Multiverse is a British

educational technology Educational technology (commonly abbreviated as edutech, or edtech) is the combined use of computer hardware, software, and educational theory and practice to facilitate learning and teaching. When referred to with its abbreviation, "EdTech" ...

company founded in 2016 by

Euan Blair Euan Anthony Blair (born 19 January 1984) is a British businessman who is the co-founder and chief executive of the apprenticeships company Multiverse. He is the eldest son of the former British prime minister Tony Blair and lawyer Cherie Blair ...

and Sophie Adelman. Based in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...

, the company provides a platform for companies to recruit school leavers through

apprenticeships Apprenticeship is a system for training a potential new practitioners of a trade or profession with on-the-job training and often some accompanying study. Apprenticeships may also enable practitioners to gain a license to practice in a regulat ...

History

Multiverse was founded in 2016 by friends Euan Blair and Sophie Adelman under the name WhiteHat, which was named after the hackers employed by companies to test their IT security. The company rebranded to Multiverse in 2011. In 2018, the company announced it had raised £3 million ($4 million) of

seed investment Seed money, also known as seed funding or seed capital, is a form of securities offering in which an investor puts capital in a startup company in exchange for an equity stake or convertible note stake in the company. The term ''seed'' suggest ...

from

Lightspeed Venture Partners Lightspeed Venture Partners is a global venture capital firm focusing on seed stage, early stage investments and growth stage investments in the enterprise, fintech, consumer and healthcare sectors. Lightspeed has eleven offices globally and as o ...

. In 2021, Adelman stepped back from the company but retained a seat on its board and a shareholding. In September of that year, Multiverse raised £97 million ($130 million) from multiple investors including

D1 Capital Partners D1 Capital Partners is an American investment firm based in New York City. The firm invests in public and private markets globally. History and background D1 Capital Partners was founded in July 2018 by Daniel Sundheim, who is a minority own ...

and BOND. In June 2022, Multiverse raised £163 million ($220 million) of investment which valued the company at £1.2 billion ($1.7 billion). The company received investment from investors including Lightspeed Venture Partners,

General Catalyst General Catalyst (GC) is a global investment and transformation company that makes seed to growth stage investments and beyond. The firm has invested in 800+ businesses, including global companies such as Airbnb, Anduril Industries, Applied In ...

, StepStone Group and Founders Circle Capital. The fundraise gave the company '

unicorn The unicorn is a legendary creature that has been described since Classical antiquity, antiquity as a beast with a single large, pointed, spiraling horn (anatomy), horn projecting from its forehead. In European literature and art, the unico ...

’ status. In the same month, the company appointed

Youngme Moon Youngme Moon is the Donald K. David Professor of Business Administration at Harvard Business School. At HBS, Professor Moon has held numerous leadership positions, including Senior Associate Dean for the MBA Program, Senior Associate Dean for Stra ...

as a non-executive director. In 2022, the company reported a loss of £10.9 million to 31 March 2021 on revenues of £10.1 million. In September 2022, the company was granted a license to award degrees with all learning taught through apprenticeships rather than through university. In 2023, it was reported that Multiverse received an investment by the

Walton family The Walton family is an American family whose collective fortune derived from Walmart makes them the richest family in the United States, and, as of December 2024, the List of wealthiest families, richest family in the world. Overview The thr ...

. In April 2024, Multiverse acquired SearchLight, a US recruitment software company. In the announcement, Blair said the acquisition will 'combine Multiverse's scale with Searchlight’s technology'. In November 2024, the company appointed

Martha Lane Fox Martha Lane Fox, Baroness Lane-Fox of Soho (born 10 February 1973) is a British businesswoman, philanthropist and public servant. She co-founded Last Minute during the dotcom boom of the early 2000s and has subsequently served on public servi ...

as a non-executive director. In March 2025, the company reported revenues of £58.4 million to March 2024 and losses of £60.6 million.

Operations

As of November 2024, the company employed 800 people. According to the company, it has worked with more than 1,500 companies and placed more than 22,000 people into apprenticeships.{{Cite web , title=Multiverse apprenticeships , url=https://www.multiverse.io/en-GB/about , access-date=2025-06-03 , website=www.multiverse.io , language=en-GB

References

British companies established in 2016 Artificial intelligence companies Education companies Companies based in London Educational technology companies