London-based know-how firm Unbelievable has introduced its monetary outcomes for 2024, with revenues of £10 million ($13 million) and £163 million ($213 million) in money.
The corporate says the information is a results of its resolution in 2023 to turn out to be what it calls a “venture builder”; that may be a firm which invests in and grows particular person startups inside a wider portfolio method.
To-date, Unbelievable has spent £17 million backing 12 corporations together with gaming infrastructure outfit MSquared, multiplayer streaming sport Jitter, and EVM blockchain Somnia.
It expects to spend money on and launch extra ventures throughout 2026.
“We have a clear strategy to become the most attractive partner for exciting new companies, entrepreneurs and investors in the metaverse, web3 and AI sectors,” commented COO Peter Lipka.
“Our venture builder model means we can uniquely provide the most exciting UK and European companies with the tools needed to be successful to deliver the ecosystems of the future. We are already seeing the benefits of our strategy, with 12 ventures in our portfolio currently, and our strong cash position enables us to pursue further innovative ventures.”
Yow will discover out extra about Unbelievable’s mannequin and Somnia from our interview with CEO Herman Narula.
