Multiverse company profile: valuation, funding & revenue

This Multiverse company profile covers the company's valuation, revenue, funding rounds, investors and history. Multiverse works in education technology, with a focus on apprenticeships and workforce training. It was founded in 2016 and is headquartered in London, England, United Kingdom. Its latest valuation on record is About US$2.1 billion (reported) (April 2026). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

Funding history

Multiverse timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2016 — Multiverse is founded in London by Euan Blair (CEO) and Sophie Adelman.
• Jun 2022 — Series D: US$220M, valuing the company at US$1.7B post-money. Investors: StepStone Group, Lightspeed Venture Partners and General Catalyst (co-leads).
• Apr 2026 — Strategic funding: US$70M, valuing the company at About US$2.1B (reported). Investors: Schroders Capital (lead); StepStone, Lightspeed, General Catalyst.
• June 2022 — Total funding: More than US$400 million after the Series D.

Investors

Overview

Multiverse provides apprenticeship and workforce training programmes that combine paid work with structured learning, mostly in technology and data skills. Apprentices are employed by companies while completing programmes typically lasting 12 to 15 months, with coaching and learning provided by Multiverse; existing employees can also upskill through its programmes. In the UK, companies can fund apprenticeships through the apprenticeship levy, a tax on large employers. Multiverse positions apprenticeships as an alternative to university degrees and traditional corporate training. In June 2022 it raised US$220 million at a US$1.7 billion valuation, becoming the UK's first edtech unicorn.

Euan Blair, the CEO, founded Multiverse in 2016 with Sophie Adelman. Blair, the son of former UK Prime Minister Tony Blair, previously worked in investment banking and has said he wanted to create high-quality alternatives to university for people who might not choose or be able to attend. Adelman helped build the company in its early years.

Products

• Apprenticeships for new hires: programmes that train new employees in roles such as software engineering and data analysis.
• Upskilling programmes: training for existing employees in data, AI, digital and leadership skills.
• Coaching: personal coaches who support learners through their programmes.
• Learning platform: online courses, projects and assessments.
• AI tools: AI features to support learners and coaches.

Funding

Multiverse raised early funding from investors including Index Ventures and GV. In June 2022 it raised a US$220 million Series D co-led by StepStone Group and returning investors Lightspeed Venture Partners and General Catalyst, at a US$1.7 billion post-money valuation, doubling its valuation from eight months earlier and bringing total funding to more than US$400 million. The company said it would use the funds to accelerate US expansion and widen its programmes. We haven't found a newer priced round, so the 2022 valuation should be treated as historical.

Business model

In the UK, Multiverse earns most of its revenue from employers using their apprenticeship levy funds to pay for training, which means programmes often have little additional cost to employers. In the US, where there is no equivalent levy, employers pay directly. Multiverse partners with large companies across sectors, which place apprentices and existing employees on its programmes.

Competition

Multiverse competes with other apprenticeship providers, universities offering degree apprenticeships, coding bootcamps, corporate learning providers and in-house training programmes. In the US it competes with workforce training providers and companies such as Guild. Its strengths are strong employer relationships, a brand among young people and a focus on technology skills.

Multiverse at a glance

Multiverse is a London apprenticeship and workforce training company founded in 2016 by Euan Blair and Sophie Adelman. It combines paid work with structured learning in technology and data skills, funded in the UK largely through the apprenticeship levy. It raised a US$220 million Series D in June 2022 at a US$1.7 billion valuation.

Timeline

• 2016: founded in London.
• 2020: expands to the US.
• 2021: raises a Series C at about US$880 million.
• June 2022: raises US$220 million at US$1.7 billion, becoming the UK's first edtech unicorn.
• 2023–2026: focuses on AI and data upskilling programmes.

How the UK apprenticeship levy works

Since 2017, UK employers with annual pay bills above £3 million have paid an apprenticeship levy of 0.5% of their pay bill. They can use these funds to pay for approved apprenticeship training; unused funds expire. This creates a strong incentive for large employers to use apprenticeships, and providers like Multiverse help them do so. Government changes to the levy, such as reforms to create a broader growth and skills levy, can affect demand for providers' programmes.

Who funds Multiverse

Multiverse's investors include StepStone Group, Lightspeed Venture Partners and General Catalyst, which co-led its Series D, along with Index Ventures and GV.

Who uses Multiverse

Multiverse's customers include large employers in banking, retail, technology, government and other sectors, and its learners include school leavers, graduates and existing employees.

Valuation context

Multiverse's 2022 valuation was set at the edtech peak. Our guide to edtech unicorns compares it with peers.

Risks

• Policy dependence: UK levy rules strongly affect demand.
• US expansion: without a levy, US growth depends on employer budgets.
• Outcomes: programmes must show results for learners and employers.
• Stale valuation: the last mark is from 2022.

Questions for employers

• Which programmes can be funded through the levy?
• What completion and retention rates do apprentices achieve?
• How much time do apprentices spend on learning versus work?

How a Multiverse apprenticeship works

A school leaver who doesn't want to go to university might apply for a data analyst apprenticeship at a bank through Multiverse. If hired, they become a full-time employee on a salary, spend most of their time working on real projects and dedicate part of their working hours to learning through Multiverse's online modules, workshops and coaching. Over about a year, they build skills in tools such as SQL, Python and data visualisation, completing assessments to earn a recognised apprenticeship qualification. The employer gains a trained employee and can use its levy funds to cover training costs. Existing employees can follow similar programmes to retrain, for example, from operations roles into data or AI roles.

Why apprenticeships appeal to employers

Many employers struggle to hire people with data and technology skills, and university graduates often need significant training anyway. Apprenticeships let employers recruit from a wider pool, including people without degrees, and train them in exactly the skills they need. Apprentices often stay longer with the employer that trained them. Diversity is another motivation: apprenticeships can open careers to people from backgrounds under-represented at top universities. For employers already paying the UK levy, using it on high-quality programmes is a way to recover value from a tax they would otherwise lose.

For learners, the main attractions are earning a salary while training, avoiding student debt and gaining practical experience from day one.

Latest developments (October 2026)

Multiverse raised US$70 million of strategic funding in April 2026, led by Schroders Capital with StepStone, Lightspeed and General Catalyst, at a valuation of about US$2.1 billion (reported as almost £1.6 billion), according to a summary on Wikipedia citing BusinessCloud. Multiverse has become England's largest apprenticeship provider by revenue as it focuses on AI and data skills training for employers. This supersedes the 2022 valuation described earlier on this page.

What to watch

Watch UK skills policy changes, US growth, AI upskilling demand and any new funding.

Takeaways

Employers can build skills through apprenticeships. Learners can earn while they learn. Investors should watch policy changes affecting the levy.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. Wikipedia (citing BusinessCloud)
2. Index Ventures
3. TechCrunch