# Improbable Worlds

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/improbable-worlds

- Industry: Software
- Headquarters: London, UK
- Website: www.improbable.io
- Total disclosed funding: $528M
- Latest round: Series B (Apr 27, 2017)
- Investors on record: 6

## About

Improbable Worlds Limited is a technology company specializing in the development of innovative solutions for immersive digital experiences, utilizing advanced technologies in AI, web3, and the metaverse.Founded in 2012 and headquartered in London, UK, Improbable Worlds Limited focuses on creating platforms that enable interactive digital environments. The company has successfully raised USD 150 mn in its latest funding round on April 7, 2022, co-led by Andreessen Horowitz and SB Investment Advisers. CEO Herman Narula, who has a history of founding other tech ventures, oversees the company's strategy and operations. Improbable has completed a total of 6 funding deals, with the most recent investments aimed at enhancing its product offerings.Improbable specializes in developing products within frontier ecosystems, featuring advanced technologies in AI and the metaverse. Key offerings include the MLB Virtual Ballpark, enhancing live baseball viewing, and Jitter, which enables interactive Twitch streams. The company also provides Chunked, facilitating high-volume transactions on the Somnia Network for creating persistent virtual worlds. Their products target clients primarily in North America and Europe, focusing on user engagement through innovative digital experiences.In the most recent fiscal year 2021, Improbable reported revenue of USD 41.44 mn, while experiencing an EBITDA loss of USD 189.69 mn. The company generates revenue through partnerships and B2B transactions, allowing clients like entertainment companies to create unique user experiences linked to their flagship products.In April 2022, Improbable Worlds Limited raised USD 150 mn in venture funding, which will be allocated towards the development of M² (MSquared), an interoperable Web3 metaverse network utilizing Morpheus technology. The company aims to expand its geographic reach, targeting both the North American and European markets for growth by developing new product offerings and enhancing existing solutions.

## Funding rounds

- Series B, Apr 27, 2017, $506M — Temasek Holdings, Andreessen Horowitz, SoftBank Group, Horizons Ventures
- Series A, Mar 9, 2015, $22M — Andreessen Horowitz
- Seed, Dec 1, 2014 — Conversion Capital, LocalGlobe

## Investors

- Conversion Capital (https://capitalatlas.ai/funds/conversion-capital) — Seed
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series B
- Temasek Holdings — Series B
- SoftBank Group — Series B
- Horizons Ventures — Series B