Euan Blair’s Multiverse raises $70M at $2.1BN valuation
Euan Blair’s edtech firm, Multiverse, has secured £70 million in new funding, propelling its valuation to $2.1 billion. This significant investment underscores the growing demand for specialized AI and digital skills training across Europe, positioning Multiverse to capture a substantial portion of the enterprise AI training market. The company aims to bridge the gap between cutting-edge AI technologies and the workforce, ensuring AI's benefits are realized without displacing human talent. The funding round, led by Schroders Capital with participation from existing investors like General Catalyst and Lightspeed, signifies a strong vote of confidence in Multiverse's business model. Initially focused on digital apprenticeships, the company has expanded its offerings to include AI training services, bolstered by its recent acquisition of German AI training firm StackFuel. This strategic expansion into Germany marks a crucial step in Multiverse's pan-European growth ambitions. Multiverse's success impacts not only the tech sector but also the broader European workforce by equipping individuals with essential AI-related skills. This initiative aligns with the European drive for digital sovereignty, fostering homegrown talent and innovation in a critical technological field. While Multiverse reported widening losses in the previous fiscal year, its announcement of achieving cash-positive operations in the first quarter of 2026 suggests a promising trajectory for future profitability and continued European expansion.
Curated and translated by Europe Digital for our multilingual European audience.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.