UK video game technology company Improbable has raised $150 million.
The company’s flagship project “M Squared” promises to connect different metaverse worlds via a blockchain, including communities in sports, music, fashion, and entertainment.
Improbable, founded in London in 2012 by Herman Narula and Rob Whitehead, works with partners including the US Department of Defense, the UK Ministry of Defence, and numerous video game studios.
The round was led by Andreessen Horowitz and SoftBank Vision Fund 2, with additional participation from Mirana, Digital Currency Group, CMT, SIG and Ethereal Ventures.
“We founded Improbable to make real the promise of incredible online worlds that were more than just games – they were extensions of our lives,” said Herman Narula, chief executive at Improbable.
“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 ground-breaking virtual experiences,” said Chris Dixon, general partner at Andreessen Horowitz.
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