Expanding Multiverse snaps up new London HQ: Education start up run by Tony Blair's son enjoys rapid growth

Expanding Multiverse snaps up new London HQ: Education start up run by Tony Blair’s son enjoys rapid growth

Multiverse, the education start-up run by Euan Blair, has signed for a larger London headquarters to accommodate its rapid growth.

The company, launched by the son of former prime minister Sir Tony Blair in 2016, uses software to match apprentices with corporate giants.

Multiverse will move from a small space in Marylebone to a two-floor office in WeWork Paddington.

The firm has so far trained over 10,000 professional apprentices in partnership with scores of employers. 

Expansion: Multiverse, launched by Euan Blair in 2016, matches apprentices with corporate giants and provides an alternative learning route to university

Expansion: Multiverse, launched by Euan Blair in 2016, matches apprentices with corporate giants and provides an alternative learning route to university

Last year it became a education technology ‘unicorn’ after a funding round gave it a £1.36billion valuation.

Blair told Bloomberg TV in May that a possible stock market listing of Multiverse was still ‘some way off’.

According to the most recent results, for the year to March 2022, Multiverse had £81.3million of cash and made revenues of £27.2million – up from £10.1million a year earlier. 

It also posted the sixth consecutive year in the red, losing £7.6million.

In May the company made its first acquisition when it bought Danish education tech firm Eduflow for an undisclosed sum.

source: dailymail.co.uk