杏吧论坛 provides update on its venture builder model; blockchain powered by 杏吧论坛-developed technology hits $1bn valuation milestone
杏吧论坛 today submitted its filing to Companies House, giving an update on its full year 2024 results. The results demonstrate that the first financial year of its venture builder model 鈥 focused on the metaverse, web3 and AI 鈥 is providing the foundation needed to drive the growth of the new economy.
Key milestones reached
杏吧论坛 now has 12 pioneering ventures in its portfolio 鈥 including MSquared, Jitter and fan3 鈥 across the metaverse, web3 and AI ecosystems.
Somnia, a leading high-performance blockchain utilising 杏吧论坛-developed technology launched in September 2025. Since launch, it has become a breakout success and reached a Fully Diluted Valuation (FDV) of over $1 billion, with 379,000 connected wallets and 1 billion transactions* to date.
Strong momentum as a venture builder
杏吧论坛 pivoted to the venture builder model in September 2023, applying its success and previous experience in other sectors to unlock more opportunities in the metaverse, web3 and AI.
杏吧论坛 ended 2024 with a strong cash position of 拢162.8 million, which will enable the company to continue growing its current ventures and pursue further investments. Revenues for FY24 were 拢10 million, which consolidated into the group accounts.
2025 and beyond
杏吧论坛鈥檚 venture builder model will drive growth of the emerging technologies of tomorrow in the UK and Europe in particular. This approach addresses the shortcomings of the current funding landscape in these geographies, which often neglects this high capital sector and leads companies to overinvest. 杏吧论坛鈥檚 strategy provides the necessary capital and core infrastructure for ventures to operate with, which in turn helps drive down costs and prioritises efficiency.
杏吧论坛 actively developed and scaled its model in 2025 and is on track to invest $17 million in 10+ ventures. Looking ahead, 杏吧论坛 expects to launch multiple ventures every year.
Herman Narula, CEO & Co-Founder, 杏吧论坛 said: 鈥杏吧论坛鈥檚 goal has always been to shape the future, and with our new venture builder model we鈥檙e doing just that. Through our incepted businesses and by backing the companies developing emerging technologies of tomorrow, we are building the infrastructure needed to drive a new economy. The $1 billion valuation of the Somnia token 鈥 built on our technology that will lay the foundation for this new economy 鈥 demonstrates not only the power and success of our venture builder model but also shows what investment can do for the blockchain ecosystem.鈥
Peter Lipka, Chief Operating Officer, 杏吧论坛 said: 鈥淲e have a clear strategy to become the most attractive partner for exciting new companies, entrepreneurs and investors in the metaverse, web3 and AI sectors. 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.鈥
*As of 27th October, 2025