Bitkraft Ventures' third fund, Bitkraft Venture Fund III, has completed a fundraising of $275 million

Bitkraft Ventures, a gaming, encryption, and Web3 venture capital firm, announced on the X platform that its third fund, Bitkraft Venture Fund III, has completed a fundraising of $275 million. With this fundraising, the venture capital firm's asset management scale has exceeded $1 billion. It is reported that the new fund will focus on game studios, technologies, and platforms in the seed and A-round stages. Bitkraft Ventures' previous investment portfolio includes Web3 growth marketing service company Addressable, Web3 game studio Bazooka Tango, blockchain music collaboration protocol development company Baton, and Web3 loot blind box development company Lot Labs. Web3 game studio Jungle, Web3 loyalty platform Cub3, Web3 game publisher Carry1st, etc.