Blue Owl Capital has purchased a minority interest in Bitkraft Ventures

Bitkraft Ventures has received a minority investment from Blue Owl Capital, although the amount remains confidential.

This financial boost comes through Blue Owl's GP Strategic Funding platform and aims to enhance the overall capabilities of Bitkraft's venture capital initiatives, which currently manage assets exceeding $1 billion.

The firm's assets span six distinctive funds focusing on both early-stage and growth-stage ventures, as well as interests in Web3 and cryptocurrencies.

Michael Rees, co-president and leader of Blue Owl's GP Strategic Capital platform, expressed: "We are delighted to aid Bitkraft's expansion as a significant global investment entity in gaming, Web3, and AI."

He further noted Bitkraft's robust and varied investment strategy as a key reason for their support.

Jens Hilgers, the founding general partner at Bitkraft, remarked: "The backing from Blue Owl's Strategic Capital platform enables us to scale up operations and offer better returns to both current and future stakeholders."