Venture Capital Bitkraft Raises $220.6M for Second 'Token Fund'
Gaming-focused venture capital firm Bitkraft raised $220.6 million for its second "token fund," which had a total target of $240 million, according to a March 30 filing with the U.S. Securities and Exchange Commission (SEC).
The firm launched a similar fund in October 2021, with $75 million in committed capital that was seeking to invest in blockchain gaming and digital entertainment.
For the new fund, however, Bitkraft couldn’t comment on the nature of the investment mandate but partner Carlos Pereira outlined the firm’s general Web3 investment strategy during an interview with CoinDesk.
(by Aoyon Ashraf)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Altcoin Market at a Crossroads: Will a 500% Bullish Breakout Follow?
Altcoins SUI and SEI Show Highly Bullish Indicators as Bitcoin Prints a Lower Low
SOL Price Plummets 50% From $250 to $160 as Billions Exit Network!
Ripple’s Roadmap for Institutional DeFi on the XRP Ledger In 2025
Trending news
MoreCrypto prices
More
