Bitkraft Ventures Management, LLC

Multi-stage venture firmSEC-registered adviserRaisingClassification probablebitkraft.vc

We provide early- and mid-stage venture capital and expertise for extraordinary founders in gaming and emerging technology.

In the firm's own words, from its website.

Reported fund assets
$874M
sum of its funds' Form ADV filings, last 30 months
Investment team
16
Latest vintage
2024
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsFundsInvestmentsTeam (25)
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

21 additional team members, 3 additional investments, funds and LPs, 9 events, 1 verified contact (1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 1 vehicle
    on Form D, 18 months

    $64.4M reported sold so far.

    A Form D is filed when a vehicle takes its first money, so these are open to LPs now.

    FactSEC Form D filingsFor LPs, fund-of-funds, placement agentsVehicles →

People to know

View all people
  • Jens Hilgers
    Founding General Partner
    Why: General partner: carries the investment decision
    No route on file yet
  • Malte Barth
    Founding Partner
    Why: Founder of the firm
    No route on file yet
  • Scott Pilling Rupp
    Founding General Partner
    Why: General partner: carries the investment decision
    No route on file yet

Relationship network

29 connected entities

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Fund or vehicle
  • Person

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Bitkraft Ventures Management, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Bitkraft Ventures Management, LLC

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

0 companies on record, 0 new in 12 months
Investments on record
0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
Sectors
ai, consumer, space, crypto, gaming, media
Stages
seed, series a, series b
Geography
global
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 0

Team

25 current, 6 departed
Decision makers
who to call first, and why; then everyone else by function
  • Jens Hilgers · Founding General Partner
    Why this person: General partner: carries the investment decision; Named with investment responsibility
  • Malte Barth · Founding Partner
    Why this person: Founder of the firm; Named with investment responsibility
  • Scott Pilling Rupp · Founding General Partner
    Why this person: General partner: carries the investment decision; Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team
25 current, 6 departed
3 departed (kept with end dates)
  • Bernard Frize · Chief Compliance Officer · Jun 1, 2022 to Feb 6, 2023 Inference
  • Jihoon Kim · Chief Compliance Officer · May 1, 2021 to Jul 1, 2022 Inference
  • Steven Charles Ludwig · Chief Compliance Officer · Dec 1, 2022 to Mar 27, 2026 Fact
Contacts
1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

6 vehicles, 0 LPs disclosed
Funds and vehicles
6 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
BITKRAFT Ventures Fund III, L.P.Fund2024 form d first saleFundraising$41.7M
Mar 27, 2026
38$64.3M
of $275M
Jul 9, 2026
Bitkraft Ventures Token Fund II, L.P.Fund2023 adv first reportedActive deployment$207M
Mar 27, 2026
101unknownunknown
Bitkraft Ventures Fund II, L.P.Fund2021 adv first reportedMature$292M
Mar 27, 2026
120unknownunknown
Limited partners
0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Known LPs and allocators
2 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Danoff Fam Private Charitable Foundation TrFOUNDATIONBITKRAFT VENTURES OPP FUND I at Bitkraft Ventures Management, LLC$1.4M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns
Danoff Fam Private Charitable Foundation TrFOUNDATIONBitkraft Ventures Fund II, L.P.$1.8M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

0 co-investors · on 2 other DFX graphs
Co-investors
0 counted from shared deals, for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Across DFX and the capital chainon 2 other DFX graphs · 1 capital path Show
Across DFX
  • The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Across the graphs

Bitkraft Ventures Management, LLC is the same institution as 2 records in Allocators and RIA and Wealth.

Allocators1RIA and Wealth1

DFX found 2 relationships across 2 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Capital chain

Bitkraft Ventures Management, LLC sits on 1 traced path of capital across the graphs.

Allocator commitments to a manager

DFX traced 1 path of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

14 dated events, 70 observations from 3 sources
Timeline
14 dated events
  1. Mar 27, 2026
    Steven Charles Ludwig (Chief Compliance Officer) no longer on Schedule A of Bitkraft Ventures Management, LLC
    Person leftPeopleInferenceSteven Charles LudwigForm ADV
  2. Mar 27, 2026
    Bitkraft Ventures Fund III, L.P. first reported on Form ADV by Bitkraft Ventures Management, LLC (Venture Capital Fund), GAV $41,731,020
    Fund first reported on Form ADVFundsInferenceBITKRAFT Ventures Fund III, L.P.Form ADV
  3. Mar 29, 2023
    Bitkraft Ventures Token Fund II, L.P. first reported on Form ADV by Bitkraft Ventures Management, LLC (Venture Capital Fund), GAV $218,756,565
    Fund first reported on Form ADVFundsFactBitkraft Ventures Token Fund II, L.P.Form ADV
  4. Feb 6, 2023
    Bernard Joseph Frize (Chief Compliance Officer) no longer on Schedule A of Bitkraft Ventures Management, LLC
    Person leftPeopleInferenceBernard FrizeForm ADV
  5. Dec 1, 2022
    Steven Charles Ludwig joined Schedule A of Bitkraft Ventures Management, LLC as Chief Compliance Officer
    Person joinedPeopleFactSteven Charles LudwigForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 27, 2026 · 6 private fundsShow
Headquarters
unknown
Office address
unknown
Business phone
unknownadviserinfo.sec.gov
Website
bitkraft.vc
SEC adviser type
Registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Mar 27, 2026
Private funds reported
6 (6 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$874Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$874Mthe adviser's RAUM, a regulatory measure, never a fund size
Employees
27
Classification history
Every classification this record has carried2 on recordShow
  1. Sep 23, 2026
    Multi-stage venture firm (probable, 80%)
    Both early and growth/opportunity families, reported GAV $874M
  2. Sep 12, 2026
    Multi-stage venture firm (probable, 80%)
    Both early and growth/opportunity families, reported GAV $831M
Evidence
79 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC funds reportedMar 27, 2026FactForm ADV
SEC adviser typeRegistered investment adviserMar 27, 2026FactForm ADV
SEC adviser typeRegistered investment adviserMar 27, 2026FactForm ADV
SEC adviser typeRegistered investment adviserMar 27, 2024FactForm ADV
First Form ADV filing2019-09-23Mar 27, 2026FactForm ADV
First Form ADV filing2019-09-23Mar 27, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-27Mar 27, 2026FactForm ADV
Latest Form ADV filing2026-03-27Mar 27, 2026FactForm ADV
Latest Form ADV filing2024-03-27Mar 27, 2024FactForm ADV
SEC statusApprovedMar 27, 2026FactForm ADV
SEC status effective2021-06-21Mar 27, 2026FactForm ADV
Venture share of reported funds1Mar 27, 2026FactForm ADV
Venture share of reported funds1Mar 27, 2024FactForm ADV
Business phoneMar 27, 2026FactForm ADV
Business phoneMar 27, 2024FactForm ADV
Contact page urlSep 30, 2026Factno URL
Contact page urlSep 16, 2026Factno URL
DescriptionSep 30, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 13, 2026Factno URL
Employees27Mar 27, 2026FactForm ADV
Employees27Mar 27, 2024FactForm ADV
Self-described typeVenture capitalSep 30, 2026Factno URL
Self-described typeVenture capitalSep 16, 2026Factno URL
Self-described typeVenture capitalSep 13, 2026Factno URL
Legal formLimited Liability CompanyMar 27, 2026FactForm ADV
Portfolio pageSep 30, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 13, 2026Factno URL
Private funds reported6Mar 27, 2026FactForm ADV
Private funds reported6Mar 27, 2026FactForm ADV
Private funds reported5Mar 27, 2024FactForm ADV
Private fund gross assets (reported)$874MMar 27, 2026FactForm ADV
Private fund gross assets (reported)$874MMar 27, 2026FactForm ADV
Private fund gross assets (reported)$831MMar 27, 2024FactForm ADV
Regulatory AUM (adviser, not fund size)$874MMar 27, 2026FactForm ADV
Regulatory AUM (adviser, not fund size)$838MMar 27, 2024FactForm ADV
Schedule a diffsadiff-1Mar 27, 2026FactForm ADV
Stated geographyglobal
“geography words on the home page”
Sep 30, 2026Factno URL
Stated geographyglobal
“geography words on the home page”
Sep 16, 2026Factno URL
Stated geographyglobal
“geography words on the home page”
Sep 13, 2026Factno URL
Stated sectorsAI, consumer, space, crypto, gaming, media
“sector words on the home page”
Sep 30, 2026Factno URL
Stated sectorsAI, consumer, space, crypto, gaming, media
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsAI, consumer, space, crypto, gaming, media
“sector words on the home page”
Sep 13, 2026Factno URL
Stated stagesSeed, series a, series b
“stage words on the home page”
Sep 30, 2026Factno URL
Stated stagesSeed, series a, series b
“stage words on the home page”
Sep 16, 2026Factno URL
Stated stagesSeed, series a, series b
“stage words on the home page”
Sep 13, 2026Factno URL
Team pageSep 30, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 13, 2026Factno URL
Venture funds reported6Mar 27, 2026FactForm ADV
Venture funds reported6Mar 27, 2026FactForm ADV
Venture funds reported5Mar 27, 2024FactForm ADV
WebsiteMar 27, 2026FactForm ADV
WebsiteMar 27, 2024FactForm ADV
Site titleSep 30, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 13, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, probableShow
Importance
38
elevated
Active deployment
60
high
Emerging
0
low
Freshness
100
high
Multi-stage venture firm · probableSEC registered investment adviser

Both early and growth/opportunity families, reported GAV $874M

The inputs behind each score
importance
gav: $1 · funds: 0.5 · people: 0.68 · investments: 0 · co investors: 0
active deployment
investments 12m: 0 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
emerging manager
fund count: 6 · reported gav: $874M · first adv filing: 2019-09-23 · years since first filing: 7

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2019-09-23source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

Not yet on record: new companies, 12 mo.