The British startup plans to expand its on-the-job training plans in the United States after more than doubling the number of apprentices over the last year to 8,800.
Multiverse's Euan Blair and Jeremy Duggan have raised $220 million in a Series D to help solve tech's talent shortfall with apprenticeships.“Education, Education, Education” was a key mantra for former British Prime Minister Tony Blair. His eldest son Euan Blair has taken that message to heart raising $220 million to expand his education startup Multiverse which uses apprenticeships to help people land a tech job without a college degree.
Multiverse plans to expand further in the U.S., and broaden its courses, with the Series D funding round that was co-led by StepStone Group, and returning investors Lightspeed Venture Partners and General Catalyst, which values the company at $1.7 billion. The growth of the British education startup comes after President Joe Biden committed $113 million in May to overhaul the U.S.
Multiverse, which rebranded from WhiteHat last year, claims that 56% of its graduates are people of color, and more than half are women. That could come as a boon for Silicon Valley which despite ambitious pledges to address hiring discrimination against Black applicants following the murder of George Floyd in 2020, and a decades-long campaign to address a lack of diversity, have made slow progress at building teams that resemble the American workforce.
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