BEAMSTART Logo

UK unicorn Improbable finally makes profit after pivot to venture building

The Next Web LogoThe Next Web12h ago

UK unicorn Improbable finally makes profit after pivot to venture building - The Next Web

Quick Summary:

"Venture building has proven to be the optimal model for both Improbable and the metaverse, as experimenting with various use cases is key to achieving adoption,” said Herman Narula, Improbable’s founder and CEO.

After 12 years in business and several strategic pivots, British unicorn Improbable has achieved profitability for the first time.

After numerous attempts to create virtual worlds, the company has reinvented itself as a venture builder.


More Pictures

UK unicorn Improbable finally makes profit after pivot to venture building - The Next Web (Picture 1)

or

Article Details

Author / Journalist: Thomas Macaulay

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 14:25:26 (12 hours ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 529 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Next Web

News ID: 21763251

View Article Analysis

About The Next Web

The Next Web Logo

Main Topics: Technology

Official Website: thenextweb.com

Update Frequency: 4 posts per day

Year Established: 2006

Headquarters: Netherlands

News Last Updated: 14 hours ago

Coverage Areas: Netherlands

Ownership: Independent Company

Publication Timezone: GMT +1:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #13

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "UK unicorn Improbable finally makes profit after pivot to venture building" has 529 words across 32 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "UK unicorn Improbable finally makes profit after pivot to venture building" was covered 12 hours ago by The Next Web, a news publisher based in Netherlands.

How trustworthy is 'The Next Web' news outlet?

The Next Web is a fully independent (privately-owned) news outlet established in 2006 that covers mostly technology news.

The outlet is headquartered in Netherlands and publishes an average of 4 news stories per day.

It's most recent story was published 14 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #21763251
  • URL: https://beamstart.com/news/uk-unicorn-improbable-finally-makes-17218375579562

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.