
Schroders Capital
Schroders' private-markets alternatives arm; led Multiverse's $70m Series E in May 2026.
Last refreshed: 23 July 2026 · Appears in 1 active topic
Why did Schroders Capital lead Multiverse's round as the government launched its workforce AI unit?
Timeline for Schroders Capital
Co-invested in StirlingX's Series A
UK Startups and Innovation: StirlingX raises GBP15m for defence dataLed Multiverse $70m Series E
UK Startups and Innovation: Multiverse hits $2.1bn on first cash quarterBackground
Schroders Capital is the private-markets and alternatives division of Schroders plc, one of the UK's largest listed asset managers with approximately £750bn in assets under management. Schroders Capital covers private equity, private credit, real estate, infrastructure and natural capital, managing over £60bn in alternative assets. It operates globally with significant European exposure and is increasingly active in growth-stage technology investment.
On 15 May 2026, Schroders Capital led a $70m Series E round in Multiverse at a $2.1bn valuation . Multiverse, the workforce upskilling platform founded by Euan Blair, reported revenue up 50% year-on-year and Q1 2026 as its first cash-positive quarter, providing the commercial fundamentals for an alternatives manager to lead rather than follow. The timing was three days before DSIT announced a cross-government AI and Future of Work Unit with a target to upskill 10 million people by 2030.
Schroders Capital's decision to lead a UK edtech round at Series E reflects a broader shift among European alternatives managers into late-stage growth equity, competing in a space that US VCs have traditionally dominated. For Multiverse, having a large UK institutional investor lead the round rather than a Silicon Valley firm provides balance-sheet credibility and a different kind of patient capital, oriented toward profitability rather than hyperscale. The round also cements Schroders Capital's position as an active participant in the UK AI workforce economy at a moment of sustained government attention.