Hiro Capital launches $340M fund for games and metaverse

European venture capital firm Hiro Capital announced today its second fund for games. The fund, called Hiro Capital II totals €300 million (around $340 million). According to Hiro, the fund is for backing new gaming and metaverse-based ventures.

This is the second such fund that Hiro has launched in three years. This fund’s predecessor, Hiro Capital 1, launched in 2019 with €115 million (around $130 million). According to Hiro, the first fund made 21 investments, including studios Polyarc, Flavourworks, Keen, Snowprint, and Happy Volcano.