Venture capital firm Bitkraft has raised $220.6 million for its second token fund

2023-04-07 08:19:17

Collection

ChainCatcher news, according to CoinDesk, based on a filing submitted to the U.S. Securities and Exchange Commission (SEC) on March 30, the game-focused venture capital firm Bitkraft has raised $220.6 million for its second "token fund." The total fundraising target for this fund is $240 million.

It is reported that Bitkraft launched a similar fund in October 2021, aimed at investing in blockchain games and digital entertainment, securing $7.5 million in committed capital.

Bitkraft was founded in 2016 by gaming and esports veteran Jens Hilgers, focusing on seed to Series B financing for game studios, gaming platforms, and game-related technologies in both Web2 and Web3. Bitkraft's managed assets have grown to approximately $600 million, with one-third related to Web3. The company's funds include an esports-focused fund, a general venture capital fund, and two token funds. The company's investments are made through a combination of equity and tokens.

Additionally, according to data platform Rootdata, Bitkraft's recent investments include Eve Online developer CCP Games and blockchain-supported mobile game developer Jungle. (source link)

Related tags

Bitkraft VC fund raising

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.