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Multiverse Raises $220M To Expand Professional Apprenticeships, An Outstanding Alternative To College And Corporate Training

Jun 08, 2022•over 3 years ago

Amount Raised

$220 Million

Description

Multiverse has closed a $220 million Series D funding round at a post-money valuation of $1.7 billion, doubling its valuation from eight months ago. The latest round was co-led by StepStone Group, and returning investors Lightspeed Venture Partners and General Catalyst. The funding will be used to accelerate US expansion and broaden the range of learning programs, creating more routes to career progression for apprentices and helping organizations close digital skills gaps across their workforce.

Company Information

Company

Multiverse

About

Multiverse is a tech startup on a mission to create a diverse group of future leaders by building an outstanding alternative to university and corporate training. They offer apprenticeships to a diverse pool of young adults and those looking to reskill. Multiverse works with over 300 businesses, helping them embrace digital transformation, close skills gaps and develop a diverse talent pipeline. Apprentices benefit from one-to-one coaching, applied learning, and a community of social, networking and leadership opportunities. Founded in the UK in 2016, Multiverse launched in the US in January 2021. D1 Capital Partners and BOND join Multiverse's existing investors who include General Catalyst, GV (Google Ventures), Index Ventures, Lightspeed Venture Partners, Audacious Ventures, Latitude and SemperVirens. For more information, please visit www.multiverse.io

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech