Berlin-based Bitkraft Ventures has raised $ 75 million in a fund that will invest in blockchain gaming and digital entertainment startups. Writes about this Venture Beat.
Firms will receive funding at any stage of development, both in the form of the sale of shares and tokens.
In June, Bitkraft Ventures registered with SEC as an investment advisor. Bitkraft Token Fund I will be led by Piers Kix, founder of Delphi Digital.
The structure has previously invested in six projects, including Yield Guild Games, Immutable, Alethea AI and Horizon Games. Bitkraft Ventures partner Jens Hilgers estimates that by the end of 2022, Bitkraft Token Fund I will provide funding for 25 more startups, including those operating on the Solana network.
As of October 1, AUM Bitkraft Ventures was $ 540 million, and the portfolio covered over 60 startups from North America, Europe and Asia.
As a reminder, the investment arm of Huobi Group has launched a $ 10 million fund to invest in GameFi-projects.
In October, NFT game developers Axie Infinity raised $ 152 million from a16z and Paradigm. The startup’s valuation reached $ 3 billion.
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