Euan Blair secures fortune with £ 65million funding round
Multiverse offers apprenticeships and training for school leavers, integrating them into companies such as Google, Unilever and Morgan Stanely.
The company also offers one-on-one coaching and networking events, and claims to have over 300 clients and have provided 3,000 learnings. Multiverse said 88% of its applicants end up with a job with their employer after their training.
The new funding comes just months after the company closed a £ 32million round in January.
Originally known as Whitehat, Multiverse was started by Euan Blair with the aim of reforming the plight of young people leaving school, convinced that university did not offer the right preparation for the world of work.
While in Downing Street, Tony Blair led a campaign from 1999 to bring half of all school leavers to college. In an article published last month for the Tony Blair Institute for Global Change, Mr Blair said his 50% target remains “as controversial as it is correct and essential”.
Multiverse has not commented on who is leading its new funding round, although previous backers include Index Ventures, General Catalyst and the venture capital arm of Google.
Euan Blair said The telegraph earlier this month, the apprenticeships offered an “incredible route to some of the world’s best companies and some of the world’s best tech start-ups.”