Multiverse announces $130m Series C Funding round
Multiverse has closed a $130m funding round to allow it to meet demand for professional apprenticeships in America and the UK. The Series C round was led by D1 Capital Partners and BOND, and brings total funding for the tech startup to $194m.
The apprenticeship provider has experienced exponential growth since closing the UK’s largest ever EdTech funding round this past January, a $44 million Series B led by General Catalyst, which was used to expand into the US. Within six months of launch in the US, Multiverse has begun training professional apprentices with organizations including Google, ClassPass and Adyen. They join over 300 clients in the UK using Multiverse programs including Facebook, Morgan Stanley and the NHS.
Multiverse also opened a US Headquarters in New York City, allowing their growing team to meet and collaborate together for the first time since the pandemic began.
“We have spent the last few years building a truly outstanding alternative to university and to corporate training, and this latest funding round is recognition of how far this cause has come”, said Euan Blair, founder and CEO, Multiverse. “Professional apprenticeships are transforming the opportunities available to people in the UK and now in the US – we’ve seen a range of the world’s best employers grow their programs significantly over the last year.”
The company has seen its revenue grow nearly 4x over the last year and now trains over 5,000 tech, leadership and digital apprentices, more than the annual undergraduate intake of both Harvard College and Oxford University.