Seller Details:
BITKRAFT Ventures is a global early-stage investment platform for gaming, Web3, and immersive technology, with assets under management totaling over $1 billion. With a focus on Seed, Series A, and Series B investments across the spectrum of interactive media, BITKRAFT is at the forefront of the Synthetic Reality™ tech revolution, where physical and digital worlds converge.
Buyer Details:
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives. With over $235 billion in assets under management as of September 30, 2024, the company invests across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, they provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.
Transaction Summary:
This investment enables BITKRAFT to further build out its operating capabilities and expand its investment platform, which includes more than $1 billion in assets under management with six funds covering Early-Stage Venture, Growth-Stage Venture, and Web3/Crypto. Global video games revenue is one of the fastest growing entertainment and media segments and is projected to top $300 billion USD in 2028.