| Company type | Private |
|---|---|
| Industry | Artificial intelligence, educational technology |
| Founded | 2016 |
| Headquarters | London, United Kingdom |
Key people | Euan Blair |
| Website | https://www.multiverse.io/ |
Multiverse is a British educational technology company founded in 2016 by Euan Blair and Sophie Adelman. [1] Based in London, United Kingdom, the company provides a platform for companies to recruit school leavers through apprenticeships. [1]
Multiverse was founded in 2016 by friends Euan Blair and Sophie Adelman under the name WhiteHat, which was named after the hackers employed by companies to test their IT security. [1] [2] The company rebranded to Multiverse in 2011. [1]
In 2018, the company announced it had raised £3 million ($4 million) of seed investment from Lightspeed Venture Partners. [3]
In 2021, Adelman stepped back from the company but retained a seat on its board and a shareholding. [4] In September of that year, Multiverse raised £97 million ($130 million) from multiple investors including D1 Capital Partners and BOND. [5]
In June 2022, Multiverse raised £163 million ($220 million) of investment which valued the company at £1.2 billion ($1.7 billion). [6] The company received investment from investors including Lightspeed Venture Partners, General Catalyst, StepStone Group and Founders Circle Capital. [6] [7] The fundraise gave the company 'unicorn’ status. [8] [9] In the same month, the company appointed Youngme Moon as a non-executive director. [9]
In 2022, the company reported a loss of £10.9 million to 31 March 2021 on revenues of £10.1 million. [10] In September 2022, the company was granted a license to award degrees with all learning taught through apprenticeships rather than through university. [11]
In 2023, it was reported that Multiverse received an investment by the Walton family. [12]
In April 2024, Multiverse acquired SearchLight, a US recruitment software company. [13] In the announcement, Blair said the acquisition will 'combine Multiverse's scale with Searchlight’s technology'. [14]
In November 2024, the company appointed Martha Lane Fox as a non-executive director. [15]
In March 2025, the company reported revenues of £58.4 million to March 2024 and losses of £60.6 million. [16]
As of November 2024, the company employed 800 people. [17] According to the company, it has worked with more than 1,500 companies and placed more than 22,000 people into apprenticeships. [18]