The Telegraph Tech 100 estimated Herman Narula's wealth at GBP 450m in 2020. It rests on his stake in Improbable, the London simulation software company he co-founded in 2012.
The first money was about $1m in a loan from the Narula family plus $1.2m from angel investors. Andreessen Horowitz led a $20m Series A in March 2015, and SoftBank led a $502m round in May 2017.
NetEase added $100m in 2018 at a valuation above $2bn. A 2022 round of about GBP 100m from Elrond valued Improbable above $3bn.
In 2023 Improbable sold its defence division and reported its first profitable year, GBP 11m on revenue of GBP 66m.