Improbable becomes the first European unicorn in virtual reality

Who I am
Alejandro Crespo Martínez
@alejandrocrespomartinez

Summary

  • "Improbable" becomes a unicorn
  • Improbable: a start-up little known to the general public

“Improbable” is a London-based start-up specializing in large-scale virtual reality simulation. The young British shoot, created in 2012, was only valued up to 100.000 euros two years ago. Its value has now been multiplied by ten without going through the stock market. Update on this unicorn.


"Improbable" becomes a unicorn

A unicorn is the name given to a company valued at over $ XNUMX billion without going through the stock market. Only 47 European start-ups can claim this honorary title. Most unicorns are companies in the field of new technologies and especially the Internet. Great Britain is the European leader in this area with 18 unicorns followed by Sweden (of which Spotify remains the most valued unicorn on the old continent). Only 3 unicorns exist in France.


Improbable therefore joins the very small circle of European unicorns and can be proud, in addition, of being the first start-up dedicated to virtual reality to reach this level of capitalization. This is thanks to a recent fundraising, and especially the entry of the Japanese investment fund "SoftBank" to its capital, which allowed "Improbable" to become a unicorn. The Japanese fund would thus, according to our colleagues from the newspaper "Fortune", invest $ 502 million in the start-up. However, the participation in the capital of "SoftBank" remains below 50%.

Improbable: a start-up little known to the general public

The "Improbable" business is undoubtedly unknown to you. However, the new virtual reality unicorn is a platform used by video game creators as well as local communities or the military to carry out large-scale virtual reality simulations.. The London start-up is working, for example, with the British Ministry of Health on a virtual reality simulation of the spread of a virus. The English Ministry of Energy has modeled its electricity network with the services of "Improbable" and the Ministry of Defense would also perform virtual reality simulations with the tools of the unicorn.



Despite the young age of its creators (less than thirty), “Improbable”, with its two hundred employees, gives confidence to investors who see great potential in it. However, the company wishes to remain independent, which explains why the capital of the Japanese fund is less than 50%. However, it remains to be seen if the start-up will not give in to the sirens of easy money with a takeover highly valued by a multinational like Google, Facebook or Microsoft.





add a comment of Improbable becomes the first European unicorn in virtual reality
Comment sent successfully! We will review it in the next few hours.