Unbelievable's $200 million warchest is supercharging enterprise builder mannequin

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 resolution in 2023 to develop into 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.

“We've got a transparent technique to develop into probably the most enticing associate for thrilling new corporations, entrepreneurs and buyers within the metaverse, web3 and AI sectors,” commented COO Peter Lipka.

“Our enterprise builder mannequin means we will 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 at the moment, and our sturdy money place allows us to pursue additional modern ventures.”

You'll find out extra about Unbelievable’s mannequin and Somnia from our interview with CEO Herman Narula.

Knowledge fiend Jon Jordan has been writing/talking concerning the video games business since 1999. He predicts blockchain is the following nice disruption. You may contact him at [email protected]

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