Hiro Capital

Hiro Capital is a venture capital firm based in London, United Kingdom, with an additional office in Luxembourg. Established in 2019, it specializes in investing in post-seed Series A and B stages, focusing on sectors such as gaming, esports, digital sports, and emerging technologies like augmented and virtual reality, big data, and artificial intelligence. The firm targets both front-end content creators and back-end technology innovators, particularly in areas related to mobile, streaming, and cloud applications. Hiro Capital aims to invest between EUR 1 million to EUR 15 million per company, predominantly in European and North American innovators. With a keen interest in the evolving landscapes of gaming and sports technology, Hiro Capital seeks to support a minimum of 20 companies, driving innovation across various subsectors, including social mobile gaming and monetization strategies.

Samuel Costello

Principal

Ayesha Forbes

Principal

Alistair Hopkins

Technology Venture Director

Jon Jordan

Venture Partner

Spike Laurie

Partner

Thomas Martens

Investor

Karim Abdel-Ghaffar Plaza

Investor

Luca Suma

Investment Director

Jason Willig

Venture Director

Joe Yuan

Investment Director

31 past transactions

Atom Switch

Venture Round in 2022
Operator of an independent game development studio intended to provide survival genre. The company specializes in developing strategy and role-playing games, enabling users to contain games from mobile to desktop and applications to games.

IncrediBuild

Series B in 2022
IncrediBuild Software Ltd specializes in software acceleration technology, offering a solution designed to enhance processing efficiency for development tasks. The company's flagship product, IncrediBuild, utilizes distributed computing to tap into the unused CPU power of machines within a network, enabling parallel execution of tasks. This approach significantly accelerates build times for various applications, including C/C++/C# development, game development, continuous integration, and cloud computing. IncrediBuild's unique virtualization technology has established it as a standard in code-build acceleration, with over 120,000 users across more than 2,000 organizations, including numerous Fortune 100 companies. Headquartered in Framingham, Massachusetts, IncrediBuild also maintains offices in Israel, Japan, South Korea, and China.

Machinations

Series A in 2022
Machinations SARL, based in Luxembourg, offers a browser-based platform designed for the creation, balancing, and simulation of game systems. The platform utilizes a standardized design language, allowing clients to construct intricate systems effectively. It provides powerful features that enable users to conduct multiple stochastic simulations, helping to minimize uncertainty and better predict player outcomes. This focus on precise modeling and simulation aids game developers in optimizing their designs and improving overall gameplay experiences.

Firestoke

Seed Round in 2022
Firestoke is a publisher of indie PC and Console games.

Skybound

Venture Round in 2022
Skybound Entertainment is an imprint of image comics that provides comic book creators the opportunity to publish their work. It offers Robert Kirkman’s Eisner award-winning comic book series, The Walking Dead, long-running Invincible, all-ages Super Dinosaur, Thief of Thieves and Clone as well as Witch Doctor, Guarding the Globe, and The Astounding Wolf-Man. Since its inception, Skybound Entertainment has created television shows, merchandise, and a wide spectrum of platforms, games, and entertainment events. It was launched by Robert Kirkman in 2010. Skybound Entertainment is operated from Culver City, California.

aXiomatic

Venture Round in 2022
AXiomatic powers unforgettable esports experiences through sports and entertainment expertise. Its mission is to build a portfolio of dynamic company holdings in the esports and video gaming industry. Through strategic partnerships, investments, and acquisitions, the team connects esports groups with valuable resources including venues, technologies, media content, distribution partners, and investment capital. The company was founded in 2015 and is headquartered in Los Angeles, California.

Carv

Venture Round in 2022
Carv is the first wearable dedicated to skiing that speaks to you as you ski - it’s your digital ski coach. Built in consultation with Olympians, Carv gives you access to the feedback and knowledge that only elite skiers have had access to so far. With an extremely thin smart insert, Carv measures your motion and pressure distribution and relays feedback through your earphones in real-time. Carv connects wirelessly to your smartphone to give simple, actionable feedback to casual skiers and detailed metrics and analysis for advanced and professional skiers. Carv lets you train, compete and challenge people with its detailed metrics and helps you improve your skiing with technique analysis.

FRVR

Series A in 2022
FRVR Limited provides online computer games. The company is based in Mellieha, Malta.

Loco

Series A in 2022
Loco, a live trivia game show app. Loco offers an interactive trivia game show that lets users answer 10 multiple choice questions and win money in real time. The game’s prize money is Rs 10,000 and winners can get their reward directly into their Paytm account. The live quiz covers topics such as current events, technology, food, sports, religion, politics, music, movies and history, according to information available on its Google Play store page.

Frameplay

Series A in 2021
Frameplay is an intrinsic advertising platform that specializes in in-game advertising services within the video game industry. The company provides tools that allow brands to integrate advertisements seamlessly into games, offering complete creative control over ad placements to ensure they fit the game's vision. This approach not only helps game developers generate significant revenue but also allows advertisers to effectively reach gamers worldwide. Frameplay emphasizes a transparent, self-serve experience that prioritizes the gamer, while also delivering sophisticated data and analytics to both advertisers and developers, positioning itself as a leader in the in-game advertising space.

DreamCraft

Series A in 2021
DreamCraft Entertainment Inc. develops a game creation and monetization platform that lets video game modders to create and monetize games without programming. Its platform allows game modders to create games without coding or drawing; and reach players across PC and mobile. The company was founded in 2018 and is based in San Mateo, California.

Elvie

Series C in 2021
Elvie is a health and lifestyle brand developing smarter technology for women. We are committed to building extraordinary products that improve the health and lives of women everywhere and at all stages of life. Our first product, Elvie Trainer, is an award-winning app-connected Kegel trainer that helps women strengthen the pelvic floor via fun, five-minute workouts. Launched in October 2015 to great acclaim, we took the wellness industry by storm! Our street cred includes more than 12 awards for innovation and design, including the prestigious CES Innovation Award, IDA Design Award and Red Dot Award. As a business, Elvie has been recognized as one of Wired’s ‘hottest start-ups’, named as one of the 15 start-ups “To Watch” by The Sunday Times and both products have been featured in the Oscar Nominee Gift Bags. We recently launched our second innovation: Elvie Pump, the world’s first silent wearable breast pump, which is making it possible for new mothers to pump anytime, anywhere. Elvie Pump received international praise following its unveiling on the catwalk at London Fashion Week and at the Consumer Electronics Show (CES) in Las Vegas. In April 2019, Elvie announced a $42 million Series B led by IPGL and supported by Octopus Ventures and Impact Ventures. This represented the largest ever fundraise in femtech. This new round of financing will accelerate Elvie’s research and development efforts, as well as help grow brand awareness and distribution for Elvie Pump and Elvie Trainer across the Americas, Europe and Asia. Headquartered in London, UK with offices also in New York City, the company has received numerous awards and raised more than $52m in investment.

Elvie

Series C in 2021
Elvie is a health and lifestyle brand developing smarter technology for women. We are committed to building extraordinary products that improve the health and lives of women everywhere and at all stages of life. Our first product, Elvie Trainer, is an award-winning app-connected Kegel trainer that helps women strengthen the pelvic floor via fun, five-minute workouts. Launched in October 2015 to great acclaim, we took the wellness industry by storm! Our street cred includes more than 12 awards for innovation and design, including the prestigious CES Innovation Award, IDA Design Award and Red Dot Award. As a business, Elvie has been recognized as one of Wired’s ‘hottest start-ups’, named as one of the 15 start-ups “To Watch” by The Sunday Times and both products have been featured in the Oscar Nominee Gift Bags. We recently launched our second innovation: Elvie Pump, the world’s first silent wearable breast pump, which is making it possible for new mothers to pump anytime, anywhere. Elvie Pump received international praise following its unveiling on the catwalk at London Fashion Week and at the Consumer Electronics Show (CES) in Las Vegas. In April 2019, Elvie announced a $42 million Series B led by IPGL and supported by Octopus Ventures and Impact Ventures. This represented the largest ever fundraise in femtech. This new round of financing will accelerate Elvie’s research and development efforts, as well as help grow brand awareness and distribution for Elvie Pump and Elvie Trainer across the Americas, Europe and Asia. Headquartered in London, UK with offices also in New York City, the company has received numerous awards and raised more than $52m in investment.

Keen Games

Series B in 2021
Operator of a game development studio intended to create new sandbox gaming experiences. The company develops innovative and creative sandbox games that offer diverse gameplay options such as leveling up characters and crafting powerful gear to defeat enemies in real-time tactical combat, exploring the map, and completing tasks, enabling players to have a fun and immersive gaming experience.

Loco

Seed Round in 2021
Loco, a live trivia game show app. Loco offers an interactive trivia game show that lets users answer 10 multiple choice questions and win money in real time. The game’s prize money is Rs 10,000 and winners can get their reward directly into their Paytm account. The live quiz covers topics such as current events, technology, food, sports, religion, politics, music, movies and history, according to information available on its Google Play store page.

Double Loop Games

Series A in 2021
Double Loop Games Inc. is a mobile game development studio founded in 2019 and located in San Francisco, California. The company focuses on creating mobile games that provide delightful and relaxing experiences, catering to a broad audience, including those who do not typically identify as gamers. By emphasizing accessibility and enjoyment, Double Loop Games aims to broaden the appeal of mobile gaming, allowing users to engage with games that suit their preferences.

Twin suns

Seed Round in 2021
Twin Suns Corp is a video game studio focused on developing action games for console and PC platforms. Founded by Tim Longo, Forest Swartout, and Jeff Morris, the company aims to create engaging and innovative gaming experiences through its AAA class platform title, which will launch with an original game franchise. Twin Suns is dedicated to delivering creative and unexpected experiences to players worldwide.

FRVR

Convertible Note in 2021
FRVR Limited provides online computer games. The company is based in Mellieha, Malta.

Double Loop Games

Venture Round in 2021
Double Loop Games Inc. is a mobile game development studio founded in 2019 and located in San Francisco, California. The company focuses on creating mobile games that provide delightful and relaxing experiences, catering to a broad audience, including those who do not typically identify as gamers. By emphasizing accessibility and enjoyment, Double Loop Games aims to broaden the appeal of mobile gaming, allowing users to engage with games that suit their preferences.

Happy Volcano

Venture Round in 2021
Happy Volcano is an award-winning game development studio focused on creating interactive games for all age groups. The studio is currently developing "You Suck at Parking," a unique racing game where the objective is to stop rather than race. Previously, it released "The Almost Gone," a narrative exploration game, and "Pixel Picasso," an augmented reality memory game. Happy Volcano aims to provide players with engaging experiences by incorporating authentic stories and diverse obstacles in its mobile games, making them entertaining options for leisure time.

Snowprint Studios

Venture Round in 2021
Snowprint Studios is a collective of games industry veterans for the everyday mobile gamer developers of Legend of Solgard. It also the likes of King, DICE, Rovio, Unity, Zynga and elsewhere that is creating a new mid-core games category that brings together the old and the new while tapping their combined skills to deliver well-crafted mechanics, aesthetics, characters and more. Snowprint Studios aims to take the gameplay experience to richer, deeper levels while making mobile mid-core free-to-play games accessible. The company was founded in 2015 and is based in Stockholm Sweden.

PlayerData

Series A in 2021
PlayerData Ltd. is a company focused on developing innovative sports technology that integrates hardware and software solutions for athletes. Founded in 2017 and headquartered in Edinburgh, United Kingdom, PlayerData offers the PlayerData EDGE system, which consists of a base layer garment embedded with sensors and a detachable control module. This technology allows athletes and teams to gather and analyze crucial data related to biometrics, performance, and technique, ultimately enhancing training and competitive outcomes.

Lightfox Games

Seed Round in 2020
Lightfox Games, Inc. is a Seattle-based company founded in 2019 that specializes in the design and development of multiplayer mobile game applications. The company focuses on creating mobile gaming experiences that connect players worldwide. By collaborating with various amateur game developers, Lightfox Games aims to inspire and engage the next generation of mobile gamers, fostering a sense of community through interactive play.

Zwift

Series C in 2020
Zwift, Inc. is a company that specializes in a virtual training and workout application for cycling and running, aimed at enhancing indoor exercise experiences. Founded in 2014 and based in Long Beach, California, Zwift transforms solitary workouts into engaging social adventures by connecting users to stationary trainers and playback devices. The platform allows cyclists and runners to immerse themselves in dynamic virtual environments while interacting with others, creating a community-focused exercise experience. Users can participate in rides and runs together, compete, and train by pairing their equipment with the Zwift app, which controls their in-game avatars. In addition to its software, Zwift also offers a range of gear, clothing, accessories, and gift cards through its online store.

Zwift

Series C in 2020
Zwift, Inc. is a company that specializes in a virtual training and workout application for cycling and running, aimed at enhancing indoor exercise experiences. Founded in 2014 and based in Long Beach, California, Zwift transforms solitary workouts into engaging social adventures by connecting users to stationary trainers and playback devices. The platform allows cyclists and runners to immerse themselves in dynamic virtual environments while interacting with others, creating a community-focused exercise experience. Users can participate in rides and runs together, compete, and train by pairing their equipment with the Zwift app, which controls their in-game avatars. In addition to its software, Zwift also offers a range of gear, clothing, accessories, and gift cards through its online store.

Polyarc

Series B in 2020
Polyarc, Inc. is a Seattle-based game development studio that specializes in creating virtual reality experiences. Established in 2015, the company is known for its flagship title, Moss, an action-adventure game that immerses players in a richly designed three-dimensional world. Polyarc focuses on developing engaging and original games that can be enjoyed in both single-player and multiplayer formats across various platforms, utilizing the unique capabilities of virtual reality to enhance gameplay and storytelling. The studio aims to craft innovative interactive experiences that captivate players and expand the possibilities of digital entertainment.

FitXR

Series A in 2020
FitXR is a leading developer of virtual reality fitness applications, focused on making fitness more enjoyable and accessible. The company has gained recognition for its first product, BoxVR, which has consistently ranked as a best-seller across major VR platforms such as Oculus, Steam, and PSVR, earning multiple awards for its engaging approach to fitness. FitXR is currently developing a virtual fitness studio that aims to replicate the energy and camaraderie of group workouts at home. This innovative platform will offer total body workouts designed by fitness experts, emphasizing social interaction and enjoyment while delivering effective fitness experiences.

NURVV

Series A in 2020
NURVV is a London-based company that specializes in sports wearable technology, specifically developing smart insoles and a coaching application aimed at enhancing running techniques and minimizing injury risks. By capturing detailed running data through advanced biomechanics, NURVV provides athletes with actionable insights that help them understand their performance capabilities. The company's innovative products are designed to improve overall running efficiency while offering guidance on injury prevention, catering to both amateur and professional runners. Based in Twickenham, United Kingdom, NURVV continues to focus on empowering athletes through technology that enhances their training experience.

Edgegap

Seed Round in 2019
Edgegap Technologies Inc. is a software development company based in Quebec City, Canada, specializing in gaming infrastructure services through edge computing. Founded in 2018, the company provides innovative solutions that enable video game studios, publishers, and developers to effectively manage multiplayer environments. By leveraging edge computing technology, Edgegap offers unique methods for optimizing gaming experiences and monetizing various use cases within the gaming industry.

LIV

Series A in 2019
LIV Inc, formerly known as LIV Net Inc, is a technology company based in Prague, Czech Republic, specializing in virtual reality software for gaming. Established in 2013, LIV focuses on enabling VR live streamers to engage with their audiences in real-time, transforming viewers from passive spectators into active participants. Since its inception, the company has redefined the landscape of live-streamed gaming content, allowing creators to enhance their interactive experiences. Since launching in 2018, LIV's innovative approach has garnered over 1.5 billion views, showcasing its significant impact on the virtual reality and gaming communities.

Flavourworks

Series A in 2019
Flavourworks Ltd is a London-based game studio established in 2015, specializing in the development of innovative video games that merge filmed content featuring real actors with interactive storytelling. The company has created proprietary touch video technology that allows players to engage directly with the narrative by touching the screen to influence the choices of the actors, leading to personalized storylines that adapt to individual decisions. This unique approach combines cinematic intensity with immersive gameplay, offering players a seamless experience that emphasizes agency and interactivity. Flavourworks aims to deliver distinctive experiences that appeal to a wide audience in the computer entertainment industry.
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