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Home » Bitkraft’s total managed assets reach $1B with the launch of a $275M gaming fund.
Bitkraft's total managed assets reach $1B with the launch of a $275M gaming fund.
Bitkraft's total managed assets reach $1B with the launch of a $275M gaming fund.
Blockchain

Bitkraft’s total managed assets reach $1B with the launch of a $275M gaming fund.

04/04/20242 Mins Read
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Bitkraft Ventures, a global investment platform specializing in gaming and media projects, recently unveiled its latest investment round, which is expected to raise $275 million. This influx of funds will bring the company’s total assets under management to approximately $1 billion.

Bitkraft Ventures has previously invested in renowned companies like Jungle, a blockchain developer, and CCP, the creator of the popular game Eve Online. Its second funding round, called Venture II, primarily focused on Web3 and blockchain games.

The new investment round will primarily support early-stage gaming projects. According to Dealstreet Asia, around 15% of the funds will be allocated to projects in the Asian gaming sector.

Jens Hilgers, one of the founding partners at Bitkraft Ventures, expressed the company’s interest in supporting the next generation of studios, developers, and games. He emphasized the importance of embracing innovative ideas in the gaming industry.

Although the gaming industry experienced a decline in revenues globally in 2023, there has been a significant recovery in the Web3 sector since the last quarter of that year. Many analysts attribute this rebound to the rise of Bitcoin.

Carlos Pereira, a partner at Bitkraft Ventures, highlighted the strength of the Web3 gaming segment during the recovery in the fourth quarter of 2023. He mentioned that there has been positive launch activity in this area and further growth is expected in 2024.

The success of Bitkraft Ventures’ latest funding round, which is the largest in its history, suggests that the private market has rebounded. Pereira noted that during times when venture capital deals were scarce, it was expected that there would be some divergence between the public and private markets for gaming and media companies.

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