Bitkraft closes its first fund at 165-million USD
Berlin — German-American venture capitalist Bitkraft has launched its first venture fund. With USD 165 million, the capital raised by the fund, which is focused on financing start-ups in the gaming and e‑sports sector, significantly exceeded the total volume targeted. Investors include the family office of David Rubenstein, co-founder of the Carlyle Group, and JS Capital, an investment firm run by Jonathan Soros. Together with the renowned US law firm Gunderson Dettmer, an SMP team led by Helder Schnittker structured Bitkraft Venture Fund I and advised on tax and regulatory issues.
“We are a good step closer to our goal of building the leading global investment platform in the games and e‑sports industry,” explains Bitcraft founder Jens Hilgers.
Bitkraft Ventures is a global investment platform for gaming, e‑sports and interactive media. Founded by e‑sports veteran Jens Hilgers, Bitkraft connects innovative startups and founders into a global network to drive the building of future-proof virtual worlds. The internationally positioned Bitkraft team adds significant value to its portfolio companies by building early partnerships.
SMP is a specialist tax and commercial law firm operating in the core areas of corporate, funds, litigation, tax and transactions. SMP attorneys and tax advisors represent a wide variety of clients. These include emerging technology companies and family-run medium-sized enterprises as well as corporations and private equity/venture capital funds. Since its foundation in 2017, SMP has become one of the leading addresses for venture capital, private equity and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus, and Chambers and Partners. Today, SMP employs over 50 experienced lawyers and tax advisors in three offices in Berlin, Hamburg and Cologne.
Consultant Bitkraft: SMP
Dr. Helder Schnittker (Lead Partner, Fund Structuring), Partner
Dr. Thomas Töben (Taxes), Partner
Lennart Lorenz (Regulatory Law), Partner
Dr. Sebastian Schwarz (Taxes), Senior Associate