London-based startup Multiverse, the AI and tech upskilling platform founded by Euan Blair, has raised $70 million at a $2.1 billion valuation, bringing total funding to around $570 million since its launch in 2016.
- Established in 2016, the company delivers apprenticeship-style training programmes in AI, data and digital skills for enterprise clients, working directly with employers to map workforce capability, identify skills gaps and design structured learning pathways.
- Its model combines workplace-based training with coaching and an AI-enabled platform that tracks learner progress and adjusts content to individual needs.
- Multiverse works with more than 1,500 organisations and has about 22,000 learners enrolled across its programmes, which typically run for around 13 months.
- The business is positioned around helping companies manage AI adoption by reskilling existing employees rather than replacing roles, with training focused on areas such as automation, AI productivity tools and data analysis.
- The company says it has delivered more than £2 billion in tracked return on investment for customers through productivity and efficiency gains. Its client base includes Microsoft, Mars and John Lewis Partnership.
Details of the deal
- The latest funding round was led by Schroders Capital, with participation from existing investors including General Catalyst, Lightspeed Venture Partners, Index Ventures, BOND, StepStone Group and D1 Capital Partners.
"High-quality businesses with the potential for transformative, sustainable growth and value creation are key fundamentals we look for. We're therefore delighted to have led this significant fundraise as Multiverse further accelerates its growth journey," claims Michael Mclean, Head of Private Equity Technology Investments at Schroders Capital.
- The fresh capital will support expansion across Europe and further development of its enterprise training platform as demand for AI-related skills grows among large organisations.
