Euan Blair’s edtech Multiverse valued at $2.1bn after $70m raise

Euan Blair, 2023. Image: Village Global/Flickr (CC BY-NC 2.0)

Formerly known as WhiteHat, Multiverse was last valued at $1.7bn in 2022 following a $220m raise.

London-based edtech Multiverse has raised $70m in a round led by Schroders Capital that places the company at a valuation of $2.1bn.

The round also saw the support of existing investors including General Catalyst, Lightspeed Venture Partners, D1 Capital Partners, Index Ventures, Bond and StepStone Group. Multiverse was founded by British businessperson Euan Blair, the son of former UK prime minister Tony Blair.

The company said that it would use the new funding to accelerate its European expansion and wants to ensure that “AI benefits the workplace, rather than displacing it”. It was last valued at $1.7bn in 2022 following a $220m raise.