London-based education and career platform Multiverse, formerly known as WhiteHat, has announced a hefty $44 million Series B funding round in addition to the rebranding. The company will expand across the UK, with plans to create two hundred jobs in 2021, and will launch in New York this month.
The investment was led by General Catalyst, with participation from Google Ventures, Audacious Ventures, Latitude and SemperVirens. Index Ventures and Lightspeed Venture Partners, who joined a $16 million Series A round in 2019, were on board again, too.
Admission to universities and prestigious corporate training programmes can be clogged with considerations of where the applicant is from and who they know. As an alternative to such exclusive routes, the startup has developed a modern-day apprenticeship model.
The intention is to not only democratise career opportunities for young people but also help companies develop a pipeline of diverse talent.
The platform has a bespoke matching process, which measures talent and potential rather than simply academic achievements, connecting an applicant to a specific role and following up with training and one-on-one coaching.
In Europe, Multiverse has more than 300 clients including Facebook, Morgan Stanley, KPMG, Fujitsu, Citi and Microsoft. In the last year, the company tripled the number of apprentices it trains to more than 2,000.
For more, check out Tech.eu’s interview with co-founder Sophie Adelman from late 2019.
Photo: co-founder and CEO Euan Blair