Venture capital firm Bitkraft has raised $220.6 million for its second token fund

ChainCatcher news, according to CoinDesk, based on a filing submitted to the U.S. Securities and Exchange Commission (SEC) on March 30, the game-focused venture capital firm Bitkraft has raised $220.6 million for its second "token fund." The total fundraising target for this fund is $240 million.

It is reported that Bitkraft launched a similar fund in October 2021, aimed at investing in blockchain games and digital entertainment, securing $7.5 million in committed capital.

Bitkraft was founded in 2016 by gaming and esports veteran Jens Hilgers, focusing on seed to Series B financing for game studios, gaming platforms, and game-related technologies in both Web2 and Web3. Bitkraft's managed assets have grown to approximately $600 million, with one-third related to Web3. The company's funds include an esports-focused fund, a general venture capital fund, and two token funds. The company's investments are made through a combination of equity and tokens.

Additionally, according to data platform Rootdata, Bitkraft's recent investments include Eve Online developer CCP Games and blockchain-supported mobile game developer Jungle. (source link)