Organization · Venture Capital
Puzzle Ventures
Puzzle Ventures is a €21.5 million early-stage venture fund based in Zurich, Switzerland, focusing on B2B software businesses in Europe. The fund invests in pre-seed and seed rounds, typically between €200,000 and €700,000.
Overview
What Puzzle Ventures does
What Puzzle Ventures is
Puzzle Ventures is a €21.5 million early-stage venture fund based in Zurich, Switzerland, focusing on B2B software businesses in Europe. The fund invests in pre-seed and seed rounds, typically between €200,000 and €700,000.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Structured capabilities
- Funder
- Last reviewed
- March 18, 2026
Official channels
Find Puzzle Ventures elsewhere
Open the official website or a supported primary organization account.
Capability profile
Puzzle Ventures as a funder
Investment thesis
Puzzle Ventures partners with European entrepreneurs to develop transformational B2B software businesses.
Focus narrative
The fund primarily invests in B2B software products that enhance operational efficiency for companies. Puzzle Ventures is particularly interested in early-stage opportunities within Europe, typically participating in pre-seed and seed rounds alongside other venture capitalists or angel investors.
Value beyond capital
Puzzle Ventures adds value to its portfolio companies by leveraging its expertise in B2B software and providing strategic guidance. The fund's network and collaborative approach help entrepreneurs navigate the challenges of early-stage growth.
Terms and economics
- Typical check
- $200,000–$700,000
Focus and fit
- Stages
- Pre-seed · Seed
- Sectors
- SaaS & Cloud Software
- Regions
- Europe
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 17
Portfolio context
Notable portfolio companies include: Ankar: An AI-powered IP intelligence platform. Atlar: A money management solution for modern finance teams. Comstruct: A digital procurement platform for the construction industry. Conlio: An AI-powered freight audit and payments solution for logistics. Duna: A business onboarding platform. Gradient Labs: An AI-first customer support platform. Hyperline: A seamless billing solution from quote to cash. Omnea: A procurement automation platform. Pigment: A business planning platform. PocketLaw: An AI-powered contract management software. Procuros: An integration hub for trade partners. Ravio: A real-time compensation benchmarking tool. Reonic: An operating system for renewable energy installers. Replo: A platform empowering businesses to sell more online. Rillet: An ERP solution for SaaS and usage-based companies. Soda: A data quality platform. Synq: A reliability platform for business-critical data. Tana: A digital environment for human-AI collaboration. Tema: A provider of strategic active ETFs. ZML: A next-generation inference engine.
Common questions
What to know about Puzzle Ventures
Upseed classifies Puzzle Ventures under the Venture Capital organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
March 18, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.