Multiverse targets Europe’s AI skills gap with $70 million funding round

The UK upskilling company has reached a $2.1 billion valuation as employers look for clearer returns from AI investment.

Euan Blair, CEO and Founder of Multiverse, on stage at a company event

Multiverse has raised $70 million to expand its AI and data skills platform across Europe, as employers look for clearer returns from workplace AI investment.

The London-based upskilling company says the primary funding round will support growth across Europe. The investment was led by Schroders Capital, with participation from existing investors including General Catalyst, Lightspeed Venture Partners, D1 Capital Partners, Index Ventures, Bond, and StepStone Group.

The round values Multiverse at $2.1 billion, up $400 million from its previous funding round. It follows the company’s January 2026 acquisition of StackFuel, a Berlin-based data and AI training company, and comes as businesses face growing pressure to close skills gaps linked to AI adoption.

Funding follows European acquisition and revenue growth

Multiverse reports 50 percent year-on-year revenue growth and says revenue increased at an accelerating rate for the third consecutive year. The company also recorded its first cash-positive quarter between January and March 2026.

As part of the funding round, all employees have been offered equity and a long-term stake in the company, regardless of seniority.

Seth Tapsfield, who leads AI and data transformation initiatives at Multiverse, wrote on LinkedIn that "Multiverse is a double unicorn" after the announcement.

He added: "Today’s news that we have raised $70 million to become Europe’s AI adoption platform is a reminder of why we show up every day."

"Our goal is to ensure that AI expands human capability instead of replacing it. Whether it is working with @Addison Lee or @The AA, seeing our learners gain the confidence to lead in the AI age is what makes our work so rewarding."

Tapsfield links the raise to Multiverse’s work with Addison Lee and The AA, pointing to learners gaining confidence as employers push AI training deeper into their workforces.

Skills gaps remain a barrier to AI adoption

Multiverse says its platform helps employers identify workforce skills gaps by comparing corporate goals with employee capability. It then provides recommendations for AI, data, and digital skills training across different levels of the business.

The company says it has delivered more than £2 billion in verified return on investment for more than 1,000 employers, including Babcock, The AA, Capita, and Addison Lee.

Euan Blair, CEO and Founder of Multiverse, says: "There are companies who desperately need the benefits AI can bring. There are AI companies. What has been missing is the layer that bridges the two."

"This investment marks the moment Multiverse defines that category, and takes it across Europe. Getting outcomes from AI and unlocking productivity is not just a technology problem. It is a people problem. We exist to solve it."

Multiverse says demand has been driven by new customers and deeper work with existing customers. It has also formed partnerships with Microsoft, Palantir, and Databricks, while Atlas, its AI coaching platform, tripled daily active users over the last year.

The company’s expansion comes as businesses and governments across the UK and Europe increase investment in AI. Multiverse cites BCG’s 2026 AI Radar, which found that AI spending has doubled since last year, while companies leading on AI adoption invest twice as much in workforce upskilling as those further behind.

Employers look for measurable AI outcomes

Multiverse’s customers include employers using the platform to build AI and data capability across operational teams.

Louise Benford, Chief People Officer at The AA, says: "Our work with Multiverse has supported The AA's AI transformation, bridging the gap between new technology and the talent needed to harness it. Multiverse has enabled skills development in areas such as data and AI, and we have seen positive engagement from colleagues participating in the programmes."

Lynsey Valentine, Strategy Director at Babcock, says: "Multiverse has helped us tackle a growing complexity and volume of data by equipping our people with practical, real-world data skills. Our teams are already applying what they’ve learned to automate processes, unlock insight, and drive meaningful improvements well before graduation."

Lisa Pinfield, Group Director of Performance & Development at Capita, says: "At Capita, we chose Multiverse because they enabled us to build critical AI and data capability at scale, in a way that is practical, inclusive and closely aligned to real business needs. The partnership has helped us turn AI ambition into real impact, equipping colleagues with future-critical skills while strengthening performance and decision-making across the organisation."

The funding round also brings Multiverse into the UK government’s wider AI adoption agenda. Chancellor of the Exchequer Rachel Reeves says: "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 in the UK and ensure they stay competitive.

"Multiverse is a fantastic example of a British company helping turn that ambition into reality. This investment will support its expansion across Europe, strengthening a UK firm that is competing globally and equipping people with the skills to make AI work in practice."

The new funding gives Multiverse more capital to expand in Europe after its StackFuel acquisition and a stronger commercial base in AI and data training. Its next phase will be watched by employers trying to assess whether AI skills programs can deliver productivity gains beyond early adoption and pilot projects.