Euan Blair’s Multiverse boosts valuation with $70m fundraise

2026-05-15 · Source: Sifted · Field: Business & Management — Entrepreneurship & Start-ups, Corporate Strategy & Leadership · Depth: Fundamental Awareness, quick

Summary

Multiverse, a London-based edtech unicorn founded by Euan Blair, has secured $70 million in funding from Schroders Capital, Index Ventures, and General Catalyst. This marks its first fundraise since 2022, increasing its valuation from $1.7 billion to $2.1 billion, as reported by the Financial Times. Established in 2016, Multiverse initially focused on placing school leavers into apprenticeships but has since shifted to upskilling mid-career employees for corporate clients. The company achieved unicorn status four years ago with a $220 million raise, but has since experienced multiple rounds of layoffs, including significant cuts in the US after missing revenue targets and additional job reductions leading up to March 2025.

Key takeaway

For investors evaluating edtech companies, Multiverse's recent $70 million fundraise and increased valuation to $2.1 billion signal renewed investor confidence despite its history of layoffs and business model adjustments. Your due diligence should focus on the company's current revenue growth trajectory and the stability of its corporate upskilling model, especially given past challenges with missed targets and organizational structure. Consider the long-term viability of its pivot to mid-career employee training.

Key insights

Multiverse secured $70M in funding, boosting its valuation to $2.1B despite prior layoffs and a business model pivot.

Principles

• Organizational structure is critical for business stability.
• Self-inflicted wounds often cause business failure.

In practice

• Evaluate business structure early and often.
• Monitor revenue targets closely to prevent layoffs.

Topics

• Multiverse
• EdTech
• Venture Capital
• Corporate Upskilling
• Company Valuation

Best for: Investor, Entrepreneur, Executive

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Editorial summary, takeaway, and curation by AIssential. Original article published by Sifted.