Bitkraft Ventures, a Denver-based venture capital firm, is planning a third funding round worth $275 million. This move highlights its continued commitment to the digital entertainment industry and the gaming sector, despite a decline in general financing.
Under the leadership of Jens Hilgers, Bitkraft Ventures continues to maintain a strong reputation in the gaming sector despite challenging market conditions and a significant decline in gaming investments. Hilgers strategic insights and guidance have been key in navigating the firm through these trying times.
The firm has partnerships with over 130 companies and manages over $1 billion in assets. Some of its notable partnerships include gaming giants such as Epic Games and Activision Blizzard.
Beneficiaries of Bitkraft’s funding include Frost Giant studio, the creator of StarCraft. The funding will support the development of their upcoming game, which is expected to make a significant impact in the realm of real-time strategy games. Bitkraft’s support will also bolster Frost Giant’s marketing efforts, thereby increasing anticipation and reach upon the game’s launch.
Bitkraft Ventures’ strategic gaming investments
Bitkraft Ventures maintains a diverse portfolio, which includes projects in in-game advertising, mobile gaming, social platforms, martial arts leagues, and crypto-based gaming. Their commitment to partnering with innovators in the gaming and digital space speaks to their strong support for cutting-edge technology and concepts.
The firm’s second fund, which invested in up to 35 companies with an average investment of $4 million, illustrates their commitment to promoting innovation in the tech industry. Hilgers shares that splitting capital, with 50% allocated for startup investments and 50% for follow-up, has proven successful and has placed Bitkraft Ventures in the top tier of the most recent Cambridge Associates rankings.
Bitkraft Venture’s investment strategy aligns closely with that of Singapore-based Play Ventures. Both firms’ consistent support of diverse gaming platforms demonstrates their commitment to the industry. This dedication, as shown by Bitkraft Ventures, translates into an impressive accumulation of funds aimed at fostering innovation in the gaming sector.
