BITKRAFT Ventures raised €139.5M for their new Venture Fund I, focused on gaming, esports as well as interactive media. Among the investors are three important single family offices from Bruce Karsh, David M. Rubenstein and Jonathan Soros.
BITKRAFT Ventures: Leading esports venture capital fund
The San Francisco-based venture capital fund BITKRAFT was founded by veterans of the gaming industry. General Partner Jens Hilgers is the co-founder of the esports league ESL, Malte Barth has more than 20 years experience in executive roles in the media and gaming industry, Scott Rupp has more than 20 years of experience at Modern Times Group, McKinsey or Carlyle. BITKRAFT focuses on funding of Seed and Series A investments. A special focus is on game studios, gaming platforms and “immersive technology”. The main thesis of the fund is that physical and digitial worlds converge – and BITKRAFT is with its investments amid the changing media, gaming and esports environment. Portfolio companies include Askott Entertainment, EPIC Game, Koji or Manticore Games.
Major US single family offices invest in new €139.5M gaming fund
Now, €139.5M were raised for the new Venture Fund I. The round was significantly oversubscribed: the nitial target for the raise was at €105.8M. Besides corporate investors as Adidas or Logitech, also three different major single family offices invested in the round. Bruce Karsh’s single family office, Carolwood Capital Management LLC, was one of the investors. Karsh is a billionaire and founder of Oaktree Capital Management. Another single family office investor is Declaration Partners, the single family office of David M. Rubenstein. Rubenstein is one of the co-founders of private equity giant Carlyle – and also a billionaire. Also, the family office of Jonathan Soros participated in the round.
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