May

SoftBank Leads $502 Million Investment in U.K. Tech Startup

Improbable Worlds’ software creates virtual reality simulation
Funding values London company at more than $1 billion

SoftBank Group Corp. is leading a $502 million investment in Improbable Worlds Ltd., a London-based virtual reality startup, in one of the U.K.’s largest venture capital deals.

The valuation wasn’t disclosed. But SoftBank is buying a non-controlling stake, which would mean Improbable is worth at least $1.04 billion. The deal would rank as the fifth-largest U.K. venture investment in the past decade, according to data compiled by Bloomberg…

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SoftBank Leads $502 Million Investment in U.K. Tech Startup

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