Multiverse raises $70m at a $2.1bn valuation to push its AI-adoption pitch across Europe

The round, led by Schroders Capital, follows January’s acquisition of Berlin-based StackFuel and 50% year-on-year revenue growth. Customers include the AA, Babcock, and Capital.

Multiverse, the London-based AI- and tech-upskilling platform founded by Euan Blair, said on Friday it had raised $70m in primary funding led by Schroders Capital, at a $2.1bn valuation.

Existing investors, including General Catalyst, Lightspeed, D1 Capital, Index Ventures, Bond and StepStone Group, joined the round.

The new valuation marks a $400m step up from the company’s $1.7bn Series D in 2022. Multiverse said revenue grew 50% year-on-year for the third consecutive year of accelerating growth, and the company reported its first cash-positive quarter, from January to March 2026. All employees are being offered equity in connection with the raise.

Multiverse is positioning the new round behind a category pitch rather than a product one. Chief executive Euan Blair told the company’s blog the firm wants to become ‘Europe’s AI adoption platform’, sitting between the businesses buying AI tools and the workforces meant to use them.

In his framing, the missing layer of the AI stack is not another model or another agent runtime; it is the workforce capable of operating them.

The European push has a foothold already. In January Multiverse completed the acquisition of StackFuel, a Berlin-based data and AI training provider with corporate customers including Mercedes-Benz, IAV and Telefónica, and a stated goal of training 100,000 German workers in AI skills.

StackFuel reports a 92% programme completion rate. Its founders, Leo Marose and Stefan Berntheisel, joined the senior leadership of the combined entity.

On the company’s own numbers, Multiverse has delivered more than £2bn in verified ROI for over 1,000 employers to date, including Babcock, the AA, Capita and Addison Lee.

Atlas, its AI coaching platform, tripled daily active users in the past year. Partnerships have moved upmarket on the tools side, with Microsoft, Palantir and Databricks now named as platform partners.

Multiverse is leaning into a familiar enterprise complaint: AI budgets are up, AI returns are uneven. The company cites BCG’s 2026 AI Radar, which reports corporate AI spend has doubled since last year, and notes that ‘trailblazer’ adopters invest about twice as much in workforce upskilling as ‘follower’ peers.

CEOs surveyed by Multiverse named skills gaps as the second-largest barrier to AI adoption, behind only regulation and ahead of data quality.

The raise comes with a political signal, of the sort British scale-ups now actively seek. Chancellor of the Exchequer Rachel Reeves said in a statement provided by the company that the UK government wants Britain to achieve the fastest rate of AI adoption in the G7, and called Multiverse ‘a fantastic example of a British company helping turn that ambition into reality’. The investment, Reeves added, would ‘support its expansion across Europe’.

Multiverse’s thesis cuts across a louder one in the enterprise AI conversation. Where companies including Klarna have frozen hiring on the argument that AI tools let them do more with fewer people, Multiverse is selling employers on the opposite trade: that the value of an AI deployment is determined by how well the existing workforce can operate it.

The new round is, in effect, a $70m bet that the latter view is the one enterprise buyers will be writing cheques against next.

Multiverse did not name the banks involved or disclose run-rate revenue. The company said the funding would be used to accelerate European expansion, with no further geographic breakdown.