Multiverse (company)

Multiverse Group Limited
TypePrivate
IndustryArtificial intelligence, educational technology
Founded2016
HeadquartersLondon, United Kingdom
Key people
Euan Blair
Number of employees
813 (January 2026)
Websitehttps://www.multiverse.io/

Multiverse is a British educational technology company founded in 2016 by Euan Blair and Sophie Adelman.[1] Based in London, United Kingdom, the company provides apprenticeship-based training and upskilling for early-career and experienced employees, primarily in technology and artificial intelligence roles.[2] Multiverse works with employers to assess skills gaps within their workforce and delivers training programmes aligned with organisational needs.[3]

History

Multiverse was founded in 2016 by friends Euan Blair and Sophie Adelman to provide a platform for companies to recruit school leavers through apprenticeships.[1] It was initially launched under the name WhiteHat, which was named after the hackers employed by companies to test their IT security.[1][4] The company rebranded to Multiverse in 2021.[1]

In 2018, the company announced it had raised £3 million ($4 million) of seed investment from Lightspeed Venture Partners.[5]

In 2021, Adelman stepped back from the company but retained a seat on its board and a shareholding.[6] In September of that year, Multiverse raised £97 million ($130 million) from multiple investors including D1 Capital Partners and BOND.[7]

In June 2022, Multiverse raised £163 million ($220 million) of investment which valued the company at £1.2 billion ($1.7 billion).[8] The company received investment from investors including Lightspeed Venture Partners, General Catalyst, StepStone Group and Founders Circle Capital.[8][9] The fundraise gave the company 'unicorn’ status.[10][11]

In 2022, the company reported a loss of £10.9 million to 31 March 2021 on revenues of £10.1 million.[12] In September 2022, the company was granted a license to award degrees with all learning taught through apprenticeships rather than through university.[13]

In 2023, it was reported that Multiverse received an investment by the Walton family.[14]

In April 2024, Multiverse acquired SearchLight, a US recruitment software company.[15] In the announcement, Blair said the acquisition will 'combine Multiverse's scale with Searchlight’s technology'.[16]

In March 2025, the company reported revenues of £58.4 million to March 2024, and losses of £60.6 million.[17]

In January 2026, Multiverse recorded a loss of £63.3 million on revenues of £79.6 million in the year to March 2025.[18]

In early 2026, Multiverse closed a $70 million funding round, increasing their valuation to $2.1 billion, driven by increased demand for AI training. The company achieved their first cash flow positive quarter in January to March 2026.[19][20]

Operations

As of January 2026, the company employed 813 people.[18] According to the company, it has worked with more than 1,500 companies and placed more than 22,000 people into apprenticeships.[21]

Board Members

In June 2022, Multiverse appointed Youngme Moon as a non-executive director.[11] In November 2024, the company appointed Martha Lane Fox as a non-executive director.[22]

Partnerships

Multiverse is partnered with Microsoft and Databricks.[23]

The company provides apprenticeship programmes to the AA, Capita, Addison Lee, Babcok, and Age UK.[24][25] In 2026, the UK Government announced that they would be partnering with Multiverse as part of its move towards AI upskilling.[26]

References

  1. 1 2 3 4 Walker, Esther (21 January 2021). "Euan Blair, the prime minister's son who got labour working". www.thetimes.com. Retrieved 3 June 2025.
  2. ↑ Symcox, Jonathan (15 May 2026). "Multiverse valued at almost £1.6bn by new funding". BusinessCloud. Retrieved 25 June 2026.
  3. ↑ Lagonsin, Joseph Gabriel. "Multiverse raises USD $70m to expand AI training in Europe". IT Brief UK. Retrieved 25 June 2026.
  4. ↑ Hunt, Simon (9 June 2022). "Blair's son on way to billionaire status as firm worth £1.35 billion". The Standard. Retrieved 3 June 2025.
  5. ↑ "WhiteHat announces Seed Funding Round". www.multiverse.io. 3 September 2018. Retrieved 3 June 2025.
  6. ↑ Tyler, Richard (13 July 2022). "Multiverse co-founder launches The Garden, a 'people's university'". www.thetimes.com. Retrieved 3 June 2025.
  7. ↑ Lunden, Ingrid (28 September 2021). "Multiverse, the tech-focused apprenticeship startup, nabs $130M at an $875M valuation". TechCrunch. Retrieved 3 June 2025.
  8. 1 2 Martin, Iain. "Apprenticeship Startup Multiverse Raises $220 Million To Solve Tech's Talent Shortage". Forbes. Retrieved 3 June 2025.
  9. ↑ Lunden, Ingrid (8 June 2022). "Multiverse nabs $220M at a $1.7B valuation to expand its tech apprenticeship platform". TechCrunch. Retrieved 3 June 2025.
  10. ↑ "Multiverse raises $220m and becomes Europe's latest edtech unicorn". Sifted. Retrieved 3 June 2025.
  11. 1 2 Thomas, Daniel (8 June 2022). "Euan Blair start-up valued at more than $1.7bn". Financial Times. Retrieved 3 June 2025.
  12. ↑ Prescott, Katie (8 June 2022). "Euan Blair's apprenticeship firm Multiverse valued at £1.4bn". www.thetimes.com. Retrieved 3 June 2025.
  13. ↑ Dugan, Emily (1 September 2022). "Euan Blair apprenticeship firm gets licence to award degrees". The Guardian. ISSN 0261-3077. Retrieved 3 June 2025.
  14. ↑ Field, Matthew (2 April 2023). "Tony Blair's son wins backing of America's richest family". The Telegraph. ISSN 0307-1235. Retrieved 3 June 2025.
  15. ↑ "Multiverse snaps up US-based AI software company Searchlight". City AM. 9 April 2024. Retrieved 3 June 2025.
  16. ↑ Lunden, Ingrid (8 April 2024). "Multiverse, the apprenticeship unicorn, acquires Searchlight to put a focus on AI". TechCrunch. Retrieved 3 June 2025.
  17. ↑ Hurley, James (28 March 2025). "Sales rise at Euan Blair's Multiverse but losses grow to £60m". www.thetimes.com. Retrieved 3 June 2025.
  18. 1 2 Hurley, James (5 January 2026). "Euan Blair's Multiverse increases losses despite interest in AI training". www.thetimes.com. Retrieved 5 January 2026.
  19. ↑ Prabhu, Abhinaya (15 May 2026). "Euan Blair's Multiverse raises $70M at $2.1B valuation to become Europe's AI adoption platform — TFN". Tech Funding News. Retrieved 3 July 2026.
  20. ↑ "Euan Blair's Multiverse hits $2.1bn valuation in AI workforce training push". www.ft.com. Archived from the original on 16 May 2026. Retrieved 3 July 2026.
  21. ↑ "Multiverse apprenticeships". www.multiverse.io. Retrieved 3 June 2025.
  22. ↑ "Multiverse Strengthens Leadership Team with Baroness Lane Fox and New CFO Jillian Gillespie". EdTech Innovation Hub. Retrieved 3 June 2025.
  23. ↑ Chowdhry, Amit (15 May 2026). "Multiverse: $70 Million Raised At $2.1 Billion Valuation To Expand AI Upskilling Platform Across Europe". Pulse 2.0. Retrieved 10 July 2026.
  24. ↑ Symcox, Jonathan (15 May 2026). "Multiverse valued at almost £1.6bn by new funding". BusinessCloud. Retrieved 10 July 2026.
  25. ↑ "Age UK uses government levy to train 60 employees on AI". www.civilsociety.co.uk. Retrieved 10 July 2026.
  26. ↑ "Free AI training for all, as government and industry programme expands to provide 10 million workers with key AI skills by 2030". GOV.UK. Retrieved 10 July 2026.
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