London-based expertise 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 determination in 2023 to turn out to be what it calls a “enterprise 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.
“Now we have a transparent technique to turn out to be probably the most enticing companion for thrilling new corporations, entrepreneurs and buyers within the metaverse, web3 and AI sectors,” commented COO Peter Lipka.
“Our enterprise builder mannequin means we are able to uniquely present probably the most thrilling UK and European corporations with the instruments wanted to achieve success to ship the ecosystems of the long run. We’re already seeing the advantages of our technique, with 12 ventures in our portfolio presently, and our sturdy money place permits us to pursue additional progressive ventures.”
Yow will discover out extra about Unbelievable’s mannequin and Somnia from our interview with CEO Herman Narula.
