Improbable

Improbable is a venture builder that creates new ventures and invests in them, focusing on AI transformation, the metaverse and Web3. Its model combines capital with hands-on studio support to help founders build, grow and scale companies. Its ventures include metaverse experiences, Web3 projects and AI-driven platforms.

The company works with founders who are building new ventures and says it partners with them to create and grow businesses. Its website describes 17 ventures, including 7 exits, and a team of 60+ in its incubation studio. It earns its returns from its investments in these ventures, as described on the site.

The company was founded by Cambridge Computer Science students Herman Narula and Rob Whitehead, with an early investment of $20 million in 2015 and a $502 million funding round led by SoftBank in 2017, according to the website. Its move to a venture-building model began around 2022. The website lists open roles for Somnia (product engineer, product marketing manager for DEX, head of marketing) and a general application, all remote and international.

Product: Venture building: capital investment and hands-on studio support for new ventures in AI, Web3 and the metaverse.