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The Venture Codex

Hiro Capital

Cannon Place, 78 Cannon Street, London, EC4N 6AF, United Kingdom

Overview

Venture capital fund investing in games, esports, and digital sports.

Founded

2019

Deals ยท 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Chile
France
United Kingdom
United States

Sector focus

eSports
Gaming
Venture Capital
Video Games
...

Investment portfolio

30rounds
NAMEDATESIZE
Advanced Machine Intelligence (AMI)
Mar 2026Participated
$1.0 BSeed
Sidero Labs
Oct 2024Led
$4 MOther Equity
FRVR
Aug 2024Participated
$13 MOther Equity
Soccerverse
Jul 2024Participated
$3 MOther Equity
Loric Games
Jan 2024Led
$4 MOther Equity
Noodle Cat Games
Oct 2023Led
$12 MSeries A
Wibo
Feb 2023Led
$0.45 MSeed
Lightfox Games
Feb 2023Participated
$6 MOther Equity
Reversso
Aug 2022Participated
$2 MOther Equity
Incredibuild
Jun 2022Led
$35 MSeries B
Carv
Jun 2022Led
$5 MOther Equity
Machinations
May 2022Led
$3 MSeries A
Advanced Machine Intelligence (AMI)
Mar 2026Participated
$1.0 BSeed
Sidero Labs
Oct 2024Led
$4 MOther Equity
FRVR
Aug 2024Participated
$13 MOther Equity
Soccerverse
Jul 2024Participated
$3 MOther Equity
Loric Games
Jan 2024Led
$4 MOther Equity
Noodle Cat Games
Oct 2023Led
$12 MSeries A
Wibo
Feb 2023Led
$0.45 MSeed
Lightfox Games
Feb 2023Participated
$6 MOther Equity
Reversso
Aug 2022Participated
$2 MOther Equity
Incredibuild
Jun 2022Led
$35 MSeries B
Carv
Jun 2022Led
$5 MOther Equity
Machinations
May 2022Led
$3 MSeries A
30
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Hiro Capital: 30 funding rounds are recorded in the selected participation categories.All available history.
Hiro Capital: 30 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed23
Series A80
Series B20
Series C+01
Other Equity86

Monthly Deal Activity

Hiro Capital: 30 deals are recorded across 84 months.All available history.
Hiro Capital: 30 deals are recorded across 84 months. All available history
MonthDeals
Nov '192
Dec '190
Jan '200
Feb '201
Mar '200
Apr '200
May '200
Jun '200
Jul '202
Aug '200
Sep '200
Oct '200
Nov '201
Dec '200
Jan '210
Feb '211
Mar '210
Apr '211
May '212
Jun '211
Jul '212
Aug '210
Sep '210
Oct '210
Nov '210
Dec '211
Jan '220
Feb '220
Mar '221
Apr '220
May '224
Jun '222
Jul '220
Aug '221
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '232
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '241
Aug '241
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Hiro Capital: Gaming & eSports is the largest displayed sector by deal count (19 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Hiro Capital: Gaming & eSports is the largest displayed sector by deal count (19 deals). All available history
SectorDeals
Gaming & eSports19
Enterprise Software9
Networks, Cloud & Communication7
Hardware & Robotics7
Media & Entertainment6
E-Commerce & Retail3
AR/VR3
Consumer & Lifestyle3
Social & Community Platforms3
Data, Analytics & IT2
Crypto & Blockchain2
Developer Tools2
Real Estate & Construction1
Marketing & Advertising1
Health & Life Sciences1
AI & Machine Learning1

Deal Size Distribution

Hiro Capital: 30 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Hiro Capital: 30 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M11
$5M-$10M9
$10M-$25M4
$25M-$50M3
$50M-$100M2
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+1

Deals By Geography

Hiro Capital: Europe has the largest recorded deal count among the displayed regions (15 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Hiro Capital: Europe has the largest recorded deal count among the displayed regions (15 deals). All available history
RegionDeals
Europe15
United States11
Chile2
Israel1
India1
Hiro Capital: 20 co-investors are shown, with 1Up Ventures sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Hiro Capital: 20 co-investors are shown, with 1Up Ventures sharing 2 recorded deals. All available history
Co-investorShared deals
1Up Ventures2
Ares Management2
Krafton2
Makers Fund2
March Capital2
Revolution Growth2
Sony2
1AM Gaming1
3one4 Capital1
Accel1
Artesian1
Axilor Ventures1
Behold Ventures1
Bezos Expeditions1
BGF1
BlackRock1
Boost VC1
Cathay Innovation1
Credo Ventures1
Galaxy Digital1

Investment Strategy

Hiro Capital: Led accounts for 67% and participating for 33% of round participation.All available history.
Hiro Capital: Led accounts for 67% and participating for 33% of round participation. All available history
CategoryDeals (count)Share (%)
Led2067%
Participating1033%
Hiro Capital: Single-lead accounts for 85% and co-led for 15% of lead dynamics.All available history.
Hiro Capital: Single-lead accounts for 85% and co-led for 15% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1785%
Co-led315%

Team

Cherry Freeman

Co-founding Partner

Jason Willig

Operating Director

Livingstone Ian

Co-founding Partner

Luke Alvarez

Founder, General Partner