A $70 million bet on AI training just pushed Multiverse’s valuation past the $2 billion mark — and the numbers behind the raise suggest this is more than a routine fundraise. The Multiverse funding round, led by Schroders Capital, values the London-based EdTech company at $2.1 billion, up from $1.7 billion following its 2022 Series D. Since founder Euan Blair launched the company in 2016, Multiverse has now accumulated roughly $570 million in total capital.
Summary
Key takeaways
- Multiverse raised $70 million in a new funding round led by Schroders Capital, announced on May 15.
- The company is now valued at $2.1 billion, up from $1.7 billion in 2022.
- Total capital raised since founding in 2016 has reached approximately $570 million.
- Multiverse has posted 50% year-over-year revenue growth for three consecutive years.
- The company is pivoting toward AI training and plans to expand across Europe, with clients including Microsoft, Mars, and the John Lewis Partnership.
Multiverse secures $70 million funding led by Schroders Capital
Schroders Capital led the latest round, which was announced on May 15. The raise is notable not just for its size but for what it signals about investor appetite for workforce upskilling platforms at a moment when enterprise demand for AI competency is accelerating rapidly.
Funding round boosts total capital raised to $570 million since 2016
The trajectory tells its own story. Multiverse’s $130 million Series C in 2021 valued the business at $875 million. A $220 million Series D the following year pushed it past the billion-dollar mark at $1.7 billion. This latest round adds another layer, bringing cumulative fundraising to approximately $570 million and valuation to $2.1 billion — a roughly 24% jump in roughly three years.
Every Multiverse employee received equity as part of this funding round, a move that ties the broader team directly to the company’s next chapter.
Valuation surges to $2.1 billion amid strong revenue growth
Behind the valuation jump is genuine financial momentum. Multiverse has delivered 50% year-over-year revenue growth for three consecutive years — the kind of compounding performance that tends to attract institutional capital even in tighter funding environments.
50% year-over-year revenue growth for three consecutive years
Sustaining 50% annual growth over three years is rare in any sector. In EdTech, where many platforms struggled post-pandemic as corporate training budgets tightened, it stands out even more sharply. The consistency of that growth rate suggests demand isn’t softening — and that enterprise clients are renewing and expanding rather than churning.
Strategic shift from tech apprenticeships to AI training
Multiverse was not always an AI company. Understanding where it started makes the pivot more meaningful.
Company founded in 2016 with a focus on tech apprenticeships
Euan Blair founded Multiverse in 2016 on a straightforward but ambitious thesis: that apprenticeships could compete with four-year university degrees as a legitimate pathway into technology careers. The company built its early business by connecting employers with apprentices, expanding from London to the United States with a co-headquarters established in New York.
Pivot to AI training addressing growing enterprise demand
That original model has since evolved. Multiverse shifted its focus toward AI training as large enterprises began searching for scalable ways to upskill their workforces — not just in junior development roles, but across broader functions. The demand isn’t theoretical: clients like Microsoft, Mars, and the John Lewis Partnership represent the kind of global enterprise footprint that validates both the market and Multiverse’s positioning within it.
The strategic logic is clear. Apprenticeships served a specific hiring pipeline. AI training serves a much larger workforce transformation challenge — one that affects millions of employees already in post, not just those entering the job market. That’s a fundamentally larger addressable market, and it explains much of the valuation premium investors are now attaching to the business.
Expansion plans targeting European AI and tech training markets
With $70 million freshly raised, Multiverse is pointing its ambitions toward Europe. The company’s plans center on expanding AI and tech adoption training across the continent — building on an enterprise client base that already spans major global brands.
The European market represents a significant opportunity for AI workforce training. As businesses across the region accelerate digital transformation, demand for structured upskilling programs is growing faster than traditional educational institutions can respond. Multiverse’s model — built on enterprise partnerships rather than individual consumer subscriptions — positions it well to capture that institutional demand at scale.
Whether the company can replicate its growth trajectory in new European markets while simultaneously deepening its AI training capabilities will be the defining test of the next phase. The capital is in place. The financial fundamentals are strengthening. What remains is execution across a more fragmented and competitive landscape than Multiverse has navigated before.
FAQ
How much did Multiverse raise in its latest funding round?
Multiverse raised $70 million in a funding round led by Schroders Capital, announced on May 15.
What is Multiverse’s current valuation after the latest funding?
Multiverse is valued at $2.1 billion following the recent funding round, up from $1.7 billion after its 2022 Series D.
What strategic shift has Multiverse made in its business focus?
Multiverse has shifted its focus from tech apprenticeships toward AI training, responding to growing demand from large enterprises seeking to upskill their workforces across a broad range of functions.
What are Multiverse’s plans for geographic expansion?
Multiverse plans to expand AI and tech adoption training across Europe, building on an existing enterprise client base that includes Microsoft, Mars, and the John Lewis Partnership.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
