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 public directories
What they invest in
from 12 of 28 portfolio companiesCrypto & Web3 Γ9Data & Infrastructure Γ6Developer Tools Γ5AI & Machine Learning Γ4Fintech Γ4Enterprise Software Γ3SaaS Γ2Advanced Manufacturing Γ1
HQs:United StatesΓ2IndiaΓ1
Investments Β· 28 tracked
founders shown can be your intro pathBy year:2026 Β· 22021 Β· 13 dated
Aurora is an Ethereum-compatible scaling solution built as a Virtual Chain on the NEAR Protocol, offering an EVM engine and a bridge for transferring ETH and ERC-20 tokens between Ethereum and Aurora.
Cloud ComputingCrypto & Web3Data & InfrastructureDeveloper Tools
Co-investorsD1 VenturesIOSG VenturesLemniscapMentha PartnersPantera CapitalCrypto com Capital+2 more
Decentralized bridge connecting all blockchain assets.
Built provides a cloud-based platform that connects capital, data, and workflows for real estate finance, enabling lenders, owners, developers, and contractors to fund, manage, and build projects with visibility and control across the entire lifecycle from origination to asset management.
AI & Machine LearningConstruction TechEnterprise SoftwareFintechPropTechSaaSNashville, US
Chase Gilbert(CEO)
Co-investorsFifth WallHDS CapitalIndex VenturesNycaNyca PartnersRenegade Partners+5 more
Co-investorsCoinbase VenturesD1 VenturesIOSG VenturesLongHash VenturesPantera CapitalSevenX Ventures
GoPlus is a decentralized Web3 and AI security platform offering token, NFT, and DApp risk detection through APIs, a browser extension, token locking tools, and AI agent security scanning.
AI & Machine LearningCrypto & Web3Cybersecurity
Co-investorsCatcherVCHyperithmCrypto com Capital
Co-investorsBitDAOLucidBlue VenturesMantle Network
Magma Group provides backend industrial operations services across procurement, materials sourcing, engineering execution, circular recovery, and lifecycle management for factories and manufacturers.
Advanced ManufacturingB2B MarketplacesLogistics & Supply Chain
Co-investorsAccionCapria VenturesGVFL Ltd.Hashkey CapitalSevenX Ventures
Magma helps companies that build AI agents package and license their agents' interaction data β traces, corrections, and completed workflows β to AI labs, paying those companies a revenue share.
AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaSSan Francisco, US
Ramtin Shahzanian(Founder)in
Co-investorsY CombinatorCapria VenturesGVFL Ltd.Hashkey CapitalSevenX Ventures
Neon Labs develops technology to bridge Ethereum Virtual Machine (EVM) applications with the Solana blockchain, aiming to make Web3 transactions faster and cheaper.
Crypto & Web3Data & InfrastructureDeveloper ToolsGrand Cayman
Petrus Dorfling Basson(Executive Officer, Director)Marina Guryeva(Executive Officer, Director)David Charles Lloyd(Executive Officer, Director)
Co-investorsAdvanced BlockchainBollinger Investment GroupNxGenRockawayXWintermute
Offchain provides enterprise infrastructure and blockchain products for the programmable economy, including scaling solutions, consensus clients, and smart account infrastructure.
Crypto & Web3Enterprise SoftwareFintech
Steven Goldfeder(Founder)in
Co-investorsBallistic VenturesCoinbase VenturesDeFiance CapitalFenbushi CapitalLightspeed Venture PartnersPantera Capital+3 more
Co-investorsContinue CapitalD1 VenturesYoubi CapitalZMT Capital
Orderly Network builds trading infrastructure for decentralized finance, aiming to make it accessible across multiple blockchains.
Crypto & Web3Data & InfrastructureDeveloper ToolsFintech
Ran Yi(Founder)
Co-investorsD1 VenturesDragonflyGate VenturesIOSG VenturesMentha PartnersMetastable+9 more
Polyhedra Network builds blockchain infrastructure for AI applications, including EXPchain, a chain for verifiability, data security, and performance of AI systems, and the ZKJ token for gas and governance.
AI & Machine LearningCrypto & Web3Data & Infrastructure
Co-investorsArcane GroupL2 Iterative Ventures (L2IV)LongHash VenturesMapleblock CapitalRR2 CapitalSignum Capital+4 more
Web3 interoperability and scalability platform using zero-knowledge proof systems
Co-investorsMapleblock Capital
Co-investors1k(x)1kxCrit VenturesDigital Finance GroupPentos VenturesYat Siu+1 more
Co-investorsSevenX Ventures
End-to-end risk management technology for DeFi
Co-investorsMoreVCParaFi CapitalIndex VenturesPebblebedTiny Supercomputer Investment Company
Co-investorsD1 Ventures
Co-investorsA.Capital VenturesBain Capital CryptoBixin CapitalBixin VenturesCatcherVCIOSG Ventures+6 more
Building a new standard for the tokenized economy.
Smart Token Labs builds infrastructure for tokenization, including TokenScript (a smart token interface standard for composable tokens), AlphaWallet (an open-source EVM mobile wallet), and Smart Layer (a blockchain-based service network that executes token logic and integrates web services with token functionality).
Crypto & Web3Data & InfrastructureDeveloper Tools
Co-investorsBODL
A native DEX deployed on the Unagiswap network supported by DEXpert.
A native DEX deployed on the Berachain network supported by DODO DEXpert.
Portfolio news
latest coverage across their companiesMagma Β· ycombinator.com Β· Aug 14, 2026
Aurora Β· dupagepolicyjournal.com Β· Jul 18, 2026
Redefine Β· theaiinsider.tech Β· Jul 17, 2026
Built Β· m.economictimes.com Β· Jul 15, 2026
Magma Β· marcamoney.com Β· Dec 20, 2025
Frequently asked questions
- How many investments has Puzzle Ventures made?
- Puzzle Ventures has 24 tracked investments.
- 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.
- Who does Puzzle Ventures co-invest with?
- Puzzle Ventures most often shares deals with D1 Ventures, IOSG Ventures, Pantera Capital, among 54 tracked co-investors.
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