The company has strategically invested in various stages in a global roster of well-known companies including Frost Giant, Anzu, Carry1st, InWorld, Voicemod, Immutable, and Karate Combat. Bitkraft Ventures’ funds have shown noteworthy performance, as documented by the Cambridge Associates Benchmarking Data Report 2023. Bitkraft’s inaugural Web 3 fund achieved a top 5% ranking, while its second Venture Fund secured a position in the top 8% of all funds based on Internal Rate of Return (IRR).
Key takeaways:
- Bitkraft Ventures has raised $275 million for a third fund for early-stage investments in gaming and interactive media companies, bringing its total assets under management to over $1 billion.
- The fund will continue to invest in studios, platforms, and technology globally within the gaming and interactive media space at the seed and Series A stages.
- Bitkraft Ventures has strategically invested in various stages in a global roster of well-known companies including Frost Giant, Anzu, Carry1st, InWorld, Voicemod, Immutable, and Karate Combat.
- Despite the challenges in the market, Bitkraft Ventures sees huge growth opportunities in the gaming sector, particularly in mobile gaming, AR/VR, and AI.