Multiverse secures $70 million at a $2.1 billion valuation to promote its AI adoption strategy throughout Europe.

      The funding round, led by Schroders Capital, comes after the acquisition of Berlin-based StackFuel in January and a year-on-year revenue growth of 50%. Notable customers include the AA, Babcock, and Capital.

      On Friday, Multiverse, an AI and tech-upskilling platform based in London and founded by Euan Blair, announced it had secured $70 million in primary funding, also led by Schroders Capital, valuing the company at $2.1 billion. Existing investors such as General Catalyst, Lightspeed, D1 Capital, Index Ventures, Bond, and StepStone Group participated in this round.

      This new valuation reflects a $400 million increase from the company's $1.7 billion valuation during its Series D round in 2022. Multiverse reported a 50% year-on-year revenue growth for the third consecutive year and announced its first cash-positive quarter from January to March 2026. All employees are being offered equity as part of this funding raise.

      Multiverse is focusing on positioning this funding round around a category proposition rather than a product-based approach. Euan Blair, the CEO, mentioned in the company’s blog that they aim to become "Europe’s AI adoption platform," acting as a bridge between businesses acquiring AI tools and the workforces tasked with utilizing them. He emphasized that the missing component of the AI ecosystem is not another model or agent runtime, but a workforce capable of managing these technologies.

      The company is already establishing its presence in Europe. In January, Multiverse completed the acquisition of StackFuel, a Berlin-based provider of data and AI training, serving clients like Mercedes-Benz, IAV, and Telefónica, and aiming to train 100,000 German workers in AI skills. StackFuel boasts a 92% completion rate for its programs, and its founders, Leo Marose and Stefan Berntheisel, have joined the senior leadership of the combined entity.

      According to its data, Multiverse has generated over £2 billion in verified ROI for more than 1,000 employers, including Babcock, the AA, Capita, and Addison Lee. The company’s AI coaching platform, Atlas, has seen a threefold increase in daily active users in the past year. Partnerships have expanded to include major players such as Microsoft, Palantir, and Databricks as platform partners.

      Multiverse is addressing a common enterprise concern: rising AI budgets with inconsistent returns. The company references BCG’s 2026 AI Radar, which indicates that corporate AI spending has doubled since last year, and highlights that 'trailblazer' adopters invest nearly twice as much in workforce upskilling compared to their 'follower' counterparts.

      According to a survey by Multiverse, CEOs identified skills gaps as the second-largest obstacle to AI adoption, following regulation and preceding data quality issues.

      This fundraising also carries a political implication, which is increasingly sought after by British scale-ups. Chancellor of the Exchequer Rachel Reeves stated that the UK government aims for Britain to attain the fastest rate of AI adoption in the G7, labeling Multiverse as "a fantastic example of a British company turning that ambition into reality." She added that this investment would "support its expansion across Europe."

      Multiverse’s perspective stands in contrast to the prevailing conversation in enterprise AI. Companies like Klarna have halted hiring, arguing that AI tools enable them to achieve more with fewer employees. In contrast, Multiverse is advocating that the effectiveness of an AI implementation is contingent on how well the existing workforce can utilize it.

      This funding round effectively represents a $70 million wager that enterprise buyers will be increasingly willing to invest in this perspective moving forward. Multiverse has not disclosed the banks involved or provided details on its revenue run rate, but indicated that the funding will be directed towards accelerating its expansion in Europe, without specifying further geographic details.