Is Puzzle-Ventures actively investing?

Yes. Oka has 3 funding rounds with Puzzle-Ventures on record from the last 12 months; the most recent is from September 2026.

How much does Puzzle-Ventures typically invest?

Puzzle-Ventures states a typical cheque of €1M – €30M.

Which stages does Puzzle-Ventures invest in?

Puzzle-Ventures invests at Seed and Series A. In the rounds on record, Series A is the most frequent (3 of 5).

Where is Puzzle-Ventures based?

Puzzle-Ventures is headquartered in Berlin, Germany.

Investor directory

Puzzle-Ventures

VC fundBerlin, Germanypuzzle-ventures.com LinkedIn

Puzzle Ventures offers hands-on support and a commitment to the entire entrepreneurial journey.

What they invest in

Stages

Seed Series A

Sectors

FinTech Consumer B2B SaaS

Geographies

Germany

In numbers

In the last 24 months, Puzzle-Ventures took part in 6 funding rounds on record at Oka, 3 of them in the last 12 months. AI / ML is its most frequent sector (4 of 6 rounds with a known sector), Series A its most frequent stage (3 of 5). Most often the startup was based in Germany: 3 of 6 rounds with a known location. The most recent round on record is from September 2026.

As of October 2026. Source: Oka, counted from funding rounds reported in the press; rounds that were never reported are not included.

The facts

Typical cheque: €1M – €30M
Headquarters: Berlin, Germany
Founded: 2022

Portfolio companies

all eyes on screens Ankar comstruct Duna Duvo Gradient Labs Magma Finance ZML

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Recent rounds

Integral
€18MSeries AAI / ML
Mosaic VenturesleadPuzzle-VenturesGeneral CatalystCherry Ventures · +1 more in the source
16 September 2026Germanytech.eu
ZML
$20 millionAI / ML
Puzzle-VenturesDrysdale VenturesLocalGlobe Kindred>commit · +3 more in the source
8 July 2026Francetechcrunch.com
Duna
€30 millionSeries AFinTech
CapitalGleadPuzzle-VenturesIndex Ventures · +6 more in the source
4 February 2026Germanytechcrunch.com
Gradient Labs
€11.08MSeries AAI / ML
Redpoint VenturesleadPuzzle-VenturesExceptional CapitalLocalGlobeLiquid 2
8 July 2025United Kingdomsiliconcanals.com
Ankar
£3M (approximately €3.5M)SeedAI / ML
Index VenturesleadPuzzle-Venturesdaphni Motier Booom · +2 more in the source
28 May 2025United Kingdomsiliconcanals.com

Rounds Puzzle-Ventures took part in, as reported by the linked articles. See who else is investing right now.

Questions founders ask

Is Puzzle-Ventures actively investing?: Yes. Oka has 3 funding rounds with Puzzle-Ventures on record from the last 12 months; the most recent is from September 2026.
How much does Puzzle-Ventures typically invest?: Puzzle-Ventures states a typical cheque of €1M – €30M.
Which stages does Puzzle-Ventures invest in?: Puzzle-Ventures invests at Seed and Series A. In the rounds on record, Series A is the most frequent (3 of 5).
Where is Puzzle-Ventures based?: Puzzle-Ventures is headquartered in Berlin, Germany.

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