Funding round
Multiverse Series C
Multiverse, which works in AI and tech apprenticeship services in London, raised $130M in a Series C round announced on 28 Sep 2021, led by D1 Capital Partners and BOND, at a $875M post-money valuation. 10 firms took part, 8 of them already investors. It is Multiverse's fourth venture round on record; the one before was a Series B in Jan 2021.
$130M
Amount raised
$875M
Post-money valuation
10
Investors
2 leads
4.4x
Step-up from the Series B
$200M in Jan 2021
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Multiverse at $875M after the new money, 4.4 times the $200M of its Series B (Jan 2021). The $130M bought investors about 15% of the company. It came 8 months after Multiverse's Series B. It is 27% of the $484M Multiverse has raised in the venture rounds on record. Multiverse raised again 9 months later: a Series D round of $220M in Jun 2022, at $1.70B 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 19 Jan 2021, led by General Catalyst $44M$200M post-money
- Series C this round 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
D1 Capital Partners and BOND led the round with 8 other firms. General Catalyst, Lightspeed Venture Partners, Index Ventures and Audacious Ventures and 4 more had backed Multiverse before.
Lead investors
- D1 Capital Partners new investor
- BOND backs 91 venture-backed companies new investor
Also in the round
- General Catalyst backs 574 venture-backed companies existing investor
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- Index Ventures backs 353 venture-backed companies existing investor
- backs 20 venture-backed companies existing investor
- backs 35 venture-backed companies existing investor
- GV backs 428 venture-backed companies existing investor
- backs 69 venture-backed companies existing investor
- Phoenix Court backs 45 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
6 Series C rounds in Professional & Management Training within a year either side disclosed an amount; the median was $50M, and this round was 2.6 times the median. The closest in time, other companies' Series C rounds in Professional & Management Training:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Professional & Management Training | 24 Jun 2021 | $65M | not disclosed | Tiger Global |
| Professional & Management Training | 28 Apr 2021 | $80M | not disclosed | Lumos Capital Group |
| Professional & Management Training | 6 May 2022 | $15M | $305M | not named |
| Professional & Management Training | 14 Jun 2022 | $200M | not disclosed | Sofina and SoftBank Vision Fund |
| Professional & Management Training | 19 Aug 2022 | $35M | not disclosed | WestBridge Capital |
| Professional & Management Training | 2 Aug 2022 | $25M | not disclosed | BuildGroup and Gula Tech Adventures |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Multiverse raise in its Series C round?
Multiverse raised $130M in its Series C round, announced in Sep 2021.
Who led Multiverse's Series C round?
D1 Capital Partners and BOND led it, with General Catalyst, Lightspeed Venture Partners, Index Ventures, Audacious Ventures and SemperVirens Venture Capital and 3 more.
What was Multiverse's valuation at the Series C round?
$875M post-money.
How does it compare with other Series C rounds in Professional & Management Training?
6 Series C rounds in Professional & Management Training within a year either side disclosed an amount; the median was $50M, and this round was 2.6 times the median.
Did Multiverse raise again after this round?
Yes: a Series D round in Jun 2022 of $220M at $1.70B post-money.