Bitkraft Ventures Raises $275M for Gaming Investments

Bitkraft Ventures, a Denver-based games investor, has raised $275 million for its third fund. The fund will support gaming studios and platforms to boost game production. Despite a 72% decline in games investments, Bitkraft has over 130 companies in its portfolio and more than $1 billion in assets under management. The VC firm is excited about investments like Frost Giant, Anzu, Carry1st, InWorld, Karate Combat, and Immutable. Bitkraft's LP base includes family offices and institutional funds, with a major global sportswear player as an LP. With a successful investment strategy, Bitkraft is compared to Play Ventures in Singapore, which has raised $222.9 million across four funds.