Bitkraft Launches Third Fund With a Volume of $275m

Bitkraft Ventures has raised its third fund to invest in seed stage or Series A financing. With this fund, Bitkraft Ventures' investment volume will increase to over one billion dollars.

Bitkraft Ventures is about to embark on a new investment round. Jens Hilgers' German-American company has launched the third Bitkraft Ventures fund. It has a volume of $275 million and will be used to develop studios, platforms and technologies in the gaming and interactive media sectors in the seed and Series A phases.

Hilgers, who co-founded ESL with Ralf Reichert and ran it for many years, writes on X (Twitter): "What we’re particularly proud of with Bitkraft is that we’ve built a fantastic culture that resonates well with founders because we are straightforward, honest people that have been in the trenches. Culture is very easy to destroy. But it takes a very long time to build. And in our business, trust, integrity and being good people, besides being good investors, and making the right decision fundamentally, is incredibly important.

We are as committed to — and optimistic about — the future of the games industry as we were from the inception of Bitkraft in 2016. We’ve seen continued growth across all major game platforms, in metrics including user engagement, activity levels, and monetization. Newly formed game studios have seen substantial break out successes over the last years, and the advent of AI in game production further benefits new upstarts in the space."

Bitkraft Ventures' portfolio includes investments in 135 companies. $850 million has already been raised. The new Bitkraft Ventures Fund 3 brings the firm's total assets to over $1 billion.