Bitkraft Ventures — a video games investor based mostly out of Denver, Colorado, however with European founders — has raised its third fund, coming in at $275 million. The fund will make seed and Collection A investments in gaming studios, and platforms to assist sport manufacturing. The strikes comes at a time when video games investments have truly declined 72% yr on yr, in response to a latest Pitchbook report.

Based by video games trade veteran Jens Hilgers, Bitkraft has over 130 corporations in its portfolio, and greater than $1 billion in property beneath administration.

The VC is an investor within the Frost Large studio, which Hilgers appeared significantly enthusiastic about.

“Frost Large has got down to construct a successor within the real-time technique house. The crew had beforehand been concerned in constructing StarCraft and so they’re now launching a sport known as Stormgate. It’s extremely anticipated and has had nice early opinions. That could be a good instance of the kind of  video games firm we spend money on.”

Different investments embrace Anzu, an in-game advert platform; Carry1st, a cell gaming platform targeted on Africa; InWorld, a social platform; Karate Fight, a martial arts league; and Immutable, the creator of the Gods Unchained crypto-based sport.

He mentioned the agency’s LP base is a mixture of household workplaces and institutional funds, and confirmed a significant world sportwear participant as an LP however was not at liberty to launch the title.

“The technique we pursued with the second fund is about 30 to 35 corporations, common ticket measurement about $4 million, 50% of the preliminary capital and 50% follow-on. That technique has regarded profitable to this point. We’re rated prime decile within the newest Cambridge Associates rating, and we’re pleased with that efficiency,” he added.

Maybe one of the best ways of positioning Bitkraft is to match it to Play Ventures in Singapore, which has raised $222.9 million throughout 4 funds but additionally invests throughout a number of varieties video games platforms.