About Improbable
Improbable is a company based in London (United Kingdom) founded in 2012 by Robert Whitehead, Peter Lipka, and Herman Narula.. Improbable has raised $929.85 million across 9 funding rounds from investors including SoftBank, NetEase Games and ABC. The company has 634 employees as of December 31, 2023. Improbable has completed 4 acquisitions, including Midwinter Entertainment, Multiplayer Guys and The Multiplayer Group. Improbable offers products and services including MLB Virtual Ballpark, Jitter, and KosmoPop. Improbable operates in a competitive market with competitors including Spatial, Hadean, Stardust, Karmaverse and XVERSE, among others.
- Headquarter London, United Kingdom
- Employees 634 as on 31 Dec, 2023
- Founders Robert Whitehead, Peter Lipka, Herman Narula
- Stage Unicorn
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Sectors
Media & EntertainmentTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Improbable Worlds Limited
- Date of Incorporation 16 May, 2012
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$1.58 M (USD)110as on May 31, 2019
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Net Profit
$-50.92 M (USD)22as on May 31, 2019
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EBITDA
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Total Equity Funding
$929.85 M (USD)
in 9 rounds
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Latest Funding Round
$111 M (USD), Series D
Oct 03, 2022
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Investors
SoftBank
& 21 more
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Employee Count
634
as on Dec 31, 2023
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Investments & Acquisitions
Midwinter Entertainment
& 3 more
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Products & Services of Improbable
Improbable offers a comprehensive portfolio of products and services, including MLB Virtual Ballpark, Jitter, and KosmoPop. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Immersive 3D platform for live baseball events and fan interactions.
Twitch-based tool for viewer participation in virtual games.
Platform for K-pop fan events and artist engagements.
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Funding Insights of Improbable
Improbable has successfully raised a total of $929.85M across 9 strategic funding rounds. The most recent funding activity was a Series D round of $111 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series D — $111.0M
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First Round
First Round
(09 Mar 2015)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series D - Improbable | Valuation |
investors |
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| Apr, 2022 | Amount | Series D - Improbable | Valuation | a16z , SoftBank | |
| Feb, 2020 | Amount | Series C - Improbable | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Improbable
Improbable has secured backing from 22 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include SoftBank, NetEase Games and ABC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Diversified investment management is handled by SIG across multiple assets.
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Founded Year | Domain | Location | |
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Early-stage blockchain technology companies are invested in by the firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Improbable
Improbable has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Midwinter Entertainment, Multiplayer Guys and The Multiplayer Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Multiplayer games are developed by the company in Nottingham.
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2018 | ||||
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PC-based multiplayer games are developed, including physics-based battle royale titles.
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2018 | ||||
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Orchestration tool for game servers in hybrid cloud infrastructure
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Improbable
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Improbable Comparisons
Competitors of Improbable
Improbable operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Spatial, Hadean, Stardust, Karmaverse and XVERSE, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Spatial is focused on creating immersive virtual experiences.
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| domain | founded_year | HQ Location |
Provider of a metaverse development platform
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| domain | founded_year | HQ Location |
Stardust is focused on AI-driven advertising for app growth.
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| domain | founded_year | HQ Location |
PC and console-based NFT games are developed using blockchain technology.
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| domain | founded_year | HQ Location |
AI-powered platform for 3D content generation and display is developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Improbable
Frequently Asked Questions about Improbable
When was Improbable founded?
Improbable was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Improbable located?
Improbable is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Improbable?
Herman Narula is the current CEO of Improbable. They have also founded this company.
Is Improbable a funded company?
Improbable is a funded company, having raised a total of $929.85M across 9 funding rounds to date. The company's 1st funding round was a Series C of $12.16M, raised on Mar 09, 2015.
How many employees does Improbable have?
As of Dec 31, 2023, the latest employee count at Improbable is 634.
What is the annual revenue of Improbable?
Annual revenue of Improbable is $1.58M as on May 31, 2019.
What does Improbable do?
Improbable was founded in 2012 in London, United Kingdom, focusing on distributed simulation software for the video games and corporate sectors. A cloud-based computing solution is provided, enabling game developers to create, run, and operate online games. Developers are allowed to write code using various simulation software and distribute it across multiple machines for scalable operations.
Who are the top competitors of Improbable?
What products or services does Improbable offer?
Improbable offers MLB Virtual Ballpark, Jitter, and KosmoPop.
How many acquisitions has Improbable made?
Improbable has made 4 acquisitions, including Midwinter Entertainment, Multiplayer Guys, and The Multiplayer Group.
Who are Improbable's investors?
Improbable has 22 investors. Key investors include SoftBank, NetEase Games, ABC, Leland Stanford Junior University, and MultiversX.
What is Improbable's valuation?
The valuation of Improbable is $3.36B as of Oct 2022.
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