Puzzle Ventures is a venture capital firm. Based in Berlin, Germany. Among the 18 companies in the known portfolio are Duna, Rillet, Gradient Labs, Ankar AI, Clique and Blade Games.
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Investment focus
Who to pitch at Puzzle Ventures
Puzzle Ventures portfolio companies (18)
- Duna
- Rillet
- Gradient Labs
- Ankar AI
- Clique
- Blade Games
- Duvo
- comstruct
- Magma Finance
- Metapier
- Multiple Network
- ReadON
- Sender Wallet
- Community Labs
- Integral
- Aki Network
- NUTS Finance
- Reonic
Co-investors
Funds that share portfolio companies with Puzzle Ventures.
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About Puzzle Ventures
The firm's listing covers sectors AI, FinTech and SaaS, and focus areas API, Crypto, Enterprise SaaS and LLM; known deals cluster at Pre-Seed, Seed and Series A.
Of the 3 people on file at Puzzle Ventures, Gloria Baeuerlein (Founding Partner) and Gloria Baeuerlein (Founding Partner) are listed as the contacts to approach first.
Across the known portfolio, 20 co-investors appear alongside Puzzle Ventures, including HashKey Capital, BOOOM💥 and Smrti Lab.
Frequently asked questions
What is Puzzle Ventures?
Puzzle Ventures is a venture capital firm based in Berlin, Germany, with a known portfolio of 18 companies. The portfolio comes from public investment records rather than from the firm, so deals that never surfaced publicly are not in it.
What does Puzzle Ventures invest in?
Listed sectors include AI, FinTech and SaaS; listed focus areas include API, Crypto, Enterprise SaaS and LLM. Those tags come from the portfolio attached to the firm, so they describe what has been backed rather than a stated mandate for what comes next.
What stage does Puzzle Ventures invest at?
The known deals of Puzzle Ventures include Pre-Seed, Seed and Series A rounds. Check that against your own round before reaching out: stage mismatch is the most common reason a well matched sector still goes nowhere.
Who should I pitch at Puzzle Ventures?
2 of the 3 people on file at Puzzle Ventures are listed as contacts for the firm. All 3 have their own profile page.
How do I contact Puzzle Ventures?
Any email address on file for the firm is masked on this page and readable inside RaiseHunt after you create an account. The 3 people attached to the firm have their own pages, each showing whether an address is on file for them.
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Data: RaiseHunt investor dataset · Snapshot 5 September 2026 · How this data is built · Report a correction or request removal