BITKRAFT Ventures, a Berlin-based VC with offices in London, Los Angeles and San Francisco, has announced a $165 million fund for esports, gaming and interactive media. Cheques will go to seed and Series A rounds in startups that match the firm’s trademarked investment vision of ‘Synthetic Realities’, where the physical and digital worlds converge and consumers flock for entertainment or play.
Venture Fund I, which closed well above its initial $125 million target, is supported by a wide investor base, including Carolwood, the family office of Bruce Karsh; Declaration Partners; JS Capital, the investment firm of Jonathan Soros; and corporates such as adidas, WPP, Advance and Logitech.
“We are grateful to our investors for their confidence in our team’s ability to identify talent, trends, and opportunities in the gaming and esports space,” said Jens Hilgers, BITKRAFT’s founding general partner.
Founded in 2015, the VC launched its first pre-seed fund in 2017, securing $18 million for esports in particular. Now, with the newest fund and a wider investment scope, the firm’s portfolio has over 50 companies across Europe, North America and Asia. Earlier this summer, the team led an $8 million round for Voicemod, a Spanish startup developing voice avatars for gaming.
Photo: BITKRAFT Ventures team