Multiverse

Multiverse closed a $70m Series E on 15 May 2026 at a $2.1bn valuation, led by Schroders Capital, with revenue up 50% year-on-year and Q1 2026 as its first cash-positive quarter . The round came three days before the government announced the AI and Future of Work Unit, providing a commercially validated benchmark for the state's 10 million upskilling target: if Multiverse can grow AI skills delivery at 50% per year, the question is what the unit adds beyond convening power and SME subsidy .

Multiverse is an AI-powered professional development and apprenticeship platform founded in 2016 by Euan Blair and Sophie Adelman. The company partners with employers including Google, Microsoft, Morgan Stanley, KPMG, and the NHS to deliver AI-integrated degree apprenticeships and professional development programmes, replacing traditional university routes to professional skills with work-based learning. It operates in the UK, US and Europe. Multiverse's model differs from conventional EdTech: rather than selling directly to learners, it sells workforce transformation contracts to large employers, with revenue driven by learner volume and completion rates. This B2B employer model insulates it from the learner-acquisition costs that have killed many direct-to-consumer upskilling platforms.

The Series E at $2.1bn marks Multiverse's transition from a growth-at-all-costs phase to a cash-generating business. First cash-positivity at Q1 2026 is a significant inflection: it means the company can now fund growth from operations rather than solely from equity raises, reducing its dependency on continued venture rounds in a market where late-stage tech valuations have compressed. The Schroders Capital lead is notable: Schroders is a FTSE-listed asset manager with £790bn in AUM, not a traditional VC, reflecting the growing role of institutional asset managers in growth-stage UK tech in the Mansion House Accord era.