Introducing a new venture capital fund dedicated to advancing innovations in spatial AI, robotics, longevity, gaming, as well as space and defense sectors.
Nick Clegg, former Deputy Prime Minister and current President of Global Affairs at Meta, has joined Hiro Capital as a General Partner to spearhead their third scale-up venture capital fund. This announcement was warmly received by Sir Ian Livingstone CBE and the Hiro Capital team on LinkedIn.
Clegg expressed his enthusiasm, stating, “My decision to join Hiro Capital stems from a shared conviction with the founders about the transformative potential of immersive computing and spatial AI. We are transitioning from merely browsing the internet to inhabiting it. This paradigm shift is just beginning, driven by the fusion of spatial technologies and cutting-edge world model AIs. Unlike many other investment funds, Hiro Capital is exclusively committed to these domains, with a focus firmly rooted in Europe.”
He further highlighted the unique position of the UK and European technology landscape: “Europe boasts some of the world’s leading researchers, top-tier universities, and exceptional engineering talent. The challenge isn’t innovation scarcity but rather the limited availability of large-scale capital. Despite skepticism, Europe’s startup ecosystem is vibrant and poised for rapid growth. I am confident that Hiro Capital’s strategic geographic and technological expertise will catalyze this acceleration.”
Complementing these strategic moves, Hiro Capital has also broadened its advisory board with distinguished figures such as Professor Yann LeCun, a Turing Award laureate and former Meta chief scientist renowned for his contributions to deep learning AI; Malcolm Turnbull, former Prime Minister of Australia and a prominent technology advocate; and Major Tim Peake, a scientist, test pilot, and the first British astronaut to represent the European Space Agency.
