How Much Did Multiverse Raise? Funding & Key Investors

Multiverse has successfully raised funds through six different rounds, attracting a total of 22 investors, including notable names like Mike Hudack and General Catalyst. The platform focuses on upskilling teams and accelerating AI adoption, offering a range of solutions from AI and data to engineering and leadership.

Keep reading to explore the intricacies of Multiverse's fundraising journey and the investors backing this innovative platform.

What Is Multiverse?

Multiverse, based in London, England, is an upskilling platform specializing in AI and tech adoption. The company operates in various industries, including AI, career planning, corporate training, EdTech, and training. With a workforce of 501-1000 employees, Multiverse partners with companies to equip their teams with future-ready skills.

Founded by Euan Blair, Multiverse has raised funds through multiple rounds, attracting a total of 22 investors. The platform serves over 1,500 companies and 22,000 learners across the UK and US, focusing on closing skills gaps and driving business value through expert-guided, AI-powered coaching.

How Much Funding Has Multiverse Raised?

1. Seed Round
   • Amount Raised: USD 4,000,000
   • Date: September 2018
   • Lead Investors: Lightspeed Venture Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the platform and develop initial offerings in apprenticeship training.
2. Series A
   • Amount Raised: USD 16,000,000
   • Date: July 2019
   • Lead Investors: Index Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the platform's reach and enhance its apprenticeship programs.
3. Series B
   • Amount Raised: USD 44,000,000
   • Date: January 2021
   • Lead Investors: General Catalyst
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and increase the number of apprenticeships offered.
4. Series C
   • Amount Raised: USD 130,000,000
   • Date: September 2021
   • Lead Investors: Bond, D1 Capital Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further expand the platform and invest in technology enhancements.
5. Series D
   • Amount Raised: USD 220,000,000
   • Date: June 2022
   • Lead Investors: General Catalyst, Lightspeed Venture Partners, StepStone Group
   • Valuation at Round: USD 1.7 billion
   • Motivation Behind the Round: To accelerate US expansion and broaden the range of learning programs.
6. Series Unknown
   • Amount Raised: USD 4,973,949
   • Date: April 2024
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing growth and development initiatives.

Total Amount Raised: USD 418,973,949. Current Valuation: USD 1.7 billion.

Key Investors

• General Catalyst
  • Details: General Catalyst is a venture capital firm investing in long-term, positive change. They have a global presence with offices in San Francisco, Palo Alto, New York City, London, and Boston.
  • Investment Focus Areas: Technology, healthcare, consumer services.
  • Notable Investments: Airbnb, Stripe, Warby Parker.
• Lightspeed Venture Partners
  • Details: Lightspeed Venture Partners is a multi-stage venture capital firm with a global presence, including offices in Silicon Valley, Israel, India, China, Southeast Asia, and Europe. They manage assets worth $10.5 billion.
  • Investment Focus Areas: Enterprise, consumer, health sectors.
  • Notable Investments: Snap, Nest, GrubHub.
• StepStone Group
  • Details: StepStone Group is a global private markets investment firm managing $134 billion in assets. Their client base includes public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations, family offices, and private wealth clients.
  • Investment Focus Areas: Private equity, real estate, infrastructure, private debt.
  • Notable Investments: Diverse portfolio across technology, healthcare, consumer goods.
• Index Ventures
  • Details: Index Ventures is a venture capital firm investing in technology and life sciences companies. They have a strong track record of supporting innovative startups.
  • Investment Focus Areas: Technology, life sciences.
  • Notable Investments: Dropbox, Etsy, Skype.
• D1 Capital Partners
  • Details: D1 Capital Partners is a global investment firm that invests in both public and private markets. They focus on high-growth sectors and have a diverse investment portfolio.
  • Investment Focus Areas: Technology, healthcare, consumer sectors.
  • Notable Investments: SpaceX, Robinhood, Instacart.

What's Next for Multiverse?

Multiverse stands at the cusp of significant opportunities, particularly in the U.S. market. With a recent $220 million Series D funding round, the company is well-positioned to expand its apprenticeship programs and partner with major corporations like Cisco and Verizon. This expansion is not just about geographical reach but also about broadening the scope of learning programs to address the growing demand for digital skills.

Future fundraising opportunities seem promising, given the company's rapid growth and strong financial backing. Additional funding rounds or even an IPO could be on the horizon as Multiverse continues to scale its operations and enhance its technology. However, challenges such as competition from other EdTech startups and navigating regulatory environments could pose hurdles. Ensuring the quality and consistency of their programs will be crucial as they expand.

Use Clay to Get Funding Data

Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Multiverse and gather other critical business insights. Sign up for free and start making data-driven decisions today.