Funding round
Multiverse Series D
Multiverse, which works in AI and tech apprenticeship services in London, raised $220M in a Series D round announced on 8 Jun 2022, led by StepStone Group, Lightspeed Venture Partners and General Catalyst, at a $1.70B post-money valuation. 9 firms took part. It is Multiverse's fifth venture round on record; the one before was a Series C in Sep 2021.
$220M
Amount raised
$1.70B
Post-money valuation
9
Investors
3 leads
1.9x
Step-up from the Series C
$875M in Sep 2021
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Multiverse at $1.70B after the new money, 1.9 times the $875M of its Series C (Sep 2021). The $220M bought investors about 13% of the company. It came 9 months after Multiverse's Series C. It is 45% of the $484M Multiverse has raised in the venture rounds on record. Multiverse raised again 47 months later: a Growth round of $70M in May 2026, at $2.10B 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 28 Sep 2021, led by D1 Capital Partners and BOND $130M$875M post-money
- Series D this round 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
StepStone Group, Lightspeed Venture Partners and General Catalyst led the round with 6 other firms.
Lead investors
- StepStone Group new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies new investor
Also in the round
- backs 24 venture-backed companies new investor
- backs 20 venture-backed companies new investor
- BOND backs 91 venture-backed companies new investor
- D1 Capital Partners new investor
- GV backs 428 venture-backed companies new investor
- Index Ventures backs 353 venture-backed companies new investor
Joined the board: Youngme Moon.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series D rounds in Professional & Management Training:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Professional & Management Training | 29 Mar 2022 | $70M | $570M | Alpha Wave Global and Tiger Global |
| Professional & Management Training | 27 Jan 2022 | $110M | $1.30B | Zeev Ventures |
| Professional & Management Training | 25 Aug 2021 | $6.4M | not disclosed | Bonds Investment Group |
| Professional & Management Training | 19 Jul 2021 | $200M | $1.00B | SoftBank Vision Fund and Airtree |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Multiverse raise in its Series D round?
Multiverse raised $220M in its Series D round, announced in Jun 2022.
Who led Multiverse's Series D round?
StepStone Group, Lightspeed Venture Partners and General Catalyst led it, with Founders Circle Capital, Audacious Ventures, BOND, D1 Capital Partners and GV and 1 more.
What was Multiverse's valuation at the Series D round?
$1.70B post-money.
Did Multiverse raise again after this round?
Yes: a Growth round in May 2026 of $70M at $2.10B post-money.