$502m: Improbable UK ‘Unicorn’

Cambridge virtual reality start-up raises huge funding
Thursday 18 May 2017 Author: Steven Frazer

This is the amount of fresh growth funding secured by
Cambridge-based virtual reality start-up, Improbable. The firm’s technology is typically used in gaming design but founders Herman Narula and Rob Whitehead have much wider applications in mind in future.

The new cash comes from Japan’s Softbank, which is not taking a controlling interest (more than 50%). This implies the rest of the business is worth more than $502m, qualifying Improbable as a UK ‘Unicorn’ – a start-up innovation business worth in excess of $1bn. Softbank was behind the £24.3bn takeover of former FTSE 100 UK chip design champion ARM in 2016.

‹ Previous2017-05-18Next ›

Important information:

These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell Youinvest.

Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.

Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.

The Shares team

Advertising feature

Issue contents

The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.