Management1 shared
CMT Digital1 shared
Blockchange Ventures1 shared
Nascent1 shared
Polychain Capital1 shared
South Park Commons1 shared
Foothill Ventures1 shared
Inflection1 shared
Delphi Ventures1 shared
Lattice1 shared
Alpha Wave Global1 shared
Delphi Digital1 shared
Gate Labs1 shared
M131 shared
Last updated: 20 October 2026