Bitkraft Ventures, the world’s gaming and media fund, announced a $275 million investment fund. The company has already successfully nurtured firms such as blockchain developer Jungle and Eve Online creator CCP.
The current funding will be used to fund early-stage gaming ventures. Dealstreet Asia also indicated that at least 15% of the funding had been set aside for Asian-related ventures.
Jens Hilgers who is recognized to be part of Bitkraft Ventures’ founding team address GameBeat in a section stating that:
“At Bitkraft Ventures, 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 breakout successes over the last years, and the advent of AI in game production further benefits new upstarts in the space.”
Carlos Pereira, a partner at Bitkraft Ventures also added on the same saying that despite a projected loss of global revenue in 2023, the massive financing amount proves the enthusiastic role of the private sector in the game investment market.
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