Improbable has released its financial results for 2024, showing £10 million in revenue and a strong cash position of £163 million. The London-based technology company attributes these results to its shift in 2023 toward a venture builder model. Instead of working as a traditional developer or publisher, Improbable now invests in and helps grow startups from within a portfolio structure, providing resources and operational support.
The company states that this model allows multiple projects to progress simultaneously while benefitting from shared technology and expertise. Improbable believes this approach positions it well in industries that require rapid experimentation, particularly in gaming, virtual worlds, and connected online ecosystems.
Expansion into Gaming Tech, Metaverse, and Web3 Ventures
Since making the transition to a venture builder, Improbable has invested £17 million into 12 early-stage companies. These ventures range from gaming-focused infrastructure projects to experimental online platforms. Investments include MSquared, a gaming infrastructure initiative designed to support large-scale virtual environments; Jitter, a multiplayer streaming game; and Somnia, an EVM blockchain aimed at enabling new digital experiences.
Improbable plans to expand this portfolio even further, with new ventures expected to launch in 2026. The company says the venture builder setup allows it to move into emerging sectors quickly, particularly those centered around interactive online spaces and digital economies.
Improbable Positions Itself as a Partner for Future Digital Ecosystems
Chief Operating Officer Peter Lipka emphasized that the company aims to be a key partner for startups across the metaverse, web3 and AI sectors. Lipka stated that the model allows Improbable to provide companies with structured tools, funding, and industry connections, increasing their chances of long-term success. According to Lipka, the current portfolio demonstrates early momentum, and the company intends to leverage its large cash reserve to continue backing new projects across the UK and Europe.
Improbable believes that future digital ecosystems will be shaped by cross-platform, multiplayer, and interoperable technologies. By investing early in companies building within these segments, the company aims to secure a meaningful position in the evolution of online experiences.
Frequently Asked Questions (FAQs)
What is Improbable?
Improbable is a London-based technology company known for developing tools and infrastructure used in large-scale online games and virtual worlds.
What is a venture builder model?
A venture builder model refers to a company that creates, supports, and funds startups internally, offering shared resources and strategic oversight instead of acting as a traditional investor.
How much did Improbable earn in 2024?
Improbable reported £10 million in revenue for 2024.
How much cash does Improbable currently hold?
The company reports £163 million in cash reserves, which it plans to use to support and launch new ventures.
Which sectors does Improbable target with its investments?
Improbable focuses on startups operating in gaming, the metaverse, web3 and artificial intelligence.
What companies has Improbable funded so far?
Improbable has invested £17 million across 12 ventures, including MSquared, Jitter, and Somnia.
