Multiverse, created by the son of former British prime minister Sir Tony Blair, claims that the fundraising round will make it the first EdTech unicorn in the United Kingdom.
The amount doubles the startup’s valuation from eight months ago and is estimated to leave the son of former British prime leader Tony Blair with a $476m share.
Multiverse collaborates with over 500 firms to provide non-university-based career opportunities for young people.
It will be able to develop in the United States and broaden its learning programs to generate more employment opportunities for apprentices.
Euan Blair, chief executive officer and creator of Multiverse, stated, “There has never been a more urgent need to establish an equitable and inclusive alternative to higher education, and we have a great potential to disrupt the status quo with apprenticeships.
This money will enable us to increase the number of individuals without degrees or in need of retraining who enter IT fields, thereby creating a more diverse group of future leaders.
According to the corporation, two-thirds of Americans lack a bachelor’s degree, even though 65 percent of employment requires one; Mr. Blair stated that this “excludes thousands of outstanding individuals.”
Multiverse was founded in the United Kingdom in 2016 and launched in the United States in January 2021.
Multiverse reports that it has reached more than 8,000 apprentices worldwide and that 56% of its placements are persons of color, more than 50% are women, and 34% are from economically underserved neighborhoods.
