About Improbable
Improbable is a Media & Entertainment company based in London (United Kingdom) founded in 2012 by Robert Whitehead, Peter Lipka, and Herman Narula. Platform offering distributed simulation software for video games and corporate sectors. It operates in the Media & Entertainment and Technology sectors. Improbable has raised $936.64 million across 9 funding rounds from investors including SoftBank, United Talent Agency and SoftBank Group. The company has 354 employees. Improbable has completed 4 acquisitions, including Midwinter Entertainment, Multiplayer Guys and The Multiplayer Group. Improbable was last valued at $3 billion in October 2022. Its chief executive, as recorded, is Herman Narula. Its website improbable.io draws about 32 thousand monthly visits. Improbable offers products and services including MLB Virtual Ballpark, Jitter, and KosmoPop. Its focus areas include High Tech, Virtual Reality, Content Creation Tools and End-to-end Solutions. Its legal entity is IMPROBABLE WORLDS LIMITED.
Company details
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.
- Headquarters London, United Kingdom
- Employees 354
- Founders Robert Whitehead, Peter Lipka, Herman Narula
- Stage Unicorn
- SectorsMedia & EntertainmentTechnology
- Email••••••••
- Website improbable.io
- Social LinkedIn X Facebook
- Legal Name Improbable Worlds Limited
- Date of Incorporation 16 May, 2012
- Jurisdiction LONDON, UNITED KINGDOM
- Annual Revenue$1.58 M (USD)110as on May 31, 2019
- Net Profit-$50.92 M (USD)22as on May 31, 2019
- Total Equity Funding$936.64M (USD)
in 9 rounds
- Latest Funding Round$111M (USD), Series D
Oct 2022
- InvestorsSoftBank
& 32 more
- Employee Count354
- Investments & AcquisitionsMidwinter Entertainment
& 3 more
Products & Services of Improbable
Improbable offers a comprehensive portfolio of products and services, including MLB Virtual Ballpark, Jitter, and KosmoPop.
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.
Funding Insights of Improbable
Improbable has successfully raised a total of $936.64M 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 $936.64M
- Total Rounds 9
- Last Round Series D — $111M
- First Round $22.09M
(Mar 2015)
- Investors Count 33
All 9 funding rounds of Improbable with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | $111M | Series D | $3.36B | – | |
| Apr 2022 | $150M | Series D | – | a16z, SoftBank | |
| Feb 2020 | $12.16M | Series C | – | – | – |
| Sep 2019 | $24.8M | Series C | $2.17B | – | – |
| Jul 2018 | $75.8M | Series C | $••••• | NetEase Games | – |
| Apr 2017 | $502M | Series C | – | SoftBank Capital | |
| Jul 2016 | $998,575 | Series B | – | – | – |
| Jul 2015 | $31M | Series B | – | Horizons Ventures | |
| Mar 2015 | $22.09M | Series A | – | a16z |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2022 | $3.36B | •••••••• |
| Sep 2019 | $2.17B | •••••••• |
| Jul 2018 | $••••• | •••••••• |
Full valuation and stage history of Improbable
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
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Verified entity values are shown only after access is granted.
Last known valuation $3B (Oct 2022). 33 investors in total: 28 institutional and 5 angel.
Investors in Improbable
Improbable has secured backing from 33 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include SoftBank, United Talent Agency and SoftBank Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | a16z.com | |||
Diversified investment management is handled by SIG across multiple assets. | 1987 | sig.com | Bala Cynwyd, United States | |
Early-stage blockchain technology companies are invested in by the firm. | cmt.digital | Chicago, United States | ||
Horizons Ventures is focused on investing in deep science and technology. | horizonsventures.com | Hong Kong, China | ||
An investment platform is provided for diverse sectors and geographies. | 1974 | temasek.com.sg | Singapore, Singapore | |
Early-stage deep technology investments are made by Amadeus Capital. | amadeuscapital.com | London, United Kingdom | ||
Venture capital firm focused on seed-stage investments | localglobe.vc | London, United Kingdom | ||
Venture capital firm focused on tech companies | conversioncapital.com | New York, United States | ||
Venture capital investments in technology and startups. | 2016 | visionfund.com | London, United Kingdom | |
Early-stage investments are made in blockchain and AI startups. | tesseravp.com | New York, United States |
Investor details for Improbable
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Improbable
28 people are tracked at Improbable (16 in leadership, 12 in team); the tracked headcount is 354.
| Name | Role | Group |
|---|---|---|
Robert Whitehead | Co-Founder | Leadership |
Peter Lipka | Co-Founder | Leadership |
Herman Narula | Co-Founder & CEO | Leadership |
Jordan Giddings | Chief Scientist | Leadership |
Adam Pepelasis | VP, Operations | Leadership |
Rob Whitehead | Co-Founder & CPO | Leadership |
Eduardo Araujo | Head Of Strategy | Leadership |
Robin Šmíd | Senior Vice President Operations | Leadership |
Mark Shepherd | Chief Legal Officer | Leadership |
Marine Boulot | Chief Communications Officer (cco) | Leadership |
Alex Karlsson | General Manager | Leadership |
Michael Spooner | VP - Legal | Leadership |
Roger Sun | Head Of PR And Ga, China | Leadership |
Karliah Large | Chief Of Staff To Ceo, Herman Narula | Leadership |
James Taine | Head Of Corporate Development | Leadership |
Przemek Sikora | UX Director | Leadership |
Sam Snyder | SVP R&d | Team |
Kim G. | Group Finance | Team |
Iseult J. | Lead Product Researcher | Team |
Carl W. | Senior Workplace Manager | Team |
8 more people are available in the full profile.
Complete people profiles for Improbable
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Orchestration tool for game servers in hybrid cloud infrastructure | zeuz.io | Munich, Germany | 2017 | Feb 2020 | •••• | |
Multiplayer games are developed by the company in Nottingham. | themultiplayerguys.com | Nottingham, United Kingdom | 2018 | Sep 2019 | •••• | |
Core video games are developed by Midwinter Entertainment. | midwinter.net | Seattle, United States | 2016 | Sep 2019 | •••• | |
PC-based multiplayer games are developed, including physics-based battle royale titles. | themultiplayergroup.com | Nottingham, United Kingdom | 2018 | Jun 2019 | •••• |
Complete acquisition details for Improbable
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Improbable
8 dated milestones of Improbable across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Improbable is founded.
- Funding First funding round of $22.1M.
- Milestone Reaches Unicorn status.
- Acquisition Acquires The Multiplayer Group.
- Acquisition Acquires Midwinter Entertainment.
- Acquisition Acquires Multiplayer Guys.
- Acquisition Acquires Zeuz.
- Funding Latest funding round, Series D, of $111.0M.
Web traffic of Improbable
The website of Improbable (improbable.io) receives about 32.4K visits a month.
- Monthly visits32.4K
▲ 6.8% vs previous month
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Complete news archive for Improbable
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Frequently Asked Questions about Improbable
Improbable was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Improbable is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Herman Narula is the CEO of Improbable, as recorded in our data. They have also founded this company.
Improbable is a funded company, having raised a total of $936.64M across 9 funding rounds to date. The company's 1st funding round was a Series A of $22.09M, raised on Mar 2015.
Improbable has 354 employees.
Annual revenue of Improbable is $1.58M as on May 31, 2019.
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.
Improbable offers MLB Virtual Ballpark, Jitter, and KosmoPop.
Improbable has made 4 acquisitions, including Midwinter Entertainment, Multiplayer Guys, and The Multiplayer Group.
Improbable has 33 investors. Key investors include SoftBank, United Talent Agency, SoftBank Group, NetEase Games, and ABC.
The valuation of Improbable is $3B as of Oct 2022.
Improbable operates through Improbable Worlds Limited.