About Hiro Capital
Hiro Capital is a venture capital firm founded in 2018. It is primarily based out of London, United Kingdom. As of Mar 2026, Hiro Capital is an active investor, having invested in 39 companies, with 2 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Retail and Gaming. Most recently it participated in the $***** Seed round of Ami Labs Overall, Hiro Capital portfolio has seen 2 unicorns and 4 acquisitions including key companies like Zwift, IncrediBuild and Ami Labs. A lot of funds co-invest with Hiro Capital, with names like 1Up Ventures sharing a substantial percentage of its portfolio. Hiro Capital has team of 13 people including 3 partners.Key Metrics
Hiro Capital's List of Top Investments
Hiro Capital has a portfolio of 39 companies, including 2 unicorns. Their most notable investments are in Frameplay and FRVR.Their portfolio spans across United States, United Kingdom, Canada and 8 more locations. They have invested in High Tech, Retail, Gaming and 10 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Hiro Capital:1. Zwift
Developer of an online platform for indoor cycling and running. The platform provides structured workouts, virtual routes, and training plans. It offers group rides and races for various skill levels. The platform allows users to unlock levels and in-game rewards. It also provides how-to videos, support, and community forums.
Key facts about Zwift
- Founded Year: 2014
- Location: Long Beach (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $620M
- Employee Count: 378 as on Jun 30, 2026
- Investors: Shasta Ventures, Novator and 21 Others
- Latest Funding Round: Series C, Sep 16, 2020, $*****
- Highlight: Editors' Pick
2. Elvie
Internet first brand offering wearable breast pumps. The portable wearable breast pump is worn inside a nursing bra for allowing women to pump milk, anywhere and anytime. The device is compatible with both Android and iOS devices and allows users to monitor milk volume in real-time, track pumping history for each breast and control the pump remotely.
Key facts about Elvie
- Founded Year: 2013
- Location: London (United Kingdom)
- Annual Revenue: £50M - £100M as on Dec 31, 2022
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $158M
- Employee Count: 115 as on Jun 30, 2026
- Investors: NJF Capital, Lightrock and 26 Others
- Latest Funding Round: Series C, Apr 26, 2024, $*****
- Highlight: Editors' Pick
3. IncrediBuild
Provider of software development acceleration solutions for various industries. It offers build cache, distributed processing, and pipeline observability. The company provides integrations for technologies like Unity, Unreal Engine, and C#. It also offers solutions for game development, computer software, and financial services.
Key facts about IncrediBuild
4. Skybound
Creator of entertainment franchises across multiple media. It develops and produces comics, books, television series, films, video games, podcasts, and merchandise based on its owned intellectual property. The company works with creators to build brands and franchises, leveraging a multi-platform approach to reach audiences. It also partners with other entertainment companies for co-productions and licensing agreements. A significant focus is on animation and interactive gaming experiences.
Key facts about Skybound
- Founded Year: 2010
- Location: Los Angeles (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2023
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $27.1M
- Employee Count: 288 as on Apr 30, 2025
- Investors: Knollwood Investment Advisory, Third Wave Digital and 6 Others
- Latest Funding Round: Series B, Jan 23, 2023, $*****
5. FRVR
Provider of an online gaming platform for browser games. It has a portfolio of games which include 'Hex FRVR' - a puzzle game and 'Lines FRVR' - a puzzle game. The studio has also released its games on iOS and Mobile platforms.
Key facts about FRVR
- Founded Year: 2014
- Location: Copenhagen (Denmark)
- Stage: Series A
- Total Funding till date: $94.3M
- Employee Count: 49 as on May 31, 2026
- Investors: Iberis Capital, Accel and 6 Others
- Latest Funding Round: Series A, Aug 13, 2024, $*****
- Highlight: Editors' Pick
Hiro Capital's Year-on-Year Investment Trends
Hiro Capital has invested in 39 companies over the last 7 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 2 investments, while as of Mar 2026, it has made 1 investment in this year. Its most recent first time investment was in Ami Labs and most recent follow-on round was in FRVR.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 2 | 0 | 2 |
2024 | 2 | 2 | 4 |
2023 | 3 | 0 | 3 |
2022 | 9 | 3 | 12 |
2021 | 12 | 2 | 14 |
2020 | 5 | 0 | 5 |
2019 | 1 | 0 | 1 |
Hiro Capital's Investments by Stage
Hiro Capital has made 14 investments in Seed stage with an average round size of $81.7M, 13 investments in Series A stage with an average round size of $6.16M, 6 investments in Series B stage with an average round size of $25.2M, 1 investment in Series C stage with an average round size of $80M and 1 investment in Series D stage with an average round size of $8M.Stage of entry | No. of Investments |
|---|---|
Seed | 14 |
Series A | 13 |
Series B | 6 |
Series C | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
Hiro Capital's Investments by Sector
Hiro Capital has a diverse portfolio, with companies operating in the Gaming, High Tech, Enterprise Applications, Mobile and Consumer. Notably, it has invested in 33 Tech companies, 23 Consumer (B2C) companies, 22 Software companies and at least 17 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Gaming | 20 |
High Tech | 10 |
Enterprise Applications | 8 |
Mobile | 7 |
Consumer | 6 |
Others | 25 |
Note: We have considered here, only first round of investments
Hiro Capital's Investments by Geography
Hiro Capital has made most investments in United States (15), followed by United Kingdom where it has made 9 investments.Country | No. of Investments |
|---|---|
United States | 15 |
United Kingdom | 9 |
Canada | 2 |
Belgium | 1 |
Chile | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
Hiro Capital's recent investments
Hiro Capital has made 1 investments in 2026 so far - Ami Labs.Here are the most recent investments by Hiro Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 10, 2026 | France | Seed | 9394 | [+31] | |
Oct 06, 2025 | United States | Seed | 3148 | ||
Feb 19, 2025 | United Kingdom | Seed | 1660 | ||
Oct 29, 2024 | United Kingdom | Seed | 8763 | - | |
Oct 07, 2024 | United States | Series A | 9878 |
Unicorns in Hiro Capital's Portfolio
Hiro Capital has 2 unicorns in its portfolio - Ami Labs and Zwift. The most recent unicorn in their portfolio is Ami Labs. It became a unicorn in 2026.Here is a list of unicorns in Hiro Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
57 | Developer of action conditioned world models for autonomous agentic systems | 2026 | Paris | Seed | vggukxu | ||
71 | Developer of an online platform for indoor cycling and running | 2014 | Long Beach | Series C | tukktyl |
Acquired companies in Hiro Capital's Portfolio
4 companies from Hiro Capital's portfolio have been acquired. The most recent acquisition was Loco in Sep 2024 by Redwood Technologies Group for $*****.Here are Hiro Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 26, 2024 | Jun 28, 2021 | Seed | 6405 | |
Oct 05, 2023 | Feb 26, 2021 | Series B | 4419 | |
Aug 28, 2019 | Feb 16, 2023 | Series D | 9846 | |
Jun 01, 2018 | Jun 27, 2022 | Series B | 2837 |
Team profile of Hiro Capital
Hiro Capital has a team of 13 members including 3 Partners, 1 Venture Partner and 7 Principals located in United Kingdom, United States and 3 more locations. Hiro Capital's team sits on the board of 1 company.Here is a list of top team members in Hiro Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | London | LoveCrafts and FitXR | ||
Partner | London | - | ||
Partner | United Kingdom | - | ||
Venture Partner | Manchester | - | ||
Principal | London | - | ||
Principal | Madrid | - | ||
Principal | Caernarfon | - | ||
Principal | Buffalo | - | ||
Principal | London | - | ||
Principal | Geneva | - | ||
Principal | Hamburg | - |
Co-investors of Hiro Capital
Over the past 7 years, 183 investors have co-invested in Hiro Capital's portfolio companies. This includes funds and angels.
- Invested before Hiro Capital: Makers Fund, Ted Leonsis and 72 others have invested in rounds before Hiro Capital. There are 2 companies where Makers Fund has invested before Hiro Capital and 2 companies where Ted Leonsis has invested before Hiro Capital.
- Top Co-investors of Hiro Capital: 86 investors entered a company along with Hiro Capital. These include investors like 1Up Ventures (3 companies).
- Invested after Hiro Capital: A total of 23 investors have invested in Hiro Capital's portfolio after their investments. Top Investors include Westerly Winds (1 company), Iberis Capital (1 company) and Indico Capital Partners (1 company).
Recent News related to Hiro Capital
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SBVA Invests €30 Million in Yann LeCun-Founded AMIPR Newswire•Mar 11, 2026•SBVA, Ami Labs, Hiro Capital, Cathay Innovation and 1 other
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Advanced Machine Intelligence Closes $1.03 Billion Seed FundingFinSMEs•Mar 11, 2026•Ami Labs, SBVA, Shorooq Partners, HV Capital and 6 others
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Yann LeCun Raises $1 Billion to Build AI That Understands the Physical WorldDnyuz•Mar 10, 2026•Samsung, Ami Labs, HV Capital, Hiro Capital and 3 others
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HIRO Capital welcomes Sir Nick Clegg as General Partner & launches European VC fund HIRO IIIEuropa Press•Dec 11, 2025•Hiro Capital
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Maintain Altitude secures $500,000 in pre-seed round to accelerate game developmentPocket Gamer•Oct 29, 2024•Maintainaltitude, Hiro Capital
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Video game company FRVR raises €11.45M to implement AI on its development platformEl Referente•Aug 21, 2024•FRVR, Iberis Capital, Indico Capital Partners, Lince Capital and 2 others
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FRVR Raises $12.7M in FundingFinSMEs•Aug 13, 2024•FRVR, Iberis Capital, Indico Capital Partners, Lince Capital and 3 others
