Hiro Capital Launches Second €300M (/$340M) Videogames and Metaverse Technologies Venture Fund

Hiro Capital – the leading specialist European VC focused on Videogames, Metaverse Technologies, Creator Platforms and Gamified Fitness – announces the launch of HIRO CAPITAL II, a €300m ($340m) fund focused on backing the world’s emerging Gaming and Metaverse innovators. Hiro II will be announcing its first investments in April.

Hiro’s new fund invests in entrepreneurial teams at Seed, A and B across the UK, Europe and North America (and selectively ROW), building innovative and disruptive leaders in Games, Esports, Creator Platforms and Gamified Fitness.

Founded in 2018, Hiro’s name was inspired by Hiro Protagonist, the sword-wielding, Metaverse-hacking samurai hero of Neil Stephenson’s seminal Snowcrash, a novel about video games, VR, digital assets and the neocortex. Since launch, Hiro has been investing in sci-fi, story-telling IPs and the deep future of games and metaverse technology. Hiro believes strongly in Games as a force for good.

“We have been believers in the Metaverse since we created the fund in 2018. Our goal with Hiro is to bring founder-focused venture funding to Games studios and Metaverse technology creators. In 2022 we are at a pivotal moment in the very early phases of the Metaverse, VR, AR and Web3 — these revolutions will take at least a decade and much of the creativity and technology innovation will start in Games. As a team, we have the experience and networks to support the incredible talent that we find across Europe, the UK and beyond. Our new fund gives us more firepower to find and develop emerging stars and level them up to global scale,” Luke Alvarez, Founding General Partner, said.