With $830 million in assets under management, Bitkraft Ventures has built a name for backing early- to mid-stage web3 games and other immersive technologies. After eight years of investing mostly in the West, the firm is extending its footprint to Asia to capture the continent’s savvy mobile gamers and fledgling web3 gaming space.
Bitkraft, which has a portfolio of over 100 startups, announced today that it is expanding to Asia by bringing on two new members: Jin Oh, formerly president of Riot Games and CEO of Garena, will take the helm as partner; Jonathan Huang, former director at Temasek, will serve as principal.
Currently, Bitkraft invests 15% outside of the Western market, with the majority in Asia. O …
