Jake Tucker . Business . Thursday 27th April 2017 . 13:54
ESL founder Jens Hilgers has put together a team of high profile figures and investment groups from sports, entertainment and gaming to create a multi-million esports investment fund.
The fund, called BITKRAFT Esports Ventures fund, has backers from several top-level esports organisations, including Super Evil Megacorp CEO Kristian Segerstrale, the Modern Times Group’s sports investment group MTGx, who acquired ESL and Dreamhack, and several other prominent figures in esports and adjacent industries.
“This fund is the culmination of building and scaling esports and creating outstanding services and products that increase enjoyment for both players and fans,” said Hilgers in a statement.
“This fund is also about living my passion and creating a platform to support those who share this dream and have the drive to create intrinsic value in esports. Everyone involved in BITKRAFT has had outstanding entrepreneurial success in esports or closely related industries.”
BITKRAFT has been investing since March 2016, and so far they’ve invested in 10 esports companies to date. Confusingly, one of the companies they’ve invested in, training platform DOJO Madness, has Hilgers as CEO. Similar,y Boom.tv, a 3D livestreaming platform founded by Sumit Gupta, who is also one of the fund’s partners.
BITKRAFT Eports Ventures is the world’s first esports specific fund, but it’ll be interesting to see if it continues to fund projects from those working with the fund, or if these investments will become more varied as it continues.