Carlos Pereira is named General Partner and Jonathan Huang becomes Partner. Former TRS Investment Fund Director Matt Halstead Joins Firm as a Venture Partner
DENVER – May 28, 2025 – BITKRAFT Ventures, a leading early-stage investment firm focused on interactive media and entertainment, today announced promotions for Carlos Pereira and Jonathan Huang to General Partner and Partner, respectively, helping bolster their Web3 investment strategy and further committing to the innovative space. Additionally, Matt Halstead, former Director of the Teacher Retirement System of Texas (Texas Teachers) Investment Fund and an early Web3 investor, joins the firm as a Venture Partner.
Pereira has been instrumental to the growth of BITKRAFT’s Web3 Strategy, which he has led since 2022. To date, BITKRAFT has backed many category leaders at the intersection of Interactive Entertainment, Technology and Crypto, for example having led rounds in Immutable the leading gaming-dedicated blockchain; EVE Frontier, a new blockchain enabled game by the creators of the epic EVE Online; Karate Combat, a fast-growing tokenized MMA league with over 100M+ monthly impressions; and, Mira, a 2025 CB Insights Top 100 company in AI building verification infrastructure that’s processing 3B tokens a day in support of 4.5M users. As the Web3 market matures, BITKRAFT is doubling down on its thesis that blockchain-enabled digital rights, property, identity and economies will redefine gaming, creator monetization, and digital experiences.
Huang joined BITKRAFT in 2023 and brings a decade of experience across Web2 and Web3 investments out of Asia, including SEA Capital and Temasek, where Huang drove their Series G investment into Roblox. He focuses on consumer platforms, mobile studios and creator ecosystems across Asia, with an emphasis on next-generation user behavior, use-cases, and emerging monetization models that are reshaping the industry at scale. Huang’s elevation to partner helps strengthen BITKRAFT’s position in Asia and reflects BITKRAFT’s continued investment in the region’s potential as a global epicenter for innovation across both Web2 and Web3.
Halstead brings a rare blend of traditional asset management and Web3 experience to BITKRAFT. As one of the first institutional investors in crypto, he spearheaded blockchain investment strategies for the Texas Teachers, an investment institution managing over $200 billion in assets. The firm believes his move to BITKRAFT is a powerful endorsement of Web3 gaming’s legitimacy as an investable category—and a sign that seasoned institutional capital allocators are seeing real value in this space.
BITKRAFT launched its Web3 Gaming fund in 2021, which was a key catalyst in the firm’s evolution — expanding beyond Early Stage equity investing into new asset classes, emerging markets and diversified financing solutions broadly serving the Interactive Media industry. Since then, BITKRAFT has grown to $1B AUM, welcomed a strategic minority investment from Blue Owl, and broadened its global reach last year with a new presence in India.
“Web3 has unlocked new creative and economic models for developers, players, and communities, and BITKRAFT has long been committed to its potential,” said Carlos Pereira, General Partner at BITKRAFT. “As we enter the next phase of growth, we are expanding our reach with experienced investors like Matt, whose institutional experience and deep roots in crypto can only strengthen our Web3 strategy. Matt isn’t just a respected investor, he’s a peer and a visionary in the space, and I couldn’t be more excited to have him join BITKRAFT.”
“BITKRAFT has built a track record of Web3 successes across the US, Asia, and emerging markets,” said Jonathan Huang, Partner at BITKRAFT. “With blockchain adoption continuing to scale and new economic models proving sustainable, this is a pivotal moment to back the next generation of Web3 founders. We’re doubling down on our Web3 strategy to help build the future of gaming, digital assets, and interactive experiences.”
“I joined BITKRAFT because I believe their vision for Web3 isn’t just forward-thinking, it’s transformative,” said Matt Halstead, Venture Partner at BITKRAFT. “Web3 has the power to bridge the digital and physical worlds, unlocking new experiences and economic models that put control back in the hands of creators and players. BITKRAFT doesn’t just invest in this future; they help build it as active participants, deeply embedded in Web3, gaming, and emerging technologies. This makes them the ideal partner for those shaping the next era of digital entertainment, and I’m excited to help them reach and support innovators in the space.”
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ABOUT BITKRAFT VENTURES
BITKRAFT Ventures is a global investment platform at the intersection of games, immersive technology, Web3, and AI. With over $1B in assets under management and more than 130 portfolio companies, BITKRAFT is built by founders for founders. The firm leverages deep domain expertise, a decentralized global presence, and institutional-grade infrastructure to back visionary teams building in interactive media and adjacent verticals. BITKRAFT’s core belief is that gaming is not just the largest entertainment sector—it is a catalyst for consumer and technology innovation and a blueprint for the future of digital experiences.
Founded by industry veterans with decades of entrepreneurial experience, BITKRAFT delivers a unique combination of high-conviction investing, hands-on operational support, and a strong network of strategic LPs. We’ve raised and deployed capital across multiple fund strategies—venture, growth, Web3, and emerging markets—consistently outperforming benchmarks with top-quartile returns. Our thesis centers on “Synthetic Reality™,” a future where digital worlds are central to life, work, and identity. By investing at the frontier of this shift, BITKRAFT is shaping the companies and infrastructure that will define the next generation of entertainment and human interaction. For a full list of public investments made to date, view BITKRAFT’s portfolio here.
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