Puzzle Ventures
Venture capitalPre-SeedβSeed Β· 3 people tracked
Investment thesis
Puzzle Ventures concentrates on early-stage blockchain and Web3 companies, aiming to help these startups grow and to contribute to shaping the future of the decentralized web.
Source: firm website, verified Aug 3, 2026.
Team Β· 3 people
from the firm's websiteZiqi Jerry Zhou is a Waterloo-based technical operator and experienced software engineer in blockchain, data and APIs; Partner at Sign Protocol, Advisor to DODO, with open DMs for founders.
What they invest in
from 3 of 33 portfolio companiesCrypto & Web3 Γ3Fintech Γ2Cloud Computing Γ1Developer Tools Γ1Enterprise Software Γ1
Investments Β· 33 tracked
founders shown can be your intro pathEthereum compatibility network on Near.
Decentralized bridge connecting all blockchain assets.
Next-generation on-chain liquidity provider.
Permissionless, user-driven security service platform.
Aurora is a network of customizable, EVM-compatible blockchain chains that operate as smart contracts on NEAR, offering developers scalability and low transaction costs without the complexity of traditional Layer 2 infrastructure.
Cloud ComputingCrypto & Web3
Multi-chain Liquidity as a Service platform.
DeFi-native perpetual trading platform.
A fully Ethereum-compatible environment on Solana.
Multi-chain network for Appchains on Near.
Offchain provides enterprise infrastructure and blockchain products for the programmable economy, including scaling solutions, consensus clients, and smart account infrastructure.
Crypto & Web3Enterprise SoftwareFintech
Building Arbitrum to scale the Ethereum ecosystem.
Building a trusted foundation for the intelligent future.
Web3-born brand fostering creativity, freedom, and community.
AMM and a synchronous DeFi shard on Near.
Building the native zkEVM scaling solution for Ethereum.
Building a new standard for the tokenized economy.
A native DEX deployed on the Unagiswap network supported by DEXpert.
A native DEX deployed on the Berachain network supported by DODO DEXpert.
Frequently asked questions
- What stage does Puzzle Ventures invest at?
- Puzzle Ventures invests at the Pre-Seed, Seed stages.
- What is Puzzle Ventures's typical check size?
- Puzzle Ventures typically writes checks of $1M β $5M.
- What sectors does Puzzle Ventures focus on?
- Puzzle Ventures focuses on Crypto & Web3.
- Does Puzzle Ventures lead rounds?
- Puzzle Ventures typically participates in rounds rather than leading them.
Similar investors
Breyer Capital is a venture capital firm that backs high-impact entrepreneurs, making strategic investments guided by founder passion and its network of experienced investors.
Foundation Capital is an early-stage venture capital firm that backs founders from the idea stage, often serving as a company's first investor and supporting them through IPOs and acquisitions.
Kima Ventures operates as a "high-frequency business angel" that backs roughly 2 startups per week with standardized β¬150k checks, using a single-LP evergreen structure funded by French telecom billionaire Xavier Niel rather than behaving like a traditional VC fund. The fund applies a radical diversification strategy across hundreds of global investments with same-amount, same-terms deals and very fast decisions, focusing on backing founders first over traditional traction metrics.


