Blue Owl Capital Acquires Stake in Bitkraft Ventures

Business

05 December 2024 15:39

Blue Owl Capital has acquired a minority stake in Bitkraft Ventures for an undisclosed amount, aiming to bolster the venture capital firm's operations and investment capabilities.

The funding, provided through Blue Owl's GP Strategic Funding platform, will enhance Bitkraft's investment platform, which manages over $1 billion in assets. Bitkraft oversees six funds that focus on early-stage and growth-stage ventures, as well as investments in Web3 and cryptocurrency.

More:XDefiant to Shut Down

"We are pleased to support Bitkraft's continued growth into a globally recognised investment platform for gaming, Web3, and AI," said Michael Rees, co-president and head of Blue Owl's GP Strategic Capital platform. "These are complex markets, but Bitkraft's expansive portfolio demonstrates a thoughtful, diversified approach to investment that we want to support."

Jen Hilgers, founding general partner at Bitkraft, commented: "The investment from Blue Owl's Strategic Capital platform empowers us to operate on an even greater scale and support greater returns to our current and future investors."

Tags: Bitkraft Ventures

Share:

Sources:

Report mistake Submit news

Related news

View All

Bitkraft Ventures Reveals New Fund

Bitkraft Ventures has successfully secured $275 million for its third fund dedicated to early-stage investments in gaming and interactive...

Investments

Apr 04, 2024

FIFA and 2K Reportedly Came Close to an EA Sports FC Rival

A new FIFA game nearly happened. I guess in a way we should be happy cause, players dodged another VC...

Business

Jun 12, 2026

Elder Scrolls 6 'Coming Along Well,' but a Reveal Isn't Close

Xbox Chief Content Officer Matt Booty has offered a small update on The Elder Scrolls 6, saying he has personally...

Business

Jun 11, 2026

Ubisoft's "Final" Round of Cuts Was Five Months and Five Rounds Ago

This is the last time, ok ok this is the last time, it looks like Ubisoft is a sinking ship,...

Business

Jun 11, 2026

Astralis Is Being Forced to Police Its Own Fans

A CEO, a team and fans. This is the trifecta of sports and esports. This story is about this nothing...

Business

Jun 10, 2026

Blue Owl Capital Acquires Stake in Bitkraft Ventures

Business

05 December 2024 15:39

Tags: Bitkraft Ventures

Blue Owl Capital has acquired a minority stake in Bitkraft Ventures for an undisclosed amount, aiming to bolster the venture capital firm's operations and investment capabilities.

The funding, provided through Blue Owl's GP Strategic Funding platform, will enhance Bitkraft's investment platform, which manages over $1 billion in assets. Bitkraft oversees six funds that focus on early-stage and growth-stage ventures, as well as investments in Web3 and cryptocurrency.

More:XDefiant to Shut Down

"We are pleased to support Bitkraft's continued growth into a globally recognised investment platform for gaming, Web3, and AI," said Michael Rees, co-president and head of Blue Owl's GP Strategic Capital platform. "These are complex markets, but Bitkraft's expansive portfolio demonstrates a thoughtful, diversified approach to investment that we want to support."

Jen Hilgers, founding general partner at Bitkraft, commented: "The investment from Blue Owl's Strategic Capital platform empowers us to operate on an even greater scale and support greater returns to our current and future investors."

Share:

Sources:

Report mistake Submit news