Puzzle Ventures
Overview
Puzzle Ventures is a research-driven crypto fund dedicated to helping early-stage blockchain startups grow and reshaping the future of the Web3 and crypto space.
Portfolio Companies
21
Website
puzzle.venturesInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Lumoz | Apr 2023 | Seed | Co-investor |
| Multiple Network | Jul 2024 | Seed | Co-investor |
| O3 Swap | Apr 2021 | Strategic | Co-investor |
| Gradient Labs | Jul 2025 | Series A | Co-investor |
| AKI.IO GmbH | Dec 2023 | Series A | Co-investor |
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Key People
Qi Wang
Founding Partner
Ziqi Jerry Zhou
Managing Partner
Calvin Lu
Investment Manager
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Puzzle Ventures based?
Headquarters information for Puzzle Ventures is not publicly available.
When was Puzzle Ventures founded?
Founding year information for Puzzle Ventures is not publicly available.
How many portfolio companies does Puzzle Ventures have?
Puzzle Ventures has 21 portfolio companies in Caplight's dataset.
What are some companies in Puzzle Ventures's portfolio?
Portfolio companies visible on Caplight include Lumoz, Multiple Network, O3 Swap, Gradient Labs, AKI.IO GmbH.
What was Puzzle Ventures's most recent investment shown here?
Puzzle Ventures's most recent investment in this portfolio sample was in Gradient Labs in 2025.
What sectors does Puzzle Ventures focus on?
Puzzle Ventures focuses on Crypto & Web3, Crypto & Web3, Crypto & Web3, Crypto & Web3, Crypto & Web3, Crypto & Web3, Crypto & Web3, Crypto & Web3, AI, Data & Cloud Infrastructure, Crypto & Web3, Crypto & Web3, Enterprise Software, Crypto & Web3, Enterprise Software, Enterprise Software, Energy & Sustainability, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Crypto & Web3, AI, Data & Cloud Infrastructure, Crypto & Web3, Enterprise Software, Crypto & Web3, Media, Entertainment & Gaming, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Media, Entertainment & Gaming, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Enterprise Software, AI, Data & Cloud Infrastructure, FinTech, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, FinTech, Enterprise Software, FinTech, FinTech, FinTech, Media, Entertainment & Gaming.
What company stages does Puzzle Ventures focus on?
Puzzle Ventures typically invests at the Early stage.
What is Puzzle Ventures's AUM?
Puzzle Ventures's assets under management are estimated between $23.2M and $24.2M.