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 Ian Livingstone Knighted

Today, Hiro Capital is proud to announce that its co-founding Partner, Ian Livingstone has been awarded a Knighthood by HRH Queen Elizabeth II.

Sir Ian is best known as one of the founders of Games Workshop (Warhammer) and Eidos (Lara Croft Tomb Raider) and as the creator of the Fighting Fantasy series of adventure gamebooks.

Over the course of his legendary career, Sir Ian has made innumerable contributions to the art and industry of video and role-playing games.

Three of Ian’s recent investments – Tonic Games (Fall Guys), Playdemic (Golfclash), and Sumo Digital – were acquired in 2021 at unicorn valuations and Hiro Capital has made 20 early-stage games investments in the last 2 years.
 
“With 5 unicorn scale games start-ups under his questing belt, Hiro Capital is proud to celebrate Sir Ian’s knighthood. His bravery, chivalry, courtliness and hermetical talents make him one of the most powerful paladins in video games. We are proud to have Sir Ian co-leading the Hiro Capital guild of mages and sell-swords as we ride forward into the Metaverse of 2022,” said Luke Alvarez and Cherry Freeman, Hiro co-founders. 
 
“Simply put, it is a huge honour for me and fantastic recognition for the UK games industry and the brilliant people who work in it. The industry has come a long way since I founded my first startup and I believe more than ever in Games and Gameplay as a global force for good.” – said Sir Ian Livingstone.

As a digital skills champion, Ian also recently founded the Livingstone Academy, which opened its doors in September 2021 – an all-through school for ages four to eighteen that aims to give its students the tools they need to succeed as young creators in a digital world. 

Find out more at https://www.livingstone-aspirations.org/ 

Train2Game News Sir Clive Sinclair Has Passed

Sir Clive Sinclair unfortunately passed away on Thursday at home in London after a long illness, his family said.

He was 81.

The British entrepreneur is perhaps best known for launching the ZX range of cheap microcomputers, which helped bring computing, games, and programming into UK homes in the 1980s, at least.

This included the ZX80, said to be the UK’s first mass-market home computer for under £100, the ZX81, and the trusty ZX Spectrum. And then there was the Sinclair QL, which was Sir Clive’s big shot at business.

A whole generation grew up in Britain mastering coding on these kinds of systems in their bedrooms, and went on to build games and applications we use today.

Before all that, Sir Clive founded Sinclair Radionics, which produced amplifiers, calculators, and watches, and was a forerunner to his Spectrum-making Sinclair Research. The tech pioneer, who eventually sold his computing biz to Amstrad, was knighted during his computing heyday, in 1983. Sir Clive also took a run at electric vehicles with the C5, and I think we all know how that worked out.

“He was a rather amazing person,” his daughter, Belinda Sinclair, 57, told The Guardian this evening. “Of course, he was so clever and he was always interested in everything. My daughter and her husband are engineers so he’d be chatting engineering with them.”

Dominik Diamond, who in the 1990s presented video games program GamesMaster on Brit telly, was among those who paid tribute to Sir Clive today. “Wouldn’t have had a career without this guy,” said Diamond.

“All your UK video game companies today were built on the shoulders of giants who made games for the ZX Spectrum. You cannot exaggerate Sir Clive Sinclair’s influence on the world.”

Sir Clive is survived by Belinda; his sons, Crispin and Bartholomew, aged 55 and 52 respectively; five grandchildren; and two great-grandchildren.

Source: https://www.theregister.com/2021/09/16/sir_clive_sinclair/