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Bitkraft Ventures — a games investor based out of Denver , Colorado , but with European founders — is call down its third fund , coming in at $ 275 million . The fund will make seed and Series A investment in gaming studio and platforms to digest game yield . The moves arrive at a metre when game investment funds have actually turn down 72 % year on year , according to a recent PitchBookreport .
Founded by games industry old hand Jens Hilgers , Bitkraft has over 130 companies in its portfolio , and more than $ 1 billion in asset under direction .
The VC is an investor in the Frost Giant studio , which Hilgers seemed particularly excited about .
“ Frost Giant has set out to progress a successor in the real - clock time strategy space . The team had antecedently been involve in ramp up StarCraft and they ’re now launching a game calledStormgate . It ’s highly promise and has had bang-up former reviews . That is a good representative of the character of game ship’s company we endow in . ”
Other investments let in Anzu , an in - game ad platform ; Carry1st , a mobile play platform focused on Africa ; InWorld , a societal weapons platform ; Karate Combat , a warlike arts league ; and Immutable , the creator of the Gods Unchained crypto - based game .
He say the house ’s LP base is a mixing of menage office and institutional fund , and confirmed a major globose sportswear actor as an L-P but was not at liberty to release the name .
“ The scheme we follow up on with the second fund is about 30 to 35 company , mean ticket size of it about $ 4 million , 50 % of the initial upper-case letter and 50 % follow - on . That strategy has looked successful so far . We ’re rated top decile in the latest Cambridge Associates ranking , and we ’re glad with that operation , ” he added .
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Perhaps the in effect way of positioning Bitkraft is to compare it to dally Ventures in Singapore , which has raised $ 222.9 million across four funds but also invests across several type of secret plan program .
