Startup profile for Improbable: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.

Startup profile · funding coverage

Improbable funding, valuation and investors

Distributed simulation and metaverse infrastructure — Morpheus tech powering M² Web3 worlds.

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Series D

$150M · 2022

Latest known valuation

Not publicly disclosed

Total disclosed equity funding

$150M

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

private

growth · London, United Kingdom

Investors in latest funding

Lead: Andreessen Horowitz

Other: Digital Currency Group

Sources: latest funding Last verified: 2026-07-25

Overview

Improbable builds distributed simulation infrastructure — its Morpheus technology powers M², an interoperable network for Web3 metaverse worlds.

Why Improbable is interesting

a16z backed since $20M Series A (2015); pivoted from gaming sims to interoperable metaverse layer.

Product & use cases

Improbable builds distributed simulation infrastructure — Morpheus technology powers M², an interoperable network for Web3 metaverse worlds.

  • Large-scale multiplayer simulation
  • Interoperable Web3 virtual worlds via M² network
  • Distributed computing for gaming and metaverse

Key facts

  • Series D (2022): $150M co-led by a16z and SoftBank for M² metaverse network; DCG participated — Businesswire
  • Pivoted from gaming simulation to interoperable Web3 metaverse infrastructure

Funding history (newest first)

Investors in our directory

Funds linked from Improbable's profile — open a fund page for stage focus and related deal articles.

Competitive landscape

Edge: Pivoted from gaming sims to metaverse infrastructure — $150M Series D co-led by a16z and SoftBank for M².

Metaverse hype cooled since 2022 funding. Improbable's pivot to M² Web3 worlds is unproven at scale — distributed simulation expertise is real but market timing uncertain.

  • Unity adjacent

    Game engine; Improbable simulation infrastructure layer.

  • Epic/Unreal adjacent

    Game engine and metaverse ambitions; different stack layer.

  • Roblox adjacent

    UGC gaming platform; Improbable B2B infrastructure.

Notable stories

  • Raised $150M Series D co-led by a16z and SoftBank for M² metaverse network (Businesswire, 2022).
  • Pivoted from SpatialOS gaming simulation to Web3 metaverse infrastructure.

Industries

Media & Entertainment Crypto & Web3

FAQs about Improbable

Practical answers founders, operators, and investors typically search for.

Distributed simulation infrastructure; Morpheus tech powers M² interoperable Web3 virtual worlds.
a16z (/fund/andreessen-horowitz) and Digital Currency Group (/fund/digital-currency-group) among backers. a16z co-led $150M Series D (2022).
Improbable's network for interoperable Web3 metaverse worlds.
Improbable's original distributed simulation platform for large-scale multiplayer games.
Series D — $150M in 2022.
Unity is game engine; Improbable simulation infrastructure for massive scale worlds.
London, United Kingdom.
No — remains private.

By Venture Capital Tracker

Last updated:

Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.