doldrums

Bitkraft Ventures — a games investor based out of Denver, Colorado, but with European founders — has raised its third fund, coming in at $275 million. The fund will make seed and Series A investments in gaming studios, and platforms to support game production. The moves comes at a time when games investments have actually declined 72 per cent year on year, according to a recent Pitchbook report. Founded by games industry veteran Jens Hilgers, Bitkraft has over 130 companies in its portfolio, and more than $1 billion in assets under management. Perhaps the best way of positioning Bitkraft is to compare it to Play Ventures in Singapore which has raised $222.9M across 4 funds, but also invests across several types games platforms.