The company’s latest investment round is its largest to date.
Bitkraft Ventures, a global investment platform for gaming and media projects, recently announced the launch of a $275 million investment round. Once completed, the added projects will reportedly bring the company’s total assets under management to around $1 billion.
The company’s previous rounds included investments in notable companies such as blockchain developer Jungle and Eve Online creator CCP. Its second funding round, dubbed Venture II, largely focused on Web3 and blockchain games.
The latest round will go toward early-stage gaming projects. Dealstreet Asia also reported that at least 15% of the funds have been earmarked for projects in the Asian sector.
Read more
Source: https://cointelegraph.com/news/bitkraft-launches-275-m-gaming-fund-web3-total-managed-assets-1-billion