BITKRAFT Ventures raises $165M for esports, gaming investments
BITKRAFT Ventures, a leading esports venture capital fund, announced that it has raised a total of $165 million £125 million) to invest across esports, gaming, and interactive entertainment.
The BITKRAFT Venture Fund I closed above its original target of $125 million (£94.7 million), thanks to contributions from a wide array of investors, including investment firms and corporate investors.
Jens Hilgers, Founding General Partner of BITKRAFT Ventures, commented in a release: “We are grateful to our investors for their confidence in our team’s ability to identify talent, trends, and opportunities in the gaming and esports space. At BITKRAFT, we don’t just support forward-thinking entrepreneurs with capital, but also provide experience, resources, and our global network. While we are living in challenging times, our industry is experiencing strong tailwinds and unprecedented opportunity. There is no better time for BITKRAFT to invest.”
According to a release, BITKRAFT Venture Fund I was backed by investment firms including Carolwood, Declaration Partners, and JS Capital, as well as corporate investors adidas, Logitech, Advance, and WPP. Read more.
