Funding round
Multiverse Series B
Multiverse, which works in AI and tech apprenticeship services in London, raised $44M in a Series B round announced on 19 Jan 2021, led by General Catalyst, at a $200M post-money valuation. 7 firms took part. It is Multiverse's third venture round on record; the one before was a Series A in Jul 2019.
$44M
Amount raised
$200M
Post-money valuation
$156M pre-money
7
Investors
1 lead
22%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Multiverse at $200M after the new money. The $44M bought investors about 22% of the company. It came 18 months after Multiverse's Series A. It is 9.1% of the $484M Multiverse has raised in the venture rounds on record. Multiverse raised again 8 months later: a Series C round of $130M in Sep 2021, at $875M post-money.
Multiverse's funding rounds
Multiverse has 6 venture rounds on record. This one is highlighted.
- Seed 17 Sep 2018, led by Lightspeed Venture Partners $4.0M
- Series A 1 Jul 2019, led by Index Ventures $16M
- Series B this round 19 Jan 2021, led by General Catalyst $44M$200M post-money
- Series C 28 Sep 2021, led by D1 Capital Partners and BOND $130M$875M post-money
- Series D 8 Jun 2022, led by StepStone Group, Lightspeed Venture Partners and General Catalyst $220M$1.70B post-money
- Growth 15 May 2026, led by Schroders Capital $70M$2.10B post-money
Investors
Who put money in
General Catalyst led the round with 6 other firms.
Lead investor
- General Catalyst backs 574 venture-backed companies new investor
Also in the round
- GV backs 428 venture-backed companies new investor
- Index Ventures backs 353 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- backs 20 venture-backed companies new investor
- Phoenix Court backs 45 venture-backed companies new investor
- backs 35 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
10 Series B rounds in Professional & Management Training within a year either side disclosed an amount; the median was $31M, and this round was 1.4 times the median. The closest in time, other companies' Series B rounds in Professional & Management Training:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Professional & Management Training | 17 Feb 2021 | $18M | not disclosed | Owl Ventures and S3 Ventures |
| Professional & Management Training | 30 Nov 2020 | $20M | not disclosed | Leeds Illuminate |
| Professional & Management Training | 31 May 2021 | $6.5M | not disclosed | Partech |
| Professional & Management Training | 5 Aug 2020 | $31M | not disclosed | Titanium Ventures |
| Professional & Management Training | 9 Aug 2021 | undisclosed | not disclosed | Citi and Strada Education Network |
| Professional & Management Training | 1 Sep 2021 | $80M | not disclosed | Molten Ventures and RTP Global |
| Professional & Management Training | 6 Oct 2021 | $28M | not disclosed | WestBridge Capital |
| Professional & Management Training | 6 Dec 2021 | $62M | not disclosed | Prosus |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Multiverse raise in its Series B round?
Multiverse raised $44M in its Series B round, announced in Jan 2021.
Who led Multiverse's Series B round?
General Catalyst led it, with GV, Index Ventures, Lightspeed Venture Partners, Audacious Ventures and Phoenix Court and 1 more.
What was Multiverse's valuation at the Series B round?
$200M post-money ($156M pre-money).
How does it compare with other Series B rounds in Professional & Management Training?
10 Series B rounds in Professional & Management Training within a year either side disclosed an amount; the median was $31M, and this round was 1.4 times the median.
Did Multiverse raise again after this round?
Yes: a Series C round in Sep 2021 of $130M at $875M post-money.