London‑based ed‑tech start‑up Multiverse announced a $70 million financing round that lifts its valuation to $2.1 billion, up from $1.7 billion in 2022. Backers include Schroders Capital, Index Ventures, General Catalyst, Lightspeed Venture Partners and D1 Capital. The cash will fund a European expansion and a strategic AI‑driven workforce training push in 2024, an area the founder sees as both a threat and an opportunity.

In January, Multiverse acquired German data‑AI trainer StackFuel, signaling a deeper commitment to the technology stack. Turnover rose to £79.6 million for the year to March 2025, but losses widened to £62.4 million. The CEO emphasized that reaching profitability is a near‑term priority after posting the firm’s first cash‑positive quarter in early 2026. The infusion also supports further AI curriculum development and hiring of data scientists.

Critics note a 52.6% completion rate in 2024/25, below the sector average of 65.4%. Blair says the model targets frontline roles—nurses, warehouse staff—rather than executive MBAs. Employees will receive equity, but the firm has no immediate IPO plans, stating it “should be public” only when overall growth and product investment are secured. The equity grant aims to align staff incentives with the long‑term growth trajectory.