The Multiverse 44m series general has been gaining momentum in the U.S. market over the past two years. Over that time, its customer base has grown from about one thousand to more than a million, according to new data released by the company. This growth has also led to a new valuation of more than eight hundred million dollars. In the meantime, investors continue to pour cash into the stock. Read on to learn more about the company and why it could be an exciting buy.
Investors in the multiverse 44m series general
Having completed its largest funding round to date, Multiverse is refocusing on its core business of creating apprenticeships. With more than 300 clients and more than a thousand apprentices in the U.K., the company is gaining traction as knowledge workers migrate to the cloud. The company has been in the industry for a little over two years and landed its newest investor, D1 Capital Partners, in a recent round of investment aimed at accelerating growth. It’s also worth noting that the company has already opened an office in New York. Founders Circle Capital led the round.
Multiverse is also known for its impressive customer service record, having handled over 20,000 hires since its inception. But the company’s biggest achievement is a new and improved website that makes it easier than ever for prospective employers to find a suitable candidate. Among the benefits of the improved site is a new mobile app. This is especially important for the growing number of organizations that have a remote work culture.
Customer base grew ninefold over the past two years
Multiverse is an apprenticeship startup that has grown its customer base nine times over the past two years. Its flagship product, the MegaPipe, provides an indestructible layer of protection. Moreover, Multiverse is also expanding into the business market with a proprietary sealant. The company recently closed on a $220 million Series D funding round, bringing its total funding to more than $400 million.
While Multiverse has not yet launched in the United States, the company has a number of plans for the near future. According to Multiverse, the company is planning to offer more courses and learning programs. Specifically, it will create more career progression for apprentices and close digital skills gaps. This includes expanding into the U.S., which Multiverse has been testing the water with since 2021. In fact, the company has already trained over 500 companies worldwide in its apprenticeship model.
With that said, the company has managed to secure $44 million in its most recent Series B round, including investments from General Catalyst, Lightspeed Venture Partners, Audacious Ventures, StepStone Group, Index Ventures, and Latitude.
New valuation of $875 million
Multiverse, a U.K. based company, has raised $400 million in funding. The latest round, which is the company’s largest to date, will fund the company’s expansion into the United States.
Multiverse previously announced a $130 million Series C funding round, as well as an office in New York. In addition to existing investors, the new round also included D1 Capital Partners and BOND.
The funding is intended to help close the digital skills gap in the U.S., as well as broaden and improve the company’s learning programs. This will allow for more career progression for apprentices. To date, Multiverse has worked with more than 500 organizations around the world. Its programs have a completion rate of 85%. Currently, the company offers services in the UK and New York.
Multiverse is currently looking for nearly 100 people to fill open positions. These roles will help Multiverse grow its apprenticeship programs in the U.S. A number of its programs have been shown to have a 260% enrollment growth over the past year. During its first eight months, the company has increased its number of partners by 105%.
Growth in the U.S. market
As a company that has been in operation for about a year, Multiverse has shown impressive growth in its U.K. market. In fact, the company has expanded four-fold in the past 12 months. The company aims to use its new funding to continue its expansion into the U.S. markets, as well as expanding its apprenticeship program.
With the advent of technological innovations, such as remote work, employers have been able to take on workers from anywhere, making job searches much more convenient. This, in turn, has created a window of opportunity for companies like Multiverse. The company sources diverse candidates for a variety of roles, including data analysts and software engineers. It also offers a community of apprentices, coaches, and industry experts.
Multiverse, which was launched by Euan Blair, son of former U.K. Prime Minister Tony Blair, has a large network of well-connected businessmen and professionals, and has a large customer base in the U.K. However, the company’s new office in New York is its first foray into the US.