Startup · United Kingdom

Improbable

HQ London, United KingdomFounded 201251-200 employeesUpdated Oct 18, 2026

We are a venture builder - our model combines the agility of a startup and the strength of a corporation, advancing the frontier ecosystems of AI, Web3 and the metaverse.

Stage undisclosed · Oct 3, 2022

Funding7 rounds · ~$852M

Equity raised: ~$852M
Latest: $100MStage undisclosed · Oct 3, 2022
Last valuation: $3.00B?Basis not stated · Stage undisclosed · Oct 3, 2022

Cumulative raised$852M

Mar 24, 2015Oct 3, 2022

Valuation over time$3.00B · Oct 3, 2022

Valuations by round
Announced	Stage	Valuation	Basis
May 11, 2017	Series B	$1.00B	Basis not stated
Jul 26, 2018	Strategic	$2.00B	Basis not stated
Oct 3, 2022	Undisclosed	$3.00B	Basis not stated

Funding rounds
Announced	Stage	Amount	Valuation	Lead investors	Other investors	Confidence
Oct 3, 2022	Undisclosed	$100M	$3.00B?	MultiversX (formerly Elrond)	—	Reported
Apr 7, 2022	Undisclosed	$150M	—	Andreessen Horowitz, SoftBank Group	—	Reported
Jul 26, 2018	Strategic	$50.0M	$2.00B?	NetEase	—	Reported
May 11, 2017	Series B	$502M	$1.00B?	SoftBank Group	Andreessen Horowitz, Horizons Ventures	Reported
Jul 1, 2015	Series A	~$30.0M	—	—	Horizons Ventures	Speculative
Mar 24, 2015	Series A	$20.0M	—	Andreessen Horowitz	Horizons Ventures	Reported
Dec 1, 2014	Seed	Undisclosed	—	Amadeus Capital Partners	—	Speculative

Undisclosed
Led by MultiversX (formerly Elrond)
Valuation $3.00B?
$100M
Oct 3, 2022
Undisclosed
Led by Andreessen Horowitz, SoftBank Group
$150M
Apr 7, 2022
Strategic
Led by NetEase
Valuation $2.00B?
$50.0M
Jul 26, 2018
Series B
Led by SoftBank Group
With Andreessen Horowitz, Horizons Ventures
Valuation $1.00B?
$502M
May 11, 2017
Series A
With Horizons Ventures
Speculative
~$30.0M
Jul 1, 2015
Series A
Led by Andreessen Horowitz
With Horizons Ventures
$20.0M
Mar 24, 2015
Seed
Led by Amadeus Capital Partners
Speculative
Undisclosed
Dec 1, 2014

Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.

People8

All 8 people →

People
Person	Role
Herman Narula · LinkedIn ↗	CEO and Co-Founder
Peter Lipka · LinkedIn ↗	Founder
Rob Whitehead · LinkedIn ↗	CPO & Co-Founder
Aashima Praveen · LinkedIn ↗	CMO’s Office
Irina Nicoleta Scarlat	Chief Marketing Officer
Jason Jhonson · LinkedIn ↗	CMO
Mark Shepherd · LinkedIn ↗	Chief Legal Officer
Peter Lipka · LinkedIn ↗	Chief Operating Officer

Sources14

Show all 14 sources and supporting evidence

Profile3

1
CompanyImprobable
Improbable · Supports Organization · description, Organization · name, Organization · website
“We are a venture builder - our model combines the agility of a startup and the strength of a corporation, advancing the frontier ecosystems of AI, Web3 and the metaverse. We partner with exceptional founders to create and grow businesses that define the future.”
2
DatabaseSixth-Domain public startups directory
Sixth-Domain · Supports Organization · kind
“{"group": "startups", "id": "1821ff59-e4bd-48ad-99c8-fe9637e8d822", "name": "Improbable"}”
3
DatabaseImprobable - Owler company profile
Owler · Supports Organization · country, Organization · founded year, Organization · hq city, Organization · linkedin url, Organization · x url
“country: GB”

Funding9

4
NewsImprobable targets profitability & $100m funding
BusinessCloud · Oct 5, 2022 · Supports Funding round · post money valuation usd
“at a valuation in excess of $3 billion”
5
NewsImprobable says it can achieve profitability in 2022 after confirming new $3bn+ valuation
Sifted · Oct 3, 2022 · Supports Funding round · amount
“London-based metaverse platform Improbable has raised a new $100m investment round, led by UK blockchain company Elrond”
6
NewsAndreessen Horowitz, SoftBank Lead $150M Raise for Metaverse Startup Improbable
CoinDesk · Apr 7, 2022 · Supports Funding round · amount
“Andreessen Horowitz, SoftBank Lead $150M Raise for Metaverse Startup Improbable”
7
NewsVirtual world games development platform Improbable valuation tops $2bn after securing investment from Chinese giant NetEase
City A.M. · Jul 26, 2018 · Supports Funding round · amount, Funding round · post money valuation usd, Organization · ownership
“Chinese tech giant NetEase has ploughed $50m into tech startup Improbable”
8
NewsUK tech start-up Improbable breaks $1 billion valuation with SoftBank deal
Reuters · May 11, 2017 · Supports Funding round · amount, Funding round · post money valuation usd
“has raised $502 million in a funding round led by Japan's SoftBank”
9
DatabaseImprobable - AlphaGrowth company profile
AlphaGrowth · Supports Funding round, Funding round · amount
“Dec. 1, 2014”
10
NewsImprobable (company)
Wikipedia · Supports Funding round
“Seed funding came from a $1m Narula family loan and $1.2m from angel investors.”
11
NewsImprobable scores $20m investment from Andreessen Horowitz
GamesIndustry.biz · Supports Funding round · amount
“UK tech company Improbable just raised $20 million in a funding round with Andreessen Horowitz”
12
DatabaseImprobable - Tracxn company profile
Tracxn · Supports Funding round
“Jul 06, 2015”

People2

13
DatabaseImprobable - Crunchbase company profile
Crunchbase · Supports Organization · country, Organization · hq city, Organization · linkedin url, Organization · x url, Role
“country: GB”
14
DatabaseImprobable - LinkedIn company profile
LinkedIn · Supports Organization · country, Organization · employee range, Organization · hq city, Organization · hq region, Organization · linkedin url, Role
“country: GB”

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