#London #United Kingdom #HIRO Capital #Sir Nick Clegg #HIRO III

HIRO Capital Welcomes Sir Nick Clegg as General Partner

HIRO Capital recently made headlines with the announcement of Sir Nick Clegg's addition as General Partner, coinciding with the launch of HIRO III, its new European venture capital fund. This multi-stage fund is set to focus on a diverse range of innovative sectors, including Spatial AI, Robotics, Longevity, Gaming, Space, and Defense. The company aims to bridge the financing gap for scaling businesses across the UK and Europe.

A Vision for the Future

Sir Nick Clegg, who previously served as the Deputy Prime Minister of the UK and held a senior position at META, brings a wealth of experience and a profound belief in the transformative power of technology. Clegg stated, "I joined HIRO because I share the founders' belief in the rise of immersive computing and Spatial AI. We are transitioning from merely browsing the internet to living within it. This change is occurring at the intersection of next-generation global model AI and spatial technologies. Unlike other funds, HIRO is singularly focused on these themes, specifically in Europe."

The founding team at HIRO, including Luke Alvarez, Cherry Freeman, and famed video game legend Sir Ian Livingstone CBE, is known for its impressive track record. They have successfully led numerous IPOs exceeding €10 billion, illustrating a deep understanding of entrepreneurial growth and technological innovation.

The Challenge Ahead

HIRO's founders believe that while Europe is home to exceptional talent, including brilliant researchers and dynamic entrepreneurs, the region struggles with capital availability. "Our challenge isn't a lack of innovation; it's the need for large-scale capital. Europe may have its critics, but there exists a vibrant startup ecosystem ready to unleash its potential," Clegg emphasized.

With Sir Nick Clegg at the helm, HIRO aims to leverage its expertise in Spatial Computing to explore valuable opportunities emerging across Europe. The company is well-positioned to thrive as the convergence between technology and the physical realm accelerates.

An Unparalleled Advisory Board

Alongside Clegg’s entry, a robust Advisory Board has been established, featuring renowned global leaders like Yann LeCun, the chief AI scientist at Meta and Turing Award laureate, and Malcolm Turnbull, former Prime Minister of Australia. This board provides unparalleled expertise across HIRO’s core thematic areas: Spatial AI and Cloud, Autonomy and Robotics, Space and Defense, and Augmentation and Longevity.

Professor Yann LeCun expressed his enthusiasm, stating, "I am delighted to join HIRO's Advisory Board. We're entering a new phase of AI where systems can comprehend the physical world, possess persistent memory, and execute complex reasoning and planning. HIRO's investment journey in space tech, 3D technologies, wearables, and video games places it in an excellent position to capitalize on this new wave of opportunities in Europe."

Looking Ahead to 2026

HIRO is set to announce its initial investments from HIRO III in 2026, tapping into the heart of Europe's talent and technological landscape. Luke Alvarez, HIRO’s Managing Partner, emphasized the importance of their newly formed Advisory Board, which was selected for its vision, technological expertise, and global networks. He remarked, "We are on the cusp of a Cambrian explosion of new technologies driven by the increasing convergence of computing with the physical world. Europe is poised to be at the forefront of this technological revolution, and we are passionate about championing its success."

Conclusion

HIRO Capital, which operates from both London and Luxembourg, specializes in investing in transformative sectors from Series A to Series C stages. The firm is dedicated to fostering innovation in AI, space computing, robotics, and gaming, supporting founders across the broader Europe+ region, which includes the EU, UK, Norway, Switzerland, and Ukraine. With a philosophy grounded in optimism and a vision for a technologically advanced future, HIRO is keen to ensure that Europe emerges as a leader in the next chapter of human evolution driven by technology.

For more information on HIRO Capital, visit their website: HIRO Capital.