London’s apprenticeship finder Multiverse has found $130 million of its own in a Series C funding round. This funding arrives just 8 months since the company’s healthy $44 million Series B round, and now gives the startup a total of $194 million in the bank. This new funding is expected to drive growth in the US and UK, including the launch of new qualifications and programmes.
Training apprentices for more than 300 companies worldwide, including Facebook, Google, Adyen, Morgan Stanely, and the NHS, one might be hard-pressed to see the “benefits” of attending university and the associated OMfG price tag attached to it.
And it’s not just me that thinks so, as Multiverse reports revenues grow nearly 4x year over year, and is now responsible for training 5,000+ tech, leadership, and digital apprentices, a number that adds up to more than the annual undergraduate intake of both Harvard and Oxford Universities.
“We have spent the last few years building a truly outstanding alternative to university and to corporate training, and this latest funding round is recognition of how far this cause has come,” commented CEO and founder Euan Blair. “Professional apprenticeships are transforming the opportunities available to people in the UK and now in the US - we've seen a range of the world's best employers grow their programmes significantly over the last year.”
Multiverse’s latest funding round was led by Dan Sundheim's D1 Capital Partners and BOND who now join existing investors General Catalyst, GV (Google Ventures), Index Ventures, Lightspeed Venture Partners, Audacious Ventures, Latitude, and SemperVirens.
General Catalyst’s Ken Chenault commented, “Apprenticeships are an innovative pathway to family-sustaining jobs. Multiverse has the team, the model, and the vision to make the promise of professional, modern apprenticeships a reality while creating greater access to opportunity."