Multiverse, an AI-powered workforce development platform led by Euan Blair, raised $70 million in funding to accelerate growth across Europe, valuing the company at $2.1 billion.

Key customers include The AA, Capita, Babcock International, and Addison Lee, with the approach citing over £2 billion in verified ROI across more than 1,000 employers.

The investment positions Multiverse as a bridge between AI capabilities and practical workforce upskilling, aiming to translate AI adoption into measurable productivity outcomes for organizations.

The company reported a 36.3% rise in annual revenues to £79.6 million for the year, but pre-tax losses widened to £63.3 million; EBITDA loss narrowed from £61.3 million to £59.7 million, signaling a trend toward profitability.

The funding follows 50% year-on-year revenue growth for the third consecutive year and Multiverse’s first cash-positive quarter in Q1 2026, with all employees receiving equity in connection with the raise.

The funding round represents a $400 million increase from Multiverse’s previous valuation, and the company reported 50% year-over-year revenue growth along with a cash-positive quarter from January to March 2026.

Revenue grew 50% year over year for the third consecutive year, with the company reporting its first cash-positive quarter in Q1 2026.

Key customer relationships highlighted include Just Eat, Addison Lee, and Debenhams Group, illustrating a diverse enterprise base.

The company announced a broader equity program, offering all employees equity and a long-term stake in the company amid the funding round.

All employees have been offered equity and a long-term stake in the company, reinforcing a shared ownership structure.

The article also promotes the 2026 RTIH Innovation Awards, highlighting AI as a key focus area and inviting entries, with event details and past winners referenced for context.

The company shifted from matching non-degree jobseekers to employers to primarily retraining and upskilling employees, focusing on AI and tech adoption, including partnerships with Palantir and a new AI academy with Newark and Sherwood District Council.