Bitkraft’s $275M Gaming Fund Boosts Managed Assets to $1B

Bitkraft Ventures, a global investment platform focusing on gaming and media projects, has announced the launch of a new investment round worth $275 million. This round is expected to increase the company’s total assets under management to approximately $1 billion. In the past, Bitkraft Ventures has invested in well-known companies such as Jungle, a blockchain developer, and CCP, the creator of Eve Online. The previous funding round, called Venture II, primarily focused on web3 and blockchain games. The latest round will target early-stage gaming projects, with at least 15% of the funds allocated to projects in the Asian sector.

Jens Hilgers, one of the founding partners at Bitkraft Ventures, stated that the company is interested in supporting the next generation of studios, developers, and games. He emphasized their commitment to the future of the gaming industry, citing its growth and success across various platforms. Hilgers also mentioned the significant breakthroughs achieved by new game studios in recent years, attributing their success to the implementation of artificial intelligence in game production.

While the gaming industry faced a decline in global revenues in 2023, web3 projects have experienced a notable recovery since the fourth quarter of that year. Analysts believe that this recovery can be attributed to the rise of Bitcoin. Carlos Pereira, a partner at Bitkraft Ventures, highlighted the strength of web3 gaming during the Q4 2023 recovery, with positive launch activities expected to continue in 2024.

Bitkraft Ventures’ latest funding round, which is their largest to date, indicates a recovery in the private market. Pereira explained that during a period of limited capital availability for venture capital deals, it is natural to observe some divergence between the public and private markets in the gaming and media industry.

Bitkraft Ventures’ new investment round aims to support early-stage gaming projects and consolidate the company’s position as a major player in the gaming and media investment landscape.