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Puzzle Ventures

Berlin, Germany · Invests in US; Europe; Asia · Website

SeedSeries ADeveloper ToolsFintechCrypto & Web3Developer Tools & InfrastructureFintech & Payments

Thesis

Finding the next puzzle piece in the crypto space. Puzzle Ventures helps early-stage blockchain startups grow and reshape the future of Web3 through strategic capital, infrastructure expertise, and deep crypto ecosystem connections.

Likely not a fit for

Consumer-facing consumer apps requiring massive user acquisition, non-protocol blockchain projects without clear token economics, traditional SaaS masquerading as blockchain

How they invest

Lead or follow
Usually follows
Typical decision
~2 weeks
Warm intro
Preferred
Involvement
Passive
Fund status
Actively deploying
Decision process
Partnership vote

Partners & team

4 contacts on file

QW

Qi Wang

General PartnerFounding Partner · Primary contact

+ Pitch
CL

Calvin Lu

InvestorInvestment Manager

+ Pitch
ZJ

Ziqi Jerry Zhou

General PartnerManaging Partner

+ Pitch

LinkedIn profile

X profile

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EY

Eric Yang

Researcher

+ Pitch

Portfolio

DODOFintech Payments

DODO is an on-chain liquidity provider that offers innovative DeFi solutions, including a trading widget and developer portal for seamless integration into decentralized applications.

UnagiswapFintech Payments

Unagiswap is a decentralized exchange on the Taiko blockchain, offering an airdrop powered by DODO DEXpert.

WasabeeFintech Payments

Wasabee is a trading solution for memecoins and long-tail assets within the Berachain ecosystem, leveraging advanced liquidity management strategies to optimize trading experiences.

Offchain LabsDeveloper Tools Infra

Offchain Labs is dedicated to building cutting-edge scaling solutions for Ethereum, including products like Arbitrum One, Arbitrum Nova, and Prysm, aimed at enhancing the Ethereum ecosystem and enabling developers to create blockchain applications.

Pudgy PenguinsGaming

Pudgy Penguins is a web3-born brand that fosters creativity, freedom, and community, producing content, merchandise, toys, and digital collectibles.

Go Plus LabsSecurity Cyber

GoPlus Security is building Web3's first decentralized security layer, providing comprehensive protection across all blockchain networks. Through its open, permissionless, and user-driven architecture, GoPlus can be seamlessly integrated by any blockchain or project to protect their users throughout their entire transaction lifecycle. By leveraging AVS and cutting-edge AI powered security solutions, it conducts thorough risk analysis and delivers smart, efficient and decentralized security.

ReadonMedia Entertainment

ReadON is a Web3 content reading app that aims to reshape digital reading behaviors through Game-Fi mechanisms, allowing users to earn rewards while reading quality content.

JOJOFintech Payments

JOJO is pioneering AI-driven decentralized trading on Base, leading the perpetual DEX space by trading volume. With cutting-edge AI technology, JOJO enhances trading efficiency, automates market strategies, and minimizes human error. Traders can leverage up to 1000x and access one-click funding rate arbitrage opportunities.

Silicon TradeFintech Payments

SiliconTrade provides an AI-driven platform for accurate, real-time trading decisions for both retail and institutional traders.

ScrollDeveloper Tools Infra

Scroll is the most secure and performant network, built for the Open Economy. Built for the builders, by the builders, we are on a mission to deliver fast and cost-effective transactions, all while maintaining the top-notch security offered by Ethereum.

Orderly NetworkFintech Payments

Orderly Network is a permissionless liquidity layer for Web3 trading, providing a unified trading order book connected to every leading blockchain, empowering Web3 teams with comprehensive dApp tools and liquidity.

Neon LabsDeveloper Tools Infra

Neon Labs is focused on creating a high-performance Ethereum execution layer within Solana, allowing developers to deploy existing Solidity apps with zero code changes while benefiting from Solana's parallel execution and ultra-low fees.

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Research briefRead more
Puzzle Ventures Research Investment Thesis Puzzle Ventures is dedicated to helping early-stage blockchain startups grow and reshape the future of the crypto space. Operating as a hybrid fund, Puzzle Ventures uniquely combines European tech credibility with deep integration into the Asian crypto ecosystem through Beijing-linked partnerships and DODO Research collaboration. The fund believes the nex

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