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BITKRAFT Ventures Has Raised $165m For VC Fund

FUNDRAISING | ANNOUNCEMENT DATE: 27 AUG 2020
WRITTEN BY | 27 Aug 2020
BITKRAFT Ventures Has Raised $165m For VC Fund
FUNDRAISING

💵 Later Stage VC

  • One of the most active gaming- and esports-focused VC fund BITKRAFT Ventures has closed its Esports Venture Fund I at $165m

  • New fund will primarily focus on direct investments in-game developers / IPs, “horizontal technologies”, esports platforms and other sectors

  • Starting the funding process in December 2018, the company initially aimed to raise $125m, but successfully surpassed the initial target

  • Up to date, BITKRAFT has made over 50 investments and deployed over $70M since its inception. See full profile

    • This week BITKRAFT Ventures has led $4.3m Series A funding round of Indian mobile gaming startup Gamezop

💵 Previous Fundraising Campaign

  • In April 2017, BITKRAFT closed its Pre-Seed Fund at $23m from its founding partners Jens Hilgers, Markus Fuhrmann, Minard Hamilton, and other investors including GGV-capital co-founder Hany Nada, Inner Circle Sports and aXiomatic Group

 

SOURCES: BITCRAFT, GAMESINDUSTRY

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LATER VENTURE
BITKRAFT Ventures
  • Established in 2015

  • Headquarters — San Francisco with its team working in Los Angeles, London, and Berlin

  • Founded by Jens Hilgers, Malte Barth and Scott Rupp

  • Team of 8 employees

  • Venture capital firm