Multiverse Raises $130M in a Series C Investment Round
Tech-focused apprenticeship startup Multiverse has closed another $130 million in funding, following the $44 million it raised earlier this year.
The leading backers in a Series C investment round were D1 Capital Partners and BOND, while others, if present, weren’t disclosed. Other investors that supported Multiverse in previous rounds include General Catalyst, GV, Audacious Ventures, Latitude, SemperVirens, Index Ventures, and Lightspeed Venture Partners.
The apprenticeship provider has revealed that its total valuation has risen to $875 million and that it grew fourfold in 2020, with some 5,000 tech, leadership, and digital apprentices on board.
“We believe Multiverse is expanding access to wage-growth and social mobility for employees from a broad range of backgrounds while creating substantial value for employers. We are excited to invest and help Multiverse scale its model globally,” said Jeremy Goldstein of D1 Capital Partners in a statement.
Multiverse plans to use the newly acquired funds to drive growth in the UK and the US markets and launch additional programs and qualifications. With more than 300 customers - some of the most prominent ones being Google, Generation USA, Facebook, NHS, and MixPanel - Multiverse is able to offer high-quality apprenticeship roles that range from those in data science to administrative and operational positions.
Multiverse has seen an opportunity in a post-COVID labor market and hard-hit economy in which consumer habits have gone upside-down, and the way job seekers look for employment has changed drastically. Jobs that can be performed remotely have gained popularity, and Multiverse has stepped in to cover the market demands. The company offers an alternative to conventional learning institutions to young talents. Another group that could benefit from Multiverse training courses might be those looking to reskill. Multiverse says that 95% of its apprentices landed a job in their field in as little as 90 days.
Julia A. is a writer at SmallBizGenius.net. With experience in both finance and marketing industries, she enjoys staying up to date with the current economic affairs and writing opinion pieces on the state of small businesses in America. As an avid reader, she spends most of her time poring over history books, fantasy novels, and old classics. Tech, finance, and marketing are her passions, and she’s a frequent contributor at various small business blogs.
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