Venture capital firm Bitkraft has raised $220.6M for its second "token fund" aimed at gaming and Web3 technologies.
The total target of the fund is $240M. Bitkraft invests in game
studios, gaming platforms, and game-related technology across both Web2
and Web3 sectors from seed to Series B stages. The new funds will be
used to expand the firm's portfolio and support the growth of the gaming
and Web3 industries.
- The
firm has become a registered investment advisor and has approximately
$600M in assets under management, with one-third of that devoted to Web3
opportunities.
- The firm's recent investments have included blockchain-enabled mobile game developer Jungle and Eve Online developer CCP Games.
- The
first token fund of Bitkraft was launched in October 2021, which had
$75M in committed capital, aiming to invest in blockchain gaming and
digital entertainment.
