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Investors / Puzzle Ventures

Puzzle Ventures

Venture capital

puzzle.ventures

Puzzle Ventures is an investment firm focused on early-stage blockchain startups. It aims to support their growth and contribute to the development of the Web3 space.

Invests inFintechAI & Machine Learning

In its own wordsblockchainweb3early-stage

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12portfolio companies
0funding rounds on record
Seedstages it states

Puzzle Ventures lists 12 checked portfolio companies on its own site. Its largest themes are Fintech (47%), AI & Machine Learning (20%) and Cybersecurity (13%). It invests most often alongside D1 Ventures, Animoca Brands and Crypto.com Capital.

No funding round on record names Puzzle Ventures yet, so the figures come from its portfolio page.

Round figures show recent activity, not Puzzle Ventures' whole history. Rounds on record name 0 companies; its own site lists 12. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.

Investment themes

share of its checked companies

This firmAll checked companies

Show as a table
Investment themes
This firmAll checked companies
Fintech47%12%
AI & Machine Learning20%18%
Cybersecurity13%4%
Crypto & Web313%1%
Enterprise Software7%8%

Its portfolio companies

where they are based, and what their own sites show

Site status

  • Site answers12100%
  • No longer answers00%
  • Points to another company00%
  • Parked or sold domain00%

A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.

Investor profile

percentile among all firms
Portfolio size: 12 companiesRecent activity: 0 rounds in 12 monthsEarly stage: 0% of entries at pre-seed or seedEvidence: 0% of companies confirmed by a roundSector focus: 47% in its largest sectorReach: 0 countriesPortfolio size30th pctRecent activity46th pctEarly stage54th pctEvidence52th pctSector focus81th pctReach0th pct
This firmMedian of all firms
Show as a table
Puzzle Ventures compared with all firms
MeasurePercentile of all firmsValue
Portfolio size30th12 companies
Recent activity46th0 rounds in 12 months
Early stage54th0% of entries at pre-seed or seed
Evidence52th0% of companies confirmed by a round
Sector focus81th47% in its largest sector
Reach0th0 countries

Co-investor network

who it backs companies with, and who they back together
21 shared companies15 shared companies14 shared companies10 shared companies9 shared companies9 shared companies9 shared companies9 shared companies7 shared companies7 shared companies6 shared companies6 shared companies6 shared companies5 shared companies5 shared companies5 shared companies5 shared companies5 shared companies4 shared companies4 shared companies4 shared companies4 shared companies4 shared companies3 shared companiesD1 Ventures: 4 shared companiesD1 Ventures4Animoca Brands: 3 shared companiesAnimoca Brands3Crypto.com Capital: 3 shared companiesCrypto.com Capital3MetaWeb Ventures: 3 shared companiesMetaWeb Ventures3SevenX Ventures: 3 shared companiesSevenX Ventures3GeekCartel: 2 shared companiesGeekCartel2HashKey Capital: 2 shared companiesHashKey Capital2Mentha Partners: 2 shared companiesMentha Partners2NGC Ventures: 2 shared companiesNGC Ventures2Pantera Capital: 2 shared companiesPantera Capital2TPC Ventures: 2 shared companiesTPC Ventures21745 Ventures: 1 shared companies1745 Ventures1
Shared portfolio companies with Puzzle VenturesFirms that also back companies together

All co-investors or Compare portfolios with D1 Ventures

Compare Puzzle Ventures head to head

portfolio size, rounds, entry stages, themes and the companies both back

Three or more firms at once: portfolio overlap.

Portfolio

12 companies checked against their own sites
CompanyWhat it doesThemesFirst round with itEvidence
Auroraaurora.devAurora provides a network of virtual chains that run as smart contracts on NEAR, offering developers scalability and speed without high costs and complexity.
FintechCrypto & Web3
Portfolio page
GoPlusgopluslabs.ioGoPlus provides security solutions for Web3 and AI agents
CybersecurityAI & Machine Learning
Portfolio page
Izumiizumi.financeThe company operates a cryptocurrency exchange platform.
Fintech
Portfolio page
JOJOjojo.exchangeJOJO operates a decentralized perpetual exchange on Base.
Fintech
Portfolio page
Neon Labsneonevm.orgNeon Labs develops and maintains Neon EVM, a project that is being wound down
Fintech
Portfolio page
Octopus Networkoct.network
Portfolio page
Offchain Labsoffchainlabs.comOffchain Labs provides blockchain infrastructure and services for companies to scale their finance operations.
FintechEnterprise Software
Portfolio page
Orderlyorderly.networkOrderly provides infrastructure for building perpetual swap decentralized exchanges (DEXs)
FintechCrypto & Web3
Portfolio page
Polyhedra Networkpolyhedra.networkPolyhedra develops and provides blockchain and artificial intelligence technologies, including a programmable settlement layer and various proof systems.
FintechAI & Machine Learning
Portfolio page
Pudgy Penguinspudgypenguins.com
Portfolio page
Ref Financeref.finance
Portfolio page
Scrollscroll.ioThe company provides access to various AI models through a unified interface, including an app, API, and hardware.
AI & Machine LearningCybersecurity
Portfolio page

About this data

site last read 5 Nov 2026
The homepage of Puzzle Ventures, as last read
puzzle.ventures as VCinfo last read it
Site
puzzle.ventures
Last read
5 Nov 2026
Watching since
5 Nov 2026
Companies checked
12

Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.

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