Euan Blair's Multiverse has successfully raised £70 million in its latest funding round, achieving a valuation of $2.1 billion—a $400 million increase since its previous funding round in 2022. The new capital will support the company's expansion efforts across Europe, particularly in the enterprise AI training market.
Founded in 2016 by Blair, the son of former UK Prime Minister Tony Blair, Multiverse has drawn significant interest from investors, with the latest funding led by Schroders Capital. Existing backers, including General Catalyst, Lightspeed, D1 Capital Partners, Index Ventures, Bond, and StepStone Group, also participated in this round. To date, the firm has raised approximately $570 million in total.
Initially focused on digital apprenticeships in the UK, Multiverse is now shifting towards AI training services, capitalising on the increasing adoption of artificial intelligence technologies in enterprises. The company has already made progress by entering the German market, following its acquisition of Berlin-based StackFuel, a data and AI training company, earlier this year.
Blair highlighted the need to connect AI enterprises with the workforce, stating, "There are companies who desperately need the benefits AI can bring. There are AI companies. What has been missing is the layer that bridges the two." This investment marks a significant moment for Multiverse as it seeks to define its category and extend its reach throughout Europe.
Following this funding, Multiverse has also enhanced employee engagement by offering equity and long-term stakes in the company to all staff members, regardless of their seniority.
Despite reporting a widening loss from £60.3 million to £63.3 million year-on-year, Multiverse recently achieved a cash-positive quarter for the first time between January and March 2026. The company has also slightly reduced its workforce, from 822 to 813 employees, as part of ongoing efforts to streamline operations.
Chancellor of the Exchequer Rachel Reeves praised Multiverse, stating, "Multiverse is a fantastic example of a British company helping turn that ambition into reality." As the demand for AI-skilled professionals continues to rise, Multiverse's expansion strategy positions it well to address a critical need in the evolving job market, where integrating AI into business processes is becoming increasingly essential.
