Multiverse raises $70M at $2.1B valuation to build Europe's AI adoption layer
Multiverse , the London-based upskilling platform founded by Euan Blair , has raised $70 million in primary funding at a $2.1 billion valuation — a $400 million bump from its 2022 Series D. Schroders Capital led the round, with General Catalyst, Lightspeed Venture Partners, D1 Capital Partners, Index Ventures, Bond, and StepStone Group participating.
The company, which trains workers in AI, data, and digital skills, will use the capital to expand across Europe. In January, it acquired Berlin-based AI training firm StackFuel . All employees have been offered equity as part of the raise.
Multiverse posted 50% year-on-year revenue growth for the third consecutive year and reported its first cash-positive quarter from January to March 2026. Turnover hit £79.6 million in the year ending March 2025, up from £58.4 million a year prior — though losses widened slightly to £62.4 million.
Corporate AI spend has doubled since last year, according to BCG's 2026 AI Radar. Yet productivity gains remain elusive. Multiverse is positioning itself as the "AI adoption layer" — the bridge between companies buying AI tools and workforces that need to use them. Strategic partnerships with Microsoft, Palantir, and Databricks signal enterprise buy-in.
The UK government has backed the thesis. Chancellor Rachel Reeves said Britain aims for the fastest AI adoption rate in the G7 and called Multiverse "a fantastic example of a British company helping turn that ambition into reality."
Multiverse still loses money. Annual losses widened to £62.4 million despite revenue growth. Blair called profitability a "near-term" focus but said it "cannot come at the expense of growth."
Completion rates are a concern. Department for Education figures show Multiverse's programme completion rate was 52.6% in 2024/25, below the sector average of 65.4%. Blair attributed this to its focus on frontline workers — nurses, warehouse staff — rather than executives.
The round reflects a broader bet that AI's value depends on people, not just technology. While companies like Klarna freeze hiring on the promise AI can replace headcount, Multiverse sells the opposite: that AI deployments succeed only when workforces are trained to operate them.
With £2 billion in verified ROI for over 1,000 employers and Atlas — its AI coaching platform — tripling daily active users, the company has traction. But it enters a competitive market alongside Coursera for Business, Guild Education, and Degreed, all vying for the same corporate learning budgets.
Sources: Financial Times
The Next Web
TechFundingNews
UKTN
EU-Startups
Resilience Media
Multiverse blog
Euan Blair (LinkedIn)
