Hiro Capital Snaps Up Nick Clegg And Yann LeCun, As Launches Fund

Nick Clegg, former UK deputy prime minister and ex-Meta executive, joins Hiro Capital as general partner, while Meta’s outgoing chief AI scientist, Yann LeCun joins the firm’s advisory board.

They join Hiro Capital as it launches a new UK- and Europe-focused fund addressing the scaleup gap, a persistent challenge where European founders often face difficulties securing growth-stage capital across the continent.

Hiro Capital, based in London and Luxembourg, has launched its new multi-stage fund, Hiro III, deploying €5m–€50m per investment.

Targeting sectors like spatial AI, robotics, immersive computing, and defence, the fund aims to raise over $500m. Founded in 2018, Hiro has previously invested in gaming and metaverse companies across the UK, Europe and North America.

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Hiro Capital was founded by Luke Alvarez, co-founder of Nasdaq-listed Inspire Entertainment, Sir Ian Livingstone, former chairman of the studio behind Tomb Raider and Cherry Freeman, co-founder of LoveCrafts. The exact time commitment of Nick Clegg, former Meta president of global affairs, to his new role remains unclear.

Clegg said: “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.

"We are right in the early stages of that platform shift with the convergence of spatial technologies and next-generation world model AIs. Unlike other funds, Hiro is wholly focused on those themes, entirely within Europe.

"This is an amazing moment of opportunity for the UK/Europe’s tech ecosystem. We have some of the most outstanding researchers and universities on the planet, and great engineers and entrepreneurs, too. Our problem is not a lack of innovation, it is a lack of capital at scale.

"Europe may have its critics, but we have a vibrant start-up scene which is now ready to accelerate – I believe the Hiro team has the unique geographic and technological reach to help make that happen.”

LeCun, who is French, said: "I am delighted to be joining the Hiro advisory board. We are entering a new phase of AI an era of systems which can understand the physical world, have persistent memory and which can reason and plan complex actions.

"Hiro's track record of investing in spatial technologies, 3D tech, wearables and gaming means they are exceptionally well placed to capitalise on this new wave of opportunity in Europe."

About HIRO Capital

HIRO Capital is a founder-led venture capital firm based in London and Luxembourg, investing in the superabundant future of humanity. They back Series A to Series C / Scale-Up startups across AI, Spatial Computing, Autonomy, Robotics, Longevity, Augmentation, Games, Simulation, and Space & Defence technologies. Focusing on the Europe+ region including the EU, UK, Norway, Switzerland, and Ukraine they support visionary founders shaping the next phase of human evolution. As founders and leaders ourselves, they invest with optimism, futurism, and a belief in Europe+ as a global technology leader.