Multiverse raises €60 million at €1.8 billion

Multiverse said on May 15 it raised $70 million in primary funding in a round that valued the London-based workforce training company at $2.1 billion. Schroders Capital led the investment, with existing backers General Catalyst, Lightspeed Venture Partners, D1 Capital Partners, Index Ventures, Bond and StepStone Group also participating. The company said the money will be used to expand across Europe and build out its pitch as an “AI adoption” platform for employers. The announcement adds fresh capital to a business that started in apprenticeships and is now selling AI, data and digital-skills training to large companies. ### Who put up the money, and what valuation did investors accept? Schroders Capital was the lead investor in the round, according to Multiverse and reports by EU-Startups and Tech.eu. Existing investors General Catalyst, Lightspeed Venture Partners, D1 Capital Partners, Index Ventures, Bond and StepStone Group also joined the financing. Multiverse said the round was primary funding, meaning new money went into the company rather than only changing hands between shareholders. (multiverse.io) The $2.1 billion valuation was described by Multiverse as a $400 million increase from its last funding round in 2022. EU-Startups expressed the same deal in euros, reporting €60 million raised at a €1.8 billion valuation, which aligns with the company’s dollar figures. Tech.eu said the financing brings Multiverse’s total capital raised to about $570 million since it was founded in 2016. (multiverse.io) ### What business is Multiverse selling now? Multiverse’s website says it sells an upskilling platform for AI and tech adoption, aimed at helping employers identify skills gaps, train workers and measure business outcomes. The company says it works with more than 1,500 employers and has more than 22,000 learners across its AI, data and technology programs. Its customer list in the funding announcement included Babcock, The AA, Capita and Addison Lee. (multiverse.io) Euan Blair, Multiverse’s founder and chief executive, said the company sees itself as a bridge between businesses that want AI benefits and technology providers building AI tools. “Getting outcomes from AI and unlocking productivity is not just a technology problem. It is a people problem,” Blair said in the company announcement and in comments carried by EU-Startups and Tech.eu. (multiverse.io) ### What numbers did Multiverse disclose about growth? Multiverse said revenue grew 50% year over year and accelerated for a third straight year. The company also said it recorded its first cash-positive quarter from January to March 2026. Those figures were disclosed in the company’s funding announcement and repeated in follow-on coverage. (multiverse.io) Tech.eu reported that, in the year ending 2025, Multiverse posted losses of £63.3 million, up from £60.3 million a year earlier, while staff numbers fell from 822 to 813. The company did not include those figures in its own announcement, but it did say the latest round comes amid accelerating growth and strategic acquisitions. (multiverse.io) ### Why is Germany part of this expansion plan? January 2026 was the date Multiverse said it completed its acquisition of Berlin-based data and AI training company StackFuel. The deal gave the company a foothold in Germany as it looks beyond its home UK market. Tech.eu said the new funding would support broader European expansion tied to AI training services and enterprise adoption of AI. (tech.eu) The company also said the last year included strategic partnerships with Microsoft, Palantir and Databricks. Those alliances, cited by Multiverse and EU-Startups, are part of its effort to position itself with employers buying software but needing staff training to use it. ### What did Multiverse and British officials say comes next? (multiverse.io) Rachel Reeves, Britain’s chancellor of the exchequer, said the investment would support Multiverse’s expansion across Europe and help equip workers with practical AI skills. Multiverse said separately that all employees, regardless of seniority, were offered equity as part of the funding round. (multiverse.io) Multiverse said the next step is European growth built around AI and tech-adoption training. The company enters that push after closing the StackFuel deal in January 2026, reporting a cash-positive quarter for the first time in the first three months of 2026, and adding fresh capital on May 15 from Schroders Capital and its existing investors. (multiverse.io)