VC BITKRAFT announced the closing of a new round of financing in the amount of 165 million dollars.
The funds will be used for seed and Series A investments in various esport companies.
The esport market is expected to grow at a CAGR of 18.61% between 2018 and 2023.
BITKRAFT Ventures, a Berlin-based venture capital fund, has announced the closing of a new $165 million venture fund to be used for seed and series A investments in various companies related to game studios, interactive platforms and immersive technologies. BITKRAFT Ventures is founded by former ESL CEO and Chairman of G2 Esports, Jens Hilgers.
The investor list of the new fund consists of many renowned names. The category of corporate investors includes names such as Adidas (ETR: ADS), WPP (LON: WPP), Logitech (NASDAQ: LOGI) and Advance Publications. In the family office category, prominent names such as Bruce Karsh’s Carolwood, David M. Rubenstein’s Declaration Partners and Jonathan Soros’ JS Capital were featured.
BITKRAFT initially started with a pre-seed round in 2017 and has since invested in more than 50 companies in North America, Asia and Europe. A complete list of BITKRAFT portfolio companies from previous financing rounds can be found here. The list of invested companies included H4X, FanAI, Anzu.io, VENN, Epics.gg and Epic Games.
Growth of the Global Esport Market
The global market for electronic sports is expected to grow from $694.2 million in 2017 to more than $2.17 billion in 2023, with an annual growth rate of 18.61% between 2018 and 2023. The market dynamics of the e-sports industry are as follows –
Source: Esports market, markets and market reports
BITKRAFT is also an investor in Roundhill Investments – The Roundhill BITKRAFT Esports & Digital Entertainment Exchange Traded Fund, sponsored by Roundhill Investments. It is the first ETF that enables private and institutional investors to invest in esports & digital entertainment.
Understanding the NERD ETF
Source: NERD ETF Investor Deck
NERD Exchange Traded Fund tracks the Roundhill BITKRAFT Esports Index. The index consists of the world’s listed companies in the video games industry. The companies include video game tournament and league operators/owners, competing team owners, streaming network operators, hardware companies, video game publishers and others.
Source: NERD ETF website…