Improbable - About the company
Improbable is a series D company based in London (United Kingdom), founded in 2012 by Herman Narula, Rob Whitehead and Peter Lipka. It operates as a Developer of virtual world software and decentralized digital infrastructure platforms. Improbable has raised $937M in funding from investors like Andreessen Horowitz, SoftBank and Horizons Ventures, with a current valuation of $3.36B. The company has 187 active competitors, including 41 funded and 4 that have exited. Its top competitors include companies like Spatial, Hadean and Ctruh.
Sectors and market segments that Improbable operate in
Improbable serves in the High Tech, Gaming market segments.The primary business model of Improbable are:Company Details
Developer of virtual world software and decentralized digital infrastructure platforms. This business creates technology for building immersive environments, blockchain applications, and artificial intelligence systems. The software supports the creation of persistent digital spaces and automated enterprise workflows. These tools enable the development of interactive experiences and scalable network architectures for various digital applications.
- Website
- www.improbable.io/
- Social
- Email ID
- *****@improbable.io
- Registered Address
- 20 Farringdon Road, London, EC1M 3HE
Key Metrics
Founded Year
2012
Location
London, United Kingdom
Stage
Series D
Total Funding
$937M in 10 rounds
Latest Funding Round
Post Money Valuation
$3.36B as on Oct 03, 2022
Investors
Ranked
2nd among 187 active competitors
Annual Revenue
£1.22M as on May 31, 2019
Employee Count
157 as on Apr 30, 2026
Investment & Acquisitions
Legal entities associated with Improbable
Improbable is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Improbable Worlds Limited CIN: UK08070525 , United Kingdom, Active | May 15, 2012 | $1.58M (As on May 31, 2019) | 849 (As on Dec 31, 2021) | |
Improbable Worlds Ltd CIN: 1637536 , United States, Active | $5M - $25M (As on Mar 24, 2015) | - | - |
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Improbable's funding and investors
Improbable has raised a total funding of $937M over 10 rounds. Its latest funding round was a Series D round on Oct 03, 2022 for $111M. 1 investor participated in its latest round. Improbable has 29 institutional investors and 16 angel investors.
Here is the list of recent funding rounds of Improbable:
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Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 03, 2022 | $111M | Series D | $3.36B | - | - | |
Apr 08, 2022 | $150M | Series D | - | - | ||
Feb 04, 2020 | $12.2M | Series C | $1B | 350.3x | - | - |
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Improbable's founders and board of directors
Founder? Claim ProfileThe founders of Improbable are Herman Narula, Rob Whitehead and Peter Lipka. Herman Narula is the CEO of Improbable.
Here are the details of Improbable's key team members:
- Herman Narula: Co-Founder & CEO of Improbable and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address
- Rob Whitehead: Former Co-Founder of Improbable. They serve on the board of 1 company.Contact Info: 1 email address
- Peter Lipka: COO & ex-Co-Founder of Improbable and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 email address
Improbable's Board of Directors
Improbable's board has 5 active members. Herman Narula, Peter Lipka, Christopher John Dixon and Joseph Martin Robinson are part of team and Antoine Francois Theysset is independent board member.Here is the list of Improbable's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 13y 10m | |
Team | - | Current | 9y 0m | |
Team | - | Current | 11y 2m | |
Team | - | Current | 5y 0m | |
Team | - | Past | 1y 9m | |
Team | - | Past | 1y 1m | |
Independent board member | - | Current | 4y 6m | |
Independent board member | - | Past | 0y 1m | |
Independent board member | - | Past | 0y 7m |
View details of Improbable's Founder profiles and Board Members
Improbable's employee count trend
Improbable has 157 employees as of Apr 26. Here is Improbable's employee count trend over the years:
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Improbable's Competitors and alternates
Top competitors of Improbable include Spatial, Hadean and Ctruh. Here is the list of Top 10 competitors of Improbable, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Spatial 2016, New York City (United States), Series B | Developer of a platform for creating and sharing virtual experiences | $66.8M | 70/100 | |
2nd | Improbable 2012, London (United Kingdom), Series D | Developer of virtual world software and decentralized digital infrastructure platforms | $937M | 65/100 | |
3rd |  Hadean 2017, London (United Kingdom), Series A | Developer of AI-powered digital wargaming and command and control software | $65.9M | 62/100 | |
4th | Provider of a no-code content creation platform for the metaverse | $4.61M | 50/100 | ||
5th |  rct AI 2018, Burbank (United States), Series A | Developer of AI-enabled gaming engines | $14.2M | 50/100 | |
6th | GridRaster 2014, Mountain View (United States), Seed | Developer of a spatial intelligence platform for industrial and defense applications | $8.55M | 49/100 | |
7th |  Stardust 2018, Palo Alto (United States), Series A | Provider of a developer platform for blockchain gaming | $35M | 48/100 | |
8th |  Karmaverse 2021, Beijing (China), Series A | Developer of Pc and console-based NFT games | $8M | 47/100 | |
9th | SpAItial 2024, London (United Kingdom), Seed | AI powered developer of spatial foundation models for 3D world creation and understanding | $13M | 44/100 | |
10th | Magnopus 2013, Los Angeles (United States), Series A | Developer of a platform to create metaverse experiences | $6M | 44/100 |
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Improbable's Investments and acquisitions
Improbable has made 1 investment in Victory League and acquired Zeuz and Multiplayer Guys.Here is the list of these investments and acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Mar 27, 2024 | Investments | 2023 | London (United Kingdom) | |
Feb 05, 2020 | Acquisition | 2017 | Munich (Germany) | |
Sep 26, 2019 | Acquisition | 2018 | Nottingham (United Kingdom) |
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Blockchain firm Consensys hires former Disney exec Dan Odell as CFOFintechinshorts•Aug 16, 2024•Consensys, Improbable, The Walt Disney Company
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Web3 tech firm Improbable makes its first profit after metaverse pivotPocket Gamer•Aug 05, 2024•Improbable
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