Building upon the success of its two previous Early Stage Equity Venture Funds, Bitkraft Venture Fund 3 aims to continue its support for studios, platforms, and technology globally within the gaming and interactive media sector, focusing on Seed and Series A stages. Upon its completion, this launch will bolster Bitkraft Ventures’ total assets under management to over $1 billion.
Embracing the concept of synthetic reality, Bitkraft is rooted in the belief in the transformative potential of digital experiences, shaping the future landscape of entertainment. Recognizing the growing immersion of humanity in digital realms, Bitkraft views game companies as pivotal players in driving the evolution of digital entertainment. Established by experienced entrepreneurs and builders in the games ecosystem, Bitkraft has expanded from a small team to over 25 professionals distributed globally, maintaining a presence in key markets across Asia, Africa, Europe, and North America.
Jens Hilgers, Founding General Partner at BITKRAFT Ventures, said:
“At Bitkraft Ventures, we are as committed to — and optimistic about — the future of the games industry as we were from the inception of BITKRAFT in 2016. We’ve seen continued growth across all major game platforms in metrics, including user engagement, activity levels, and monetization. Newly formed game studios have seen substantial break out successes over the last years, and the advent of AI in game production further benefits new upstarts in the space. Additionally, we have witnessed increased interest in game content beyond incumbents from media and tech giants, as well as private equity firms entering the landscape of potential buyers, further expanding the exit landscape.”
Bitkraft Ventures has strategically invested across various stages in various globally recognized companies, including Frost Giant, Anzu, Carry1st, InWorld, Voicemod, Immutable, and Karate Combat. The performance of Bitkraft’s funds has been notably strong, as evidenced by the Cambridge Associates Benchmarking Data Report 2023, with Bitkraft’s inaugural Web 3 fund ranking in the top 5% and its second Venture Fund securing a position in the top 8% of all funds based on Internal Rate of Return (IRR).
