Multiverse secures $70M at $2.1B valuation to expand AI adoption across Europe

London-based Multiverse, the AI and technology upskilling company founded by Euan Blair, has secured $70 million in primary funding led by Schroders Capital, pushing its valuation to $2.1 billion. The round, which also saw participation from existing backers including General Catalyst, Lightspeed, D1 Capital, Index Ventures, Bond, and StepStone Group, marks a $400 million increase from the company’s $1.7 billion Series D in 2022.

The funding announcement follows a period of strong momentum for Multiverse. The company reported 50% year-on-year revenue growth for the third consecutive year, alongside its first cash-positive quarter from January to March 2026. Customers include the AA, Babcock, and Capita, and all employees are being offered equity as part of the raise.

Rather than positioning this round behind a specific product, Multiverse is pitching a broader category. Blair described the company’s ambition to become “Europe’s AI adoption platform”, bridging the gap between businesses purchasing AI tools and the workforces expected to use them. In his view, the missing layer in the AI stack is not another model or agent runtime, but a workforce capable of operating them.

The company’s European expansion already has a foothold. In January, Multiverse completed the acquisition of StackFuel, a Berlin-based data and AI training provider whose corporate clients include Mercedes-Benz, IAV, and Telefónica. StackFuel reports a 92% programme completion rate, and its founders, Leo Marose and Stefan Berntheisel, have joined the combined company’s senior leadership.

Multiverse says it has delivered more than £2 billion in verified ROI for over 1,000 employers to date, including Babcock, the AA, Capita, and Addison Lee. Its AI coaching platform, Atlas, tripled daily active users over the past year, and the company has secured platform partnerships with Microsoft, Palantir, and Databricks.

The company is tapping into a persistent enterprise frustration: AI budgets are rising, but returns remain uneven. Multiverse cites BCG’s 2026 AI Radar, which shows corporate AI spend has doubled since last year, and notes that “trailblazer” adopters invest roughly twice as much in workforce upskilling as their “follower” peers. In a survey conducted by Multiverse, CEOs identified skills gaps as the second-largest barrier to AI adoption, behind only regulation and ahead of data quality.

The raise also carries a political signal. UK Chancellor of the Exchequer Rachel Reeves called Multiverse “a fantastic example of a British company helping turn that ambition into reality,” referencing the government’s goal for Britain to achieve the fastest rate of AI adoption in the G7. She added that the investment would “support its expansion across Europe.”

Multiverse’s thesis stands in contrast to a louder narrative in enterprise AI. While companies like Klarna have frozen hiring, arguing that AI tools allow them to do more with fewer people, Multiverse is betting on the opposite: that the value of an AI deployment depends on how well the existing workforce can operate it. The $70 million round is, in effect, a wager that enterprise buyers will write cheques for that approach.

Multiverse did not disclose run-rate revenue or the banks involved. The company said the funding would be used to accelerate European expansion, without providing further geographic details.