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October 3, 2022

Improbable says it can achieve profitability in 2022 after confirming new $3bn+ valuation

The company lost more than £150m last year


Tim Smith

2 min read

Screenshot from Improbable's metaverse experience

London-based metaverse platform Improbable has raised a new $100m investment round, led by UK blockchain company Elrond, at a valuation of more than $3bn, and says it’s aiming for profitability by the end of this year. 

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Herman Narula, CEO of improbable, on the TED stage
Improbable raised £500m from Softbank in 2017, at the time the biggest-ever investment in a UK tech company.
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Tim Smith

Tim Smith was news editor at Sifted. He covered deeptech and AI, and produced Startup Europe — The Sifted Podcast . Follow him on X and LinkedIn

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