London-based apprenticeships provider Multiverse has closed a $220 million Series D round at a post-money valuation of $1.7 billion, doubling its valuation from eight months ago.

The round was co-led by StepStone Group and returning investors Lightspeed Venture Partners and General Catalyst.

Founders Circle Capital and existing investors Audacious Ventures, Bond, D1 Capital Partners, GV and Index Ventures also participated in the investment.

The company plans to use the fresh capital to accelerate its expansion across the US and broaden its range of learning programs, creating more routes to career progression for apprentices.

This latest round brought the overall funding raised by the company to over $400 million. Multiverse previously secured $130 million in a Series C round led by D1 Capital Partners and Bond in September 2021.

Prior to this, the company closed a $44 million Series B round led by General Catalyst in January 2021.

Multiverse offers apprenticeships in areas including software engineering, digital marketing and data analytics that typically last 12-15 months. The company currently trains professional apprentices with over 500 organisations globally, including Cisco, Verizon, Visa and Box.

Date Published: 8 June 2022

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