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OGroup / Kryptsu
OGroup / Kryptsu is the multi-family office of Instagram co-founders Kevin Systrom and Mike Krieger, investing in enterprise software, AI, and digital...
OGroup / Kryptsu
OGroup / Kryptsu was formed after Kevin Systrom and Mike Krieger sold Instagram to Facebook in 2012 for $1 billion. Both founders remained at Facebook until 2018, then launched the family office to manage their wealth and invest alongside their own entrepreneurial instincts. The firm invests across enterprise software, AI/ML, fintech, digital health, climate tech, and infrastructure. It makes direct venture-style investments and also commits to external funds. Known portfolio positions include the now-shut search engine Neeva, which Systrom and Krieger founded after Instagram, and the banking startup Mercury. Geographically, the firm is active in the US and Europe. OGroup / Kryptsu operates from offices in San Francisco and New York. The team is small and focused, recruiting from technology and finance backgrounds. In early 2024, Systrom and Krieger were involved in the launch of the AI research lab aimed at developing powerful language models, reflecting their continued engagement with frontier tech. What distinguishes OGroup / Kryptsu is its fusion of founder expertise with a family office structure. Systrom and Krieger personally source and evaluate opportunities, bringing a product-builder's lens to due diligence. This hands-on model is rare among family offices of comparable scale, which typically delegate investment decisions to external advisers.
General information
Firm type
Multi Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Additional offices
New York, NY, United States
Principals
Mike Krieger
co-founder
Kevin Systrom
co-founder
Sector focus
Frequently asked questions
Who runs investment decisions at OGroup / Kryptsu?
Investment decisions are made directly by Kevin Systrom and Mike Krieger, the co-founders of Instagram. They take a hands-on approach, sourcing deals and evaluating opportunities themselves rather than delegating to a professional investment committee. This founder-led structure is a defining feature of the firm.
How does OGroup / Kryptsu source proprietary deal flow?
The firm leverages the broad networks of Systrom and Krieger from their time building Instagram and working in Silicon Valley. They also attract deal flow from their venture investments and from the founders they back, creating a reinforcing referral ecosystem. The firm does not publicly disclose specific sourcing partners.
Is OGroup / Kryptsu structured as a single family office or does it operate more like a venture firm?
OGroup / Kryptsu is a multi-family office, managing wealth for both Systrom and Krieger. It makes direct venture-style investments and also commits to external funds, blending elements of a family office with venture capital behavior. Unlike a traditional VC firm, it does not manage third-party capital in a blind pool fund.
What investment stages does OGroup / Kryptsu typically target?
The firm invests across stages from early-stage startups to later-stage companies, with a focus on businesses where technology offers a competitive edge. They are agnostic to stage and often participate in both primary rounds and secondary transactions. The firm does not limit itself to a single stage, reflecting a flexible, opportunistic approach.
Which sectors does OGroup / Kryptsu explicitly avoid?
The firm does not publicly disclose a list of avoided sectors. However, given the backgrounds of Systrom and Krieger, they are most active in enterprise software, AI/ML, fintech, digital health, climate tech, and infrastructure. They tend to avoid sectors where technology is not a core differentiator.
Where does the underlying wealth come from?
The wealth originates from the $1 billion acquisition of Instagram by Facebook in 2012. Both Systrom and Krieger also earned salaries and equity during their tenure at Facebook through 2018. No further public details on the size or composition of the fortune are available.
Does OGroup / Kryptsu maintain philanthropic structures, and how are they separated?
Systrom and Krieger have engaged in philanthropy independently, including donations to organizations like the Chan Zuckerberg Initiative. They do not publicly maintain a separate philanthropic entity under the OGroup / Kryptsu umbrella. The investment activities of the family office are managed separately from their personal charitable giving.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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