Sir Nick Clegg Joins HIRO Capital as General Partner, Launching New VC Fund HIRO III

HIRO Capital Expands Leadership with Sir Nick Clegg

On December 10, 2025, HIRO Capital, a prominent venture capital firm based in London and Luxembourg, officially introduced Sir Nick Clegg as its newest General Partner. This appointment coincides with the launch of the HIRO III fund, which aims to focus on scaling up innovative enterprises across UK and Europe, targeting sectors such as Spatial AI, Robotics, Longevity, and Gaming.

HIRO III represents a significant financial initiative, capable of investing between €5 million and €50 million into promising startups. This fund is specifically designed to address the capital gap that many emerging innovators face, particularly within Europe. The founding team of HIRO, which includes experienced entrepreneurs Luke Alvarez, Cherry Freeman, and Sir Ian Livingstone, boasts an impressive track record of securing multiple exits and achieving IPOs that collectively surpass €10 billion.

Sir Nick Clegg, who previously served as the President of Global Affairs at META and was the UK’s Deputy Prime Minister, expressed his enthusiasm about joining HIRO at such a pivotal moment in the tech ecosystem of Europe. He noted, "I joined HIRO because I share with the founders a belief in the rise of immersive computing and Spatial AI. We will move from staring at the internet, to living in the internet." Clegg emphasized the uniqueness of HIRO’s vantage point, being entirely focused on the European context and greatly positioned to harness the rise of advanced technologies.

The new fund’s mission is to capitalize on the current technological evolution, especially with the increasing emphasis on spatial technologies and next-generation AIs. Clegg highlighted Europe’s wealth of innovative talent and resources, indicating that the region is ripe for a substantial transformation in its tech industry. Despite facing critiques, he conveyed confidence in Europe’s vibrant startup culture and the necessity to boost investment to catalyze growth in this sector.

In conjunction with Clegg’s appointment, HIRO Capital also unveiled a new Advisory Board comprised of global leaders and experts in their respective fields. The board includes prestigious figures such as Professor Yann LeCun, former Chief Scientist at Meta, who is renowned for his contributions to deep learning AI. Other noteworthy members include Malcolm Turnbull, the former Prime Minister of Australia, and Major Tim Peake, a scientist and the first British ESA astronaut.

The advisory board aims to enrich HIRO Capital’s strategic direction, bringing superior domain expertise across HIRO’s four core themes: Spatial AI, Autonomy and Robotics, Space Defence, and Longevity. Professor LeCun expressed his excitement, stating, "We are entering a new phase of AI—an era of systems that can understand the physical world and carry out complex reasoning and planning."

Luke Alvarez, HIRO’s Managing Partner, expressed his delight at the bolstered leadership, welcoming Sir Nick and the Advisory Board members. He stated that they are on the brink of a ‘Cambrian explosion’ in technology, driven by the merging of computing with physical experiences and autonomous technology. Alvarez is adamant that the collective vision of the HIRO team positions them uniquely to spearhead the forthcoming tech landscape in Europe.

HIRO Capital’s investments span a series of sectors, including AI, Spatial Computing, Robotics, and more, focusing specifically on the broadly defined Europe+ region, which includes the EU, UK, Norway, Switzerland, and Ukraine. Their philosophy rests on fostering innovation and entrepreneurship as fundamental to advancing society through technology.

As they gear up for the first exciting investment announcements from HIRO III in 2026, it will be fascinating to observe how HIRO Capital positions itself at the forefront of technological advancement in Europe, amidst a rapidly evolving landscape.