Improbable secures £115.1m Series C funding to build out its M² metaverse network
The financing round was supported by investors including Andreessen Horowitz and SoftBank to develop interoperable Web3 virtual spaces.
Improbable is a UK metaverse technology company that provides multiplayer services and simulation platforms for global publishers and the defense sector. The company has developed core infrastructure to support complex virtual worlds and large scale events.
Improbable has raised £115.1m in a Series C funding round to establish and develop M², an interoperable network of Web3 metaverses powered by its Morpheus technology. The round included participation from prominent backers such as Andreessen Horowitz and SoftBank, alongside a broad consortium of venture firms and strategic investors. The newly secured capital will support the creation of the M² network, which combines the company's simulation technology with tools for digital asset commerce and decentralized governance. This initiative aims to connect brands, creators, and communities across sports, fashion, and entertainment within immersive virtual environments.
From the founder
"We founded Improbable to make real the promise of incredible online worlds that were more than just games – they were extensions of our lives. I believe the metaverse and Web3 movement, though very early, represent a once-in-a-generation redefinition of our society towards a ‘fulfilment economy’ where experiences made by an open network of creators and businesses can create enormous opportunity for everyone. M² is our contribution to establishing this future and we hope to help our partners catalyse an open metaverse with many participants and success stories. We are excited to be actively working with some of the best investors in the space in building out this new ecosystem."
Herman Narula
CEO at Improbable
Investor perspective
"Giving people the tools to design their own metaverses at the scale that Improbable enables, with web3 interoperability and composability to expand on each other’s creations, will result in some truly groundbreaking virtual experiences,"
Chris Dixon
general partner, Andreessen Horowitz
Use of funds
- 01Continue product development
- 02Fund research and development
Investors
Chris Dixon
Andreessen Horowitz
Antoine Theysset
SoftBank
Chris Kurdziel
Mirana Ventures
Matt Beck
Digital Currency Group
Charlie Sandor
CMT Digital
Sachin Jaitly
Morgan Creek Capital
Min Teo
Ethereal Ventures
AllianceDAO
Tatiana Metodieva
Nexo
Saranac Partners
Round13 DAF
Zinal Growth
About the company
Improbable
Improbable builds scalable metaverse technology and multiplayer networking infrastructure for virtual worlds.