Hiro Capital

Hiro Capital is a venture capital firm established in 2019, with offices in London and Luxembourg. The firm focuses on investing in innovators within the gaming, esports, and digital sports sectors, targeting early-stage companies at the post-seed Series A and B funding stages. Hiro Capital seeks opportunities in both front-end content creators and deep technology applications related to cloud computing, mobile platforms, streaming, big data, artificial intelligence, wearables, augmented reality, and virtual reality. The firm aims to support a diverse range of information technology and service innovators within these industries, primarily within Europe and the UK.

Luke Alvarez

Founder, General Partner

Samuel Costello

Principal

43 past transactions

Meeple Corp

Pre Seed Round in 2025
Meeple Corp is a digital board game developer dedicated to transforming classic tabletop games into captivating digital experiences.

Maintain Altitude

Pre Seed Round in 2024
Maintain Altitude is a new mobile game development company that loves both music and games. The company is based in the United Kingdom.

Loric Games

Seed Round in 2024
Loric Games operates as a gaming studio that offers players story-driven experiences. The company aims to inspire players that seek adventure within fantastical worlds that are brought to life through shared story-driven experiences.

Noodle Cat

Series A in 2023
Noodle Cat is an independent game studio on a mission to change the current standard of game development. The Noodle Cat team is committed to learning, collaborating, and pushing boundaries in a healthy, flexible working environment.

Telltale Games

Series A in 2023
Telltale is the first and only digital publisher to release interactive episodic content on a monthly schedule. Their award-winning internal development studio is responsible for creating landmark episodic content, including Tales of Monkey Island, the Sam & Max series, Strong Bad's Cool Game for Attractive People, and Wallace & Gromit's Grand Adventure. Telltale currently develops and publishes episodic series on PC, Wii™, and Xbox 360™, with plans to expand to additional platforms and channels this year.

Lamina1

Seed Round in 2023
Lamina1 is a Blockchain optimized for the open metaverse providing communities with infrastructure to build an immersive internet. The company's chain technology, cryptographic model, and extensive intellectual property partnerships establish it as the preferred destination for this generation’s most creative minds.

Atom Switch

Venture Round in 2022
Atom Switch, Inc. is an independent game development studio focused on creating engaging gameplay and compelling storytelling. The company specializes in the survival genre and develops strategy and role-playing games that cater to a wide range of platforms, including mobile devices and desktop applications. Atom Switch aims to foster player loyalty and drive sales through the quality of its games, rather than relying on micro-transactions and monetization strategies.

Machinations

Series A in 2022
Machinations is a browser-based platform focused on designing, balancing, and simulating game systems. It provides game development studios with tools to create complex gameplay systems using a turn-complete language presented through interactive diagrams. The platform integrates both machine and human analysis, facilitating visualization to enhance the game design process. By enabling clients to run multiple stochastic simulations, Machinations helps reduce uncertainty and predict player outcomes, allowing for more informed decision-making in game development.

Firestoke

Seed Round in 2022
Firestoke is a publisher specializing in indie games for PC and console platforms. The company aims to create fun, energetic, and playful gaming experiences that are compact and accessible. By blending creative design with data-driven insights, Firestoke focuses on delivering games that promote positive gameplay, catering to a wide audience, including players of all ages.

Skybound

Venture Round in 2022
Skybound, LLC is a multifaceted entertainment company based in Los Angeles, California, that develops, produces, and distributes a diverse range of content including television shows, films, merchandise, comics, and games. Founded in 2010 by Robert Kirkman, Skybound is known for publishing popular comic book titles such as The Walking Dead and Invincible, along with other series like Super Dinosaur and Thief of Thieves. The company also engages in online and virtual reality gaming, as well as tabletop gaming, providing a wide array of interactive entertainment. In addition to its publishing and gaming ventures, Skybound hosts entertainment events and sells its merchandise, including hats, through online platforms, thereby enhancing its reach in the entertainment industry.

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.

TeamLiquid

Funding Round in 2022
TeamLiquid is a StarCraft community that runs a professional gaming team and agency specialized in building news and community websites. Its network consists for several websites, including teamliquid.net, liquiddota.com, liquidhearth.com, teamliquidpro.net, and liquidlegends.net. TeamLiquid’s professional gaming team has its foundations in StarCraft and has since expanded to other titles such as Dota, Super Smash Bros., League of Legends, and Heroes of the Storm and Hearthstone. TeamLiquid was started in 2002.

FRVR

Series A in 2022
FRVR Limited is a Malta-based company that specializes in the development and distribution of online computer games. The company operates an instant gaming distribution platform that connects billions of players with engaging games, aiming to democratize access to gaming content. By collaborating with innovative partners, FRVR delivers both expertise and technology to enhance game distribution beyond traditional app stores. The company also works closely with game developers and studios to create captivating games that can be enjoyed across various platforms, including chat applications and social media. Through its efforts, FRVR seeks to adapt to the evolving landscape of gaming and entertainment, ensuring that users can easily access and engage with its offerings.

Loco

Series A in 2022
Loco is an Indian game streaming platform that focuses on creating multiplayer social communities for gamers. It allows users to connect with the public through live streams and arcade games, providing a space for players to showcase their skills. The platform is designed to enhance the gaming experience by enabling interaction with audiences and offering gameplay rewards, thereby maximizing engagement within the global gaming industry.

Frameplay

Series A in 2021
Frameplay is a leading provider of in-game advertising services tailored for the video game industry. The company specializes in intrinsic advertising, allowing brands to seamlessly integrate advertisements within video game environments. Frameplay offers a transparent, self-serve platform that prioritizes a gamer-first experience, granting advertisers creative control over ad placements to ensure alignment with the game's vision. This approach not only enhances the gaming experience but also enables game developers to generate significant revenue while concentrating on game development. Additionally, Frameplay provides sophisticated data and analytics, facilitating effective connections between advertisers and gamers across the globe.

DreamCraft

Series A in 2021
DreamCraft is a platform that allows anyone to create, publish and monetize games without programming or art skills.

Elvie

Series C in 2021
Elvie is a health and lifestyle brand developing smarter technology for women. They are committed to building extraordinary products that improve the health and lives of women everywhere and at all stages of life. Their 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, they took the wellness industry by storm! Our street cred includes more than 12 awards for innovation and design, including the prestigious CES Innovation Award, the IDA Design Award, and the Red Dot Award. As a business, Elvie has been recognized as one of Wired’s ‘hottest start-ups" and named one of the 15 start-ups "to watch" by The Sunday Times, and both products have been featured in the Oscar nominee gift bags. They recently launched a 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 $52 million in investment.

Elvie

Series C in 2021
Elvie is a health and lifestyle brand developing smarter technology for women. They are committed to building extraordinary products that improve the health and lives of women everywhere and at all stages of life. Their 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, they took the wellness industry by storm! Our street cred includes more than 12 awards for innovation and design, including the prestigious CES Innovation Award, the IDA Design Award, and the Red Dot Award. As a business, Elvie has been recognized as one of Wired’s ‘hottest start-ups" and named one of the 15 start-ups "to watch" by The Sunday Times, and both products have been featured in the Oscar nominee gift bags. They recently launched a 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 $52 million in investment.

Keen Games

Series B in 2021
Keen Games is an independent game development studio focused on creating innovative sandbox gaming experiences. The company is known for developing engaging titles such as Portal Knights, Olympus Rising, Sacred 3, and Royal Revolt 2. Keen Games designs games that offer diverse gameplay options, allowing players to level up characters, craft powerful gear, engage in real-time tactical combat, explore expansive maps, and complete tasks. This approach aims to provide players with immersive and enjoyable experiences across various gaming platforms. For further inquiries, contact information can be found on their website.

Loco

Seed Round in 2021
Loco is an Indian game streaming platform that focuses on creating multiplayer social communities for gamers. It allows users to connect with the public through live streams and arcade games, providing a space for players to showcase their skills. The platform is designed to enhance the gaming experience by enabling interaction with audiences and offering gameplay rewards, thereby maximizing engagement within the global gaming industry.

Double Loop Games

Series A in 2021
Double Loop Games is a mobile studio dedicated to making delightful, relaxing experiences for the biggest audience in games.

Twin Suns

Seed Round in 2021
Twin Suns Corp is a video game studio developing action games for console and PC. The company creates video games with its AAA class platform title, which will debut with an original game franchise, providing players around the world with creative and unexpected experiences. Tim Longo, Forest Swartout, and Jeff Morris co-founded the company.

Happy Volcano

Venture Round in 2021
Happy Volcano is an award-winning game development studio currently working on You Suck at Parking, the only racing game where the goal is to stop. Previously released The Almost Gone, a narrative exploration game and Pixel Picasso, an augmented reality memory game.

Double Loop Games

Venture Round in 2021
Double Loop Games is a mobile studio dedicated to making delightful, relaxing experiences for the biggest audience in games.

Snow Print Studios

Venture Round in 2021
Snowprint Studios is a game development company based in Stockholm, Sweden, founded in 2015. Comprising veterans from notable companies like King, DICE, Rovio, and Zynga, the studio specializes in creating mobile mid-core free-to-play games. Their flagship title, Legend of Solgard, exemplifies their commitment to blending innovative gameplay mechanics with appealing aesthetics and characters. By leveraging their extensive industry experience, Snowprint Studios aims to enhance the gaming experience for everyday mobile gamers, making deeper and more engaging gameplay accessible to a wider audience.

PlayerData

Series A in 2021
PlayerData Ltd. specializes in developing innovative sports technology, notably the PlayerData EDGE, which integrates a base layer garment equipped with sensors and a removable control module. Founded in 2017 and based in Edinburgh, United Kingdom, the company aims to revolutionize athletic training by making advanced wearable technology accessible to both amateur and professional athletes. The PlayerData EDGE platform captures real-time biometric data and performance metrics, allowing individuals and teams to monitor and enhance their training effectively. By fostering a community focused on openness and progress, PlayerData Ltd. seeks to empower athletes at all levels to optimize their performance through data-driven insights.

Lightfox Games

Seed Round in 2020
Lightfox Games, Inc. is a Seattle-based company that specializes in designing and developing multiplayer mobile game applications. Founded in 2019, Lightfox aims to create engaging gaming experiences that foster social connections among players, promoting strong bonds between friends and new acquaintances. The company's games are developed collaboratively, incorporating the talents of various amateur game developers, and are designed to inspire a new generation of mobile gamers. By focusing on socially connected gameplay, Lightfox seeks to elevate the standards of mobile gaming and enhance the overall experience for its users.

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 is a Seattle based creative studio building new and original worlds through the visual and interactive magic of virtual reality.

FitXR

Series A in 2020
FitXR is an immersive fitness platform that utilizes augmented reality (AR) and virtual reality (VR) technologies to enhance workout experiences. The company focuses on making fitness enjoyable and accessible by offering a virtual fitness studio that replicates the energy of group classes in a home environment. FitXR's applications provide users with total body workouts designed by fitness experts, emphasizing fun and social interaction. The platform aims to engage users through enjoyable and effective fitness experiences, fostering a community centered around movement and wellness.

NURVV

Series A in 2020
NURVV Limited is a sports wearable technology company based in Twickenham, United Kingdom. It specializes in developing innovative insoles and a coaching application designed to analyze running techniques and assess injury risks. By providing insights and guidance, NURVV aims to enhance runners' performance and promote safer running practices.

Edgegap

Seed Round in 2019
Edgegap is a software development company focused on edge computing infrastructures, particularly for the gaming industry. It specializes in creating solutions that help gaming companies combat lag and reduce latency, thereby enhancing the overall player experience. By leveraging edge computing technology, Edgegap simplifies the management of multiple locations, allowing gaming companies to offload operational complexities and reduce costs. Its innovative approach enables the monetization of various use cases within the gaming sector, positioning Edgegap as a key player in improving game performance and user satisfaction.

Flavourworks

Series A in 2019
Flavourworks is a computer entertainment in order to bring unique and innovative experiences to broad audiences.
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