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
Locked
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Phone
Locked
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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
Not available
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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.
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.
People of Improbable
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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.
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.
| 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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Diversified investment management is handled by SIG across multiple assets.
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Early-stage blockchain technology companies are invested in by the firm.
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Investor details for Improbable
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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.
Investment portfolio details for Improbable
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| 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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PC-based multiplayer games are developed, including physics-based battle royale titles.
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Orchestration tool for game servers in hybrid cloud infrastructure
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Locked | Locked | 2017 | Locked |
Complete acquisition details for Improbable
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Financial Statements - Improbable
Detailed financials for Improbable
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Improbable Comparisons
Peer comparison for Improbable
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Spatial is focused on creating immersive virtual experiences.
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Provider of a metaverse development platform
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Stardust is focused on AI-driven advertising for app growth.
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PC and console-based NFT games are developed using blockchain technology.
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AI-powered platform for 3D content generation and display is developed.
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Detailed competitors of Improbable
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Latest news on Improbable
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 current CEO of Improbable. They have also founded this company.
Improbable is a funded company, having raised a total of $929.85M across 9 funding rounds to date.
As of Dec 31, 2023, the latest employee count at Improbable is 634.
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 22 investors. Key investors include SoftBank, NetEase Games, ABC, Leland Stanford Junior University, and MultiversX.
The valuation of Improbable is $3.36B as of Oct 2022.