Overview
HIRO Capital has launched HIRO III, a new multi-stage fund focused on companies in the UK and Europe. The fund will deploy €5m–€50m cheques and will invest in sectors including spatial AI, robotics, immersive computing, and defence.
“This is an amazing moment of opportunity for the UK/Europe’s tech ecosystem,” says Nick Clegg, General Manager at HIRO Capital. “We have some of the most outstanding researchers and universities on the planet, and great engineers and entrepreneurs, too. Our problem is not a lack of innovation; it is a lack of capital at scale. Europe may have its critics, but we have a vibrant start-up scene which is now ready to accelerate – I believe the Hiro team has the unique geographic and technological reach to help make that happen.”
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Benefits
- Multi-stage investment with ticket sizes €5m–€50m
- Stage covergar: investing from Seed through Series C/Scale Up
Who can apply
HIRO invests in AI, autonomy and robotics, cloud and future compute; spatial computing and simulation, games, sports tech, digital augmentation, longevity, next generation defence, and the space economy.
It invests across its Europe+ region, covering the EU, UK, Norway, and Switzerland, and extending through Ukraine, Turkey, and Israel.
How to apply
HIRO accepts inbound approaches through its official website channels. Founders should submit a pitch deck and core company materials through the firm’s contact routes.
About the fund
HIRO Capital is a founder-led European VC launched in 2018 and built around a thematic focus on technologies where computing moves into the physical world and into day-to-day life through AI, spatial computing, and autonomy. It invests from Seed through Series C and scale-up and focuses on companies with the potential to build large outcomes in its target sectors across Europe+.
Hiro Capital was founded by Luke Alvarez, the co-founder of Inspire Entertainment, the Nasdaq-listed games and virtual sports firm, Sir Ian Livingstone, former chairman of the studio behind the game Lara Croft: Tomb Raider, and Cherry Freeman, the co-founder of crafts marketplace LoveCrafts. Recently, Nick Clegg joined as a General Partner in connection with the HIRO III launch.
Alongside the fund launch, HIRO expanded its advisory bench. HIRO’s advisory board includes AI pioneer Yann LeCun and additional senior figures specialising in robotics, defence, and product design.
HIRO’s portfolio includes Sidero Labs, Carv, Keen Games, Frameplay, Incredibuild, Team Liquid, FitXR, LIV, Polyarc, PlayerData, Lamina1, Skybound, Playbook, and Soccerverse, among others.
