Bitkraft Ventures raises $275 million in new fund

The third fund of venture capital firm Bitkraft Ventures, Bitkraft Venture Fund III, has completed the fundraising of US$275 million for early-stage investments in gaming and interactive media companies. The fund will bring Bitkraft Ventures' total assets under management to more than US$1 billion. The new fund will focus on game studios, technologies and platforms at the seed and Series A stages. (VentureBeat)