Train2Game News Hiro Capital II Announced

Hiro Capital – the leading specialist European VC focused on Videogames, Metaverse Technologies, Creator Platforms and Gamified Fitness – today announces the launch of HIRO CAPITAL II, a €300m ($340m) fund focused on backing the world’s emerging Gaming and Metaverse innovators.

Hiro II will be announcing its first investments in April.
 
Hiro’s new fund invests in entrepreneurial teams at Seed, A and B across the UK, Europe and North America (and selectively ROW), building innovative and disruptive leaders in Games, Esports, Creator Platforms and Gamified Fitness.
 
Founded in 2018, Hiro’s name was inspired by Hiro Protagonist, the sword-wielding, Metaverse-hacking samurai hero of Neil Stephenson’s seminal Snowcrash, a novel about video games, VR, digital assets and the neocortex.

Since launch, Hiro has been investing in sci-fi, story-telling IPs and the deep future of games and metaverse technology. Hiro believes strongly in Games as a force for good.
 
Building on the momentum of Fund I
 
Between 2019 and 2022, Hiro has made 21 Series A and B Games and Metaverse investments across the UK, EU and USA. The Hiro 1 portfolio is now c.80% invested and is performing strongly, across fast-growing investments such as Polyarc (Seattle) , FitXR (London), FRVR (Lisbon), Keen Games (Frankfurt), Snowprint (Stockholm), LOCO (India) and LIV (Prague). Hiro Capital also co-led a $22m investor consortium alongside Blackrock and Westerly Winds, as part of a Series C round in London-based gamified femtech star Elvie. Hiro’s investors included some of the world’s largest games and technology companies.
 
“We have been believers in the Metaverse since we created the fund in 2018. Our goal with Hiro is to bring founder-focused venture funding to Games studios and Metaverse technology creators. In 2022 we are at a pivotal moment in the very early phases of the Metaverse, VR, AR and Web3 — these revolutions will take at least a decade and much of the creativity and technology innovation will start in Games. As a team, we have the experience and networks to support the incredible talent that we find across Europe, the UK and beyond. Our new fund gives us more firepower to find and develop emerging stars and level them up to global scale.” Luke Alvarez
 
Hiro Metaverse Acquisitions 1
 
In Jan 2022, Hiro Capital 1 became the lead sponsor in a new acquisition vehicle focused on the Videogaming and Metaverse sectors. Hiro Metaverse Acquisitions 1 began trading on the LSE on Feb 7th, only the second ever SPAC to list in London. Hiro MA1 raised £115m (c.$150m) to target Games and Metaverse acquisitions in the $600m-$2.25bn range.

Investing in Games and the Metaverse
 
With Hiro Capital 1, Hiro Capital II and Hiro MA1, Hiro’s AUM total c.$650m, entirely focused on Games and Metaverse innovators in the UK, Europe and beyond.
 
Partners with deep knowledge of gaming
 
The three Hiro founding partners have co-founded startups generating billions of value in exits, have completed five public IPO’s and have scaled six >$500m-sized games companies.
 
Hiro Managing General Partner, Luke Alvarez, founded Inspired Entertainment, a >$600m EV Nasdaq-listed Virtual Sports games technology leader. Luke is also co-founder of Sknups — a Web3 games skin platform — and was a founding director of The Cloud Network, an early public access cloud platform backed by Accel and acquired by Sky.
 
Hiro General Partner, Cherry Freeman, co-founded the global community and e-commerce brand LoveCrafts and has spent 10 years working and angel investing in venture-backed tech companies including Elvie, New Voice Media and Mimecast (currently being acquired for $5.8bn) .
 
Hiro General Partner Sir Ian Livingstone is the co-founder and former chairman of Eidos plc (Lara Croft:Tomb Raider), co-founder of Games Workshop (Warhammer) and co-author of the Fighting Fantasy gamebook series. Sir Ian was also an early investor and chairman of Playdemic (sold to EA for $1.4bn in 2021), Tonic Games (sold to Epic in 2021) and Sumo plc (sold to Tencent for $1.3bn in 2022). Ian is also the founder of the Livingstone Academy, a creative, games and compsci focused UK Academy school. Sir Ian is passionate about games and technology playing a key role in educating the next generations of kids.
 
In addition to the success of Hiro Capital I, on Jan 1 2022 Ian Livingstone CBE became Sir Ian Livingstone CBE as he was formally knighted by HM Queen Elizabeth II for his services to the videogames industry.

For more information on Hiro Capital go to https://hiro.capital/

Train2Game News Games Finance Market 2019

Momentum is building behind the upcoming fourth annual Games Finance Market, part of London Games Festival, which has secured participation from a number of world-renowned investors and game funders.

60 different investors are expected to attend the event on 3 and 4 April in central London, running during the wider 2-14 April 2019 London Games Festival. The event has grown in popularity since its 2016 debut and continues to attract investor heavyweights looking to fund new games businesses and hear innovative pitches.

Recent research has shown that the global appetite for games investments is soaring, with $5.7bn spent on games companies in 2018 – double the amount in 2017.

New to the Market in 2019 are a range of established world-famous investors who haven’t visited before but have been attracted to London and the Games Festival by its unique mix of talent, culture and cost-effectiveness. These include Accel, Balderton Capital, BigBen Interactive, Chucklefish, DMM, ExWorks Capital, Finstock Capital, Gameforge, Kowloon Nights, Private Division, and Triple Dragon.

They join other previously-confirmed attendees including All 4 Games, Altered VC, Authentic Media Group, BFI, Curve Digital, Goldfinch Entertainment, Greenlight Games, Green Man Gaming Publishing, ID@Xbox, Microsoft, London Venture Partners, Marvelous Europe, Miniclip, Northern Ireland Screen, PlayStack and SEGA.

Developers can still apply to be part of the market and get a chance to meet these visiting investors – more information can be found at http://gfm.games.london, while the deadline to apply is midnight GMT on Monday, 18 February 2019.

The Games Finance Market is part of London Games Festival and is backed by the Mayor of London. It is delivered by Games London, an initiative from Film London, the capital’s screen industries agency, and video games trade body Ukie (The Association for UK Interactive Entertainment).

Find out more at www.games.london and follow @londongamesfest for more updates over the coming weeks and months.

Train2Game News GameFounders Investors


Since 2012, GameFounders has invested into 60 fresh and talented game studios from 26 countries. 
All game studios around the world can apply at gamefounders.com until November 15, 2016. The main criteria of the evaluation are the team composition, their vision and the quality of work the team can produce.

If selected, the studio will have access to over 150 gaming mentors and partners from the best studios in the world. On top of that, GameFounders will provide a seed capital of 25,000 USD  in exchange for a moderate share of equity. 

The shortlisted teams are expected to have a beta version, prototype or slice of the game and absolutely be ready to set up a business. The upcoming 3-month cycle, the seventh for GameFounders, takes off in January 2017 in the gorgeous city of Kuala Lumpur, Malaysia. The top game mentors to be working with the teams are also the ones shortlisting the final lineup.

Gamefounders’ Success Stories:

●      Bad Seed Entertainment from Italy – Raised investment from Mind the Bridge and United Ventures.

●      IMGNATION Studio from Brazil – Raised investment from US based VR accelerator Boost VC and is now one of the pioneers of VR development in Brazil.

●      Tiny Lab Productions from Lithuania – Reached 10 million downloads for their game Tiny Kids Racing

●      Bitcake Studio from Brazil – Launched their game Holodrive and grew their players from 10k to a million and recently won “Best Technology” in SBGames 2016.

●      OY Games from Malaysia – Won the Audience Choice Award at Casual Connect 2016.