Multiverse, an edtech unicorn currently focused on digital and AI upskilling, has secured $70m (£52m) in new funding to drive growth across Europe. Founded in 2016 by Euan Blair, son of former prime minister Tony Blair, and Sophie Adelman, Multiverse was launched to help school leavers find apprenticeships and other
Oscar Hornstein
Multiverse, an edtech unicorn currently focused on digital and AI upskilling, has secured $70m (£52m) in new funding to drive growth across Europe.
Founded in 2016 by Euan Blair, son of former prime minister Tony Blair, and Sophie Adelman, Multiverse was launched to help school leavers find apprenticeships and other alternatives to university.
In more recent years the company has moved away from apprenticeships and instead is primarily concerned with upskilling school leavers to have the tools to work with modern enterprise technologies, notably AI.
The company has secured the new funding to support its ambitions to expand across Europe. To that end, Multiverse acquired a Berlin-based data and AI training platform, StackFuel, in January.
The new funding brings the group’s valuation to $2.1bn, up $400m from its last funding round.
“There are companies who desperately need the benefits AI can bring. There are AI companies.What has been missing is the layer that bridges the two,” said Euan Blair.
“This investment marks the moment Multiverse defines that category, and takes it across Europe. Getting outcomes from AI and unlocking productivity is not just a technology problem. It is a people problem. We exist to solve it.”
As part of its move towards AI upskilling, Multiverse has become a major partner of the UK government, which has pledged to facilitate the AI training of 10 million UK workers.
“We want Britain to achieve the fastest rate of AI adoption of any country in the G7 – the productivity dividend we can get from AI will grow businesses of all shapes and sizes in the UK and ensure they stay competitive,” said Chancellor Rachel Reeves.
“Multiverse is a fantastic example of a British company helping turn that ambition into reality. This investment will support its expansion across Europe, strengthening a UK firm that is competing globally and equipping people with the skills to make AI work in practice.”
The new investment was led by Schroders Capital.
“The evolution of AI is creating transformative opportunities to drive productivity and growth across global economies,” said Michael Mclean, head of private equity technology investments.
“Multiverse is a leader in enabling this shift, helping organisations capitalise on these tailwinds. With growing momentum across Europe, Multiverse puts the focus on AI adoption, enabling employers to upskill their workforces and translate technology investment into tangible outcomes.”
