HIRO Capital Unveils HIRO III Fund with New Partners to Transform European Tech Landscape

HIRO Capital Launches HIRO III Fund

In a significant move aimed at bolstering the tech ecosystem in Europe, HIRO Capital has announced the launch of its new fund, HIRO III, which will primarily focus on investing in promising startups across various innovative sectors including Spatial AI, Robotics, Longevity, and Gaming. This initiative is underpinned by the recent appointment of notable leaders such as Sir Nick Clegg, the former President of Global Affairs at Meta and UK’s former Deputy Prime Minister, joining as a General Partner.

The establishment of HIRO III highlights HIRO Capital’s commitment to addressing the capital shortfall experienced by tech entrepreneurs in both the UK and Europe. The fund is structured to provide investments ranging from €5 million to €50 million, effectively targeting the growth phase of scaling startups. HIRO Capital has been recognized as a founder-led venture capital firm, establishing a team with a proven track record of over €10 billion in business exits and IPOs.

Luke Alvarez, the Managing Partner at HIRO, alongside colleagues Cherry Freeman and Sir Ian Livingstone, brings extensive experience and insight as entrepreneur-investors. Their backgrounds equip them to navigate the complexities of scaling businesses in the tech landscape, a domain where traditional funding sources have often been limited.

Sir Nick Clegg, reflecting on his new role, expressed his enthusiasm for what he perceives as a transformative era in technology. He stated, "I joined HIRO because I share with the founders a belief in the rise of immersive computing and Spatial AI. We will witness a shift in how we interact with technology, moving from merely viewing the internet to living within it. This new technological landscape presents extraordinary opportunities, and I am excited to be part of this journey."

HIRO Capital's strategic focus on spatial computing distinctly positions it to leverage emerging technological advancements. As stated by Clegg, the convergence of spatial technologies and advanced AI represents a pivotal moment not just for the firm, but for European tech as a whole. By bridging the scale-up capital gap, HIRO III stands to accelerate the growth of innovative enterprises across the continent.

Moreover, the newly formed Advisory Board is set to enhance HIRO's capabilities further, bringing together a wealth of expertise from various sectors crucial to the fund's mission. This advisory group comprises distinguished figures including Professor Yann LeCun, the former Chief Scientist at Meta, who will offer insights related to AI advancements. LeCun remarked on the transformative potential of the upcoming era, emphasizing the significance of systems that can understand and interact intelligently with the physical environment.

Other notable members of the Advisory Board include former Australian Prime Minister Malcolm Turnbull, Major Tim Peake of ESA fame, and various leading experts in technology, defense, and bioengineering. Their shared vision aims to navigate the challenges faced by European startups and foster a nurturing environment for innovation.

Luke Alvarez noted, "Our board has been carefully selected based on their technological insight and extensive networks across the industry. We look forward to leveraging these relationships to facilitate impactful and meaningful investments in innovative European companies in 2026 and beyond."

HIRO Capital's mission is rooted in the belief that, with the right resources and support, Europe can emerge as a leader in technological advancements that contribute to human evolution. The team is optimistic about the potential for technological creativity to forge better societies. With HIRO III, they aim to create a lasting impact by empowering founder-led initiatives across Europe.

Conclusion

As HIRO Capital embarks on this exciting new chapter with the launch of HIRO III, the strategic moves they are making could redefine the investment landscape in the UK and Europe. By attracting top talent and focusing on cutting-edge technologies, they are poised to facilitate the next wave of innovation in the technology sector, reinforcing their role as key players in Europe's future success.