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The Operating Group

Investor profile

Venture capital

The Operating Group has backed 2 European tech companies across 2 funding rounds between 2023 and 2025, joining rounds totalling €18M. Most active in E-commerce and Fintech. Data as of Nov 2026.

Deals
2
distinct rounds
Companies
2
backed
Active span
2023–2025
3 yrs
Total round €
€18M
sum of rounds joined

Deals by year

distinct rounds / year
The Operating Group — deals by year — interactive chart.
Data table
The Operating Group — deals by year
20231
20251

Top sectors

by deals
The Operating Group — top sectors — interactive chart.
Data table
The Operating Group — top sectors
E-commerce1
Fintech1

Stages

by deals
The Operating Group — stages — interactive chart.
Data table
The Operating Group — stages
Other1
Series A1

Countries

by deals
The Operating Group — countries — interactive chart.
Data table
The Operating Group — countries
UK2

Co-investment network

shared rounds
Co-investment network — interactive chart.
The Operating Group — 2 dealsThe Operating GroupCircle Ventures — 1 shared deals · click to openCircle VenturesHuman Capital — 1 shared deals · click to openHuman CapitalPharsalus Capital — 1 shared deals · click to openPharsalus Capitalstrategic investors — 1 shared deals · click to openstrategic investorsToken Bay Capital — 1 shared deals · click to openToken Bay CapitalXVC Tech — 1 shared deals · click to openXVC Tech

Hover a node for shared-deal counts; click a co-investor to open its profile.

Best viewed on a larger screen.

Portfolio

top 30 by total round €
CompanyCountryRoundsTotal €
Zodia MarketsUK1€16M
VaultikUK1€2.4M

Biggest deals

top 10 by amount
CompanyStageAmountDate
Zodia MarketsSeries A€16M2025-08
VaultikOther€2.4M2023-10
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