Puzzle Ventures Fund I — Pre-Seed & Seed VC Firm ($100K–$500K Checks)
Puzzle Ventures Fund I is a Pre-Seed, Seed venture capital firm investing in SaaS, Fintech, AI / ML. The firm typically writes $100K–$500K checks and has 21 portfolio companies in our records.
- Check size
- $100K–$500K
- Portfolio
- 21 companies on record
- Partners
- 2 listed
- Stage
- Pre-Seed, Seed
- Sectors
- SaaS, Fintech, AI / ML, Enterprise
- AUM
- Not in our records
Last verified: 2026-11-01
Pre-Seed, Seed
$100K – $500K
21+ companies
2 partners
Investment Thesis
Emerging solo-GP vehicle focused on European B2B SaaS and fintech. Included because it is explicitly a Fund I-style emerging manager with a software-first thesis.
How Puzzle Ventures Fund I invests
Puzzle Ventures Fund I is a vc firm. The firm invests at the Pre-Seed, Seed stages, with a focus on SaaS, Fintech, AI / ML, Enterprise.
Puzzle Ventures Fund I typically writes checks of $100K–$500K per investment.
Puzzle Ventures Fund I has backed 21 companies in our records, including Ankar, Atlar, Comstruct.
Partners & Team
Gloria Baeuerlein
Solo GP
Founder of Puzzle Ventures, a €21.5M early-stage venture fund that invests €200k to €700k in pre-seed and seed rounds in European B2B software companies. Website lists her under 'Our Founder' with a LinkedIn profile reference, but no full LinkedIn URL is shown in the content.
Industry Focus
Invests In
Portfolio Companies (21)
Other
Ankar
AI-powered IP intelligence platform
Atlar
Money management for modern finance teams
Comstruct
Digital procurement for the construction industry
Conlio
AI-powered freight audit and payments solution for logistics
Duna
Business onboarding platform
Gradient Labs
AI-first customer support platform
Hyperline
Seamless billing from quote to cash
Omnea
Effortless procurement automation
Pigment
Business planning platform
PocketLaw
AI-powered contract management software
- •Raising at Pre-Seed, Seed? You're squarely in their sweet spot.
- •Lead with your fit in SaaS, Fintech, AI / ML — the sectors they actively back.
- •Size your ask to their typical $100K – $500K check.
- •warm intro preferred
- •Address your outreach to a specific partner, such as Gloria Baeuerlein, Solo GP.
- •A warm introduction beats a cold email. Get matched and request an intro.
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