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  4. /Puzzle Ventures
PV

Puzzle Ventures

DeepTech NativeChinaActiveWebsiteLinkedIn
Stage FocusSeed, Series A
GeographyGlobal
TypeVC
Last Activity2025
Industry Focus
Industries
BlockchainAI
Investor TypeDeepTech Specialist
ExposureSome DeepTech Investments
Bio

Puzzle Ventures is an early-stage venture fund focused entirely on blockchain and Web3 startups, active since at least 2020.

The portfolio spans three categories: DeFi (DODO, a next-generation on-chain liquidity provider; JOJO, a DeFi-native perpetual trading platform; Ref Finance, an AMM and synchronous DeFi shard on Near; Izumi, a multi-chain liquidity-as-a-service platform; BoringDAO, a decent...

Notable Investments
D
DODO
O
Offchain Labs
P
Pudgy Penguins
G
GoPlus Security
S
Scroll
O
Orderly Network
P
Polyhedra Network
R
Ref Finance
I
Izumi
B
BoringDAO
N
Neon Labs
O
Octopus Network

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