Bitkraft Ventures has raised $275 million for a third fund for early-stage investments in gaming and interactive media companies.
Bitkraft Venture Fund 3 succeeds the company’s two prior early stage equity venture funds. Bitkraft Venture Fund 3 will continue to invest in studios, platforms, and technology globally within the gaming and interactive media space at the seed and Series A stages.
Once closed, this fund will bring Bitkraft Ventures’ total assets under management to over $1 billion. It is the second game VC fund in a week to be announced, in addition to the $35 million Laton Ventures.
Grounded in its vision of synthetic reality, Bitkraft believes in the transformative power of digital experiences, shaping the future of entertainment. With a core belief that humanity is increasingly immersing itself in digital realms, Bitkraft recognizes game companies as central to this development, driving the evolution of digital entertainment.
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Founded by seasoned entrepreneurs and builders in the games ecosystem, Bitkraft has grown from a small team to over 25 professionals distributed globally, with a presence in key markets in Asia, Africa, Europe, and North America.
Jens Hilgers, founding general partner at Bitkraft, said in an interview with GamesBeat that he is pleased with the quality of the team and culture that Bitkraft has created for investing in early stage companies.
“What I think we’re particularly proud of with Bitkraft is that we’ve built a fantastic culture that resonates well with founders because we are straightforward, honest people that have been in the trenches,” Hilgers said. “That’s probably the thing I’m most excited about with Bitkraft. Culture is very easy to destroy. But it takes a very long time to build. And in our business, trust, integrity and being good people, besides being good investors, and making the right decision fundamentally, is incredibly important.”
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