Multiverse Raises $220M in Series D Funding; Valued at $1.7 Billion

Multiverse, a London, UK-based apprenticeship company, closed a $220m Series D funding round at a post-money valuation of $1.7 billion.

The round, which brought total funding to over $400m, was co-led by StepStone Group, and returning investors Lightspeed Venture Partners and General Catalyst, with participation from Founders Circle Capital and existing investors Audacious Ventures, BOND, D1 Capital Partners, GV and Index Ventures.

The company intends to use the funding to accelerate US expansion and broaden the range of learning programs, creating more routes to career progression for apprentices and helping organizations close digital skills gaps across their workforce.

Led by Euan Blair, CEO and founder, and Jeremy Duggan, President, Multiverse offers apprenticeships to a diverse pool of young adults and those looking to reskill. The company’s apprenticeships offer tuition-free, paid programs in areas including Software Engineering, Digital Marketing and Data Analytics that typically last 12-15 months. The company works with over 500 businesses, including Cisco, Verizon, Visa and Box in the US.

Youngme Moon, Donald K David Professor of Business Administration at Harvard Business School, will join Multiverse’s Board of Directors. Professor Moon brings decades of experience to her role at Multiverse, and serves on the boards of businesses including Mastercard, Unilever, Warby Parker and Sweetgreen.

Founded in the UK in 2016, Multiverse launched in the US in January 2021.