BITKRAFT Ventures announces a $165 million fund for esports, gaming and interactive media out of Berlin Germany

BITKRAFT Ventures, a Berlin-based venture company, announced launching Venture Fund I, a new fund at $165 million.

Venture Fund I, which had an 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.

The fund targets startups active in esports, gaming and interactive media, looking to write cheques at seed and Series A levels. Venture Fund I will follow the firm’s trademarked investment vision of ‘Synthetic Realities’, where the physical and digital worlds converge and consumers flock for entertainment or play.

BITKRAFT Ventures, led by its founding general partner Jens Hilgers, was founded in 2015 and later 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.

BITKRAFT is headquartered in Berlin and has offices in London, Los Angeles and San Francisco.