Multiverse has closed a $130 million funding round to allow it to meet the 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 $194 million.
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 organisations 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 programmes significantly over the last year.”
‘Multiverse isn’t just growing fast, we’re delivering record-breaking impact at scale with the support of the world’s most trusted investors,’ said Jeremy Duggan, President and Board member at Multiverse. ‘Through the testing times of COVID our team has grown, developed and increased its impact multiple times. Our special mission ensures that we’re solving some of the most important issues facing society: bridging the opportunity gap and ensuring companies can access the most diverse, talented individuals to drive their growth.’
The additional funding will be used to drive growth in both North America and the UK, including by launching additional programs and qualifications. This year Multiverse launched an innovative program to enable apprentices to earn a Bachelor's Degree in Data Analytics and Data Science alongside their roles.