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Bitkraft Ventures, a gaming investor with European founders based in Denver, Colorado, has successfully raised $275 million for its third fund. This fund will focus on making seed and Series A investments in gaming studios and platforms that support game production. Despite a 72% decline in games investments year on year, according to Pitchbook, Bitkraft Ventures continues to thrive in the industry. With over 130 companies in its portfolio and more than $1 billion in assets under management, Bitkraft Ventures has proven to be a significant player in the gaming investment space. One of their notable investments is Frost Giant, a studio working on a real-time strategy game called Stormgate. This demonstrates the type of promising gaming companies that Bitkraft Ventures chooses to support.
The firm’s diverse portfolio also includes investments in platforms like Anzu for in-game advertising, Carry1st for mobile gaming in Africa, InWorld for social platforms, Karate Combat for a martial arts league, and Immutable for the Gods Unchained crypto-based game. Bitkraft Ventures’ investment strategy involves a mix of family offices and institutional funds as LPs, with a major sportswear player among its investors. With a successful track record and top decile ranking in the latest Cambridge Associates report, Bitkraft Ventures continues to establish itself as a leading investor in the gaming industry. Comparisons can be drawn to Play Ventures in Singapore, which has raised significant funds across multiple rounds to invest in various types of gaming platforms.
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