Multiverse raises £55m at £1.65bn valuation to scale AI training across Europe

TL;DR:

• London-based AI-apprenticeship firm Multiverse has raised £55 million (USD $70 million) in strategic funding at a £1.65 billion (USD $2.1 billion) valuation — £315 million higher than its last round.
• Schroders Capital led the round, with existing backers General Catalyst, Lightspeed, D1 Capital, Index, Bond and StepStone all participating; all employees were offered equity regardless of seniority.
• Chancellor Rachel Reeves publicly endorsed the deal, framing it within the government’s ambition for the UK to achieve the fastest AI-adoption rate in the G7.

Euan Blair’s training-and-development business has secured another vote of confidence from blue-chip capital. Multiverse has closed a £55 million (USD $70 million) strategic round at a £1.65 billion (USD $2.1 billion) valuation, a £315 million step-up from its last raise. Schroders Capital led, with all of the company’s existing backers — General Catalyst, Lightspeed Venture Partners, D1 Capital Partners, Index Ventures, Bond and StepStone Group — also participating. Every employee was offered equity regardless of seniority, a design choice that mirrors how the business itself is positioned: as the bridge between AI capability and the people expected to use it.

A business riding the AI-skills gap

Multiverse’s pitch is that the binding constraint on enterprise AI adoption is no longer software access — it is workforce capability. The London firm runs training programmes for companies including Babcock, The AA, Capita and Addison Lee, and says it has delivered more than £2 billion in verified return on investment for customers. Revenue rose 50% year on year in its last financial year (its third consecutive year of accelerating growth), and the company recorded its first cash-positive quarter from January to March 2026.

Daily active use of its AI coaching platform Atlas tripled over the past year. Multiverse acquired Berlin-based data-and-AI trainer StackFuel in January, giving it a German foothold ahead of broader European expansion. Partnerships with Microsoft, Palantir and Databricks anchor the technical credibility side.

Westminster’s adoption agenda finds a poster child

Chancellor Rachel Reeves used the deal to reinforce government messaging: “We want Britain to achieve the fastest rate of AI adoption of any country in the G7. The productivity dividend we can get from AI will grow businesses of all shapes and sizes.” Reeves framed Multiverse as “a fantastic example of a British company helping turn that ambition into reality.” For UK SMEs, the takeaway is the framing the Chancellor is selecting: AI productivity comes from people enabled to use the tools, not from buying more software.

Schroders Capital’s Michael Mclean, who led the round, echoed the framing: the firm sees Multiverse as well placed to serve employers wanting to train staff rather than rely solely on new software purchases. That distinction matters as European AI budgets continue to climb while companies still struggle to demonstrate productivity gains in their P&L.

Looking forward

The deal arrives in the same news cycle as the UK Regulating for Growth Bill, the Barclays AI 100 ranking that named £8.3 billion of UK AI investment in 2025, and the £4.7 million Greenpixie raise. Read together, this week’s UK AI investment activity tells a coherent story: capital is flowing to UK companies operating in the practical-application layer — workforce skills, energy efficiency, public-sector decisioning — rather than at the frontier-model layer where US labs dominate. Whether Multiverse’s expansion across Europe meets the AI-productivity bottleneck head-on, or runs into the same employer-discomfort with internal AI training that has slowed less-positioned providers, is the next quarter’s question.