We think of that as the Metaverse, the universe of virtual worlds that are all interconnected, like in novels such as Snow Crash and Ready Player One. They have invested in early-stage game studios, interactive platforms, and horizontal technology around the notion of “ synthetic realities,” a future that embraces the increasing convergence of the physical and digital worlds. Cofounding general partners include Malte Barth and Scott Rupp, and the company recently hired partner Moritz Baier-Lentz. Hilgers is the former CEO of esports company ESL and was cofounder of esports team G2 Esports. Market researcher Newzoo estimates game revenue will hit $160 billion and the global audience will reach 2.7 billion gamers.īitkraft launched its inaugural pre-seed fund in 2017, and including this newly closed Venture Fund, it has built a portfolio spanning more than 50 companies in North America, Europe, and Asia. Titles like Fortnite and Minecraft define modern pop culture and have become social networks and economies of their own. MetaBeat will bring together thought leaders to give guidance on how metaverse technology will transform the way all industries communicate and do business on October 4 in San Francisco, CA.īitkraft Ventures is betting that video games will continue to gain a share of consumer entertainment time and discretionary spending. Meanwhile, acquisition deals were up in Q2 as well. That data is the backdrop for why Bitkraft raised more money than was expected and why it is one of the most active investors in games and esports. Q2 2020’s 86 investments reached $3.8 billion and brought the total for the first half of 2020 to nearly $4.7 billion. The value of tracked game investments for the second quarter was four times higher in the second quarter of 2020, compared to the prior quarter, while the volume increased 18%, according to market analyst DDM. BitCraft Online seems to be going into Pre-Alpha testing and players can sign up to register themselves for it, click the link to find out more No Result. Led by founding general partner Jens Hilgers, Bitkraft Ventures has been one of the most active investors in games and esports in the past few years, and this fund may be the biggest so far. Bitcraft seems to be what everyone in the MMORPG genre has been wanting for the past few years but many. Register today.īitkraft Ventures, a venture capital fund focused on esports, gaming, and interactive media, has raised $165 million for its fund, surpassing its original target of $125 million. Interested in learning what's next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next.