Elrond

Corporate

Elrond is a blockchain technology company.

Portfolio

companies

Improbable

Improbable builds large-scale simulation technology for virtual worlds and metaverse platforms.

Beniamin Mincu

Founder and Chief Executive

4 October 2022

$100M

Improbable is reportedly set to raise $100m from Elrond at a $3bn valuation.

The metaverse technology company is reportedly securing new capital from blockchain firm Elrond.

"We are now a financially sustainable business with a really interesting growth rate because we found product-market fit in a new sector,"

— Herman Narula, CEO