Andreessen Horowitz and SoftBank Vision Fund 2 led a $150m funding round in Improbable.

Andreessen Horowitz, a venture capital firm, and SoftBank Vision Fund 2, a fund with a goal to invest in AI-based technology, led a $150m funding round in Improbable, a UK-based metaverse technology company, with participation from Mirana, DCG, CMT, SIG and Ethereal Ventures. “ I believe the metaverse and Web3 movement, though very early, represent a once-in-a-generation redefinition of our society towards a ‘fulfilment economy’ where experiences made by an open network of creators and businesses can create enormous opportunity for everyone. M² is our contribution to establishing this future and we hope to help our partners catalyse an open metaverse with many participants and success stories. We are excited to be actively working with some of the best investors in the space in building out this new ecosystem," Herman Narula, Improbable CEO.