Bitkraft Raises $220.6 Million for Its Second Token Fund

According to a report submitted to the US Securities and Exchange Commission (SEC) on March 30th, Bitkraft, a gaming focused venture capital firm, raised $220.6 million for its second token fund, with a total goal of $240 million. The company launched a similar fund in October 2021, with a committed capital of $75 million, aimed at investing in blockchain games and digital entertainment.

Investment company Bitkraft’s second token fund completed a financing of $220.6 million

Bitkraft, a venture capital firm that focuses on investing in gaming companies and blockchain games, recently made headlines for raising $220.6 million for its second token fund. The company, which had launched a similar fund last October with a committed capital of $75 million, had set a total goal of $240 million for its latest fund. In this article, we’ll take a closer look into Bitkraft’s latest fundraising efforts and analyze what it means for the future of gaming and blockchain technology.

What is Bitkraft?

Before we dive into the specifics of their token fund, let’s first take a quick look at who Bitkraft is and what they do. As mentioned earlier, Bitkraft is a venture capital firm that focuses on investing in companies involved in gaming and blockchain technology. Founded in 2016 by Jens Hilgers, a pioneer in the esports industry, Bitkraft has become one of the most successful gaming venture capital firms in the world. The company’s portfolio includes well-known gaming companies such as Epic Games, Bitmovin, and Hatch.

Bitkraft’s Token Fund

Bitkraft announced the launch of its second token fund in January 2021, with a total goal of $240 million. The fund was designed to invest in early-stage blockchain games and digital entertainment companies. The firm was confident that they would be able to reach their goal, and with just over three months left until the end of their fundraising period, they have almost achieved it. Bitkraft revealed in a report submitted to the US Securities and Exchange Commission (SEC) on March 30th that they had raised $220.6 million for their latest fund.

What Does It Mean for Gaming and Blockchain Technology?

The fact that Bitkraft was able to raise such a significant amount of money for its second token fund is a clear testament to the growth and potential of the gaming and blockchain technology industries. Blockchain technology, in particular, has been gaining more and more attention in recent years, and for good reason. It has the potential to revolutionize the way we interact with digital assets and even the way we transact and conduct business. With Bitkraft’s latest fundraising success, it’s clear that more and more investors are recognizing the potential of these industries and are willing to invest in them.

Conclusion

Bitkraft’s recent fundraising efforts for its second token fund demonstrate that the gaming and blockchain technology industries are growing, and investors are taking notice. By investing in early-stage blockchain games and digital entertainment companies, Bitkraft is showing its commitment to helping these industries grow and succeed. Whether you’re an avid gamer or simply interested in blockchain technology, there’s no denying that these industries are shaping the future.

FAQs

Q1. What is Bitkraft?
Bitkraft is a venture capital firm that focuses on investing in gaming and blockchain technology companies. It was founded in 2016 by Jens Hilgers, a pioneer in the esports industry.
Q2. What is Bitkraft’s second token fund?
Bitkraft’s second token fund is a fund designed to invest in early-stage blockchain games and digital entertainment companies. The firm set a total goal of $240 million for the fund.
Q3. How much did Bitkraft raise for its second token fund?
As of March 30th, Bitkraft had raised $220.6 million for its second token fund.