BITKRAFT, a venture capital firm, has raised $220.6 million for its second token fund, with a total goal of $240 million.

BlockBeats reported on April 7th that BITKRAFT, a venture capital firm focused on the gaming industry, has raised $220.6 million for its second "Token Fund," with a total fundraising goal of $240 million. In October 2021, BITKRAFT launched a similar fund with a capital commitment of $75 million, aimed at investing in blockchain games and digital entertainment. Founded by gaming and esports veteran Jens Hilgers in 2016, BITKRAFT focuses on investing in gaming studios, platforms, and related technologies for both Web2 and Web3. The firm's assets under management have grown to around $600 million and it has become a registered investment advisor. The company's funds include a venture capital fund focused on esports, a general venture capital fund, and two "Token" funds.