Multiverse.io, a rectech service for matching job-seekers with apprenticeship opportunities in the U.S. and U.K., has raised $130 million in a Series C funding round to reach individuals from a range of backgrounds and increase its number of employers.
At a pre-money valuation of $745 million, the funding was co-led by investment firm D1 Capital Partners and VC firm Bond. Returning investors included SemperVirens Venture Capital, Lightspeed Venture Partners, Latitude, Index Ventures, GV, General Catalyst and Audacious Ventures.
The latest cash injection brought the total investment up to $194 million, according to VCNewsDaily.
Founded by WhiteHat Group in 2016 and based in the U.K., Multiverse opened its U.S. headquarters in New York last month.
Through Multiverse, apprentices without a college degree can receive experience and hands-on learning with apprenticeship and develop industry skills. It’s completely free for apprentices, who can earn £18,000 ($24,394 U.S.) plus salary while learning with on-the-job training, according to its website.
Offered apprenticeships include data fellowship, digital marketing, software engineering, business associate, accounting and project management. Apprentices can also receive bachelor’s degrees in data analytics and data science while performing their roles.
Currently, more than 300 businesses are associated with Multiverse, including Google, Facebook, Morgan Stanley and the NHS.
With four-fold annual growth and a network of 5,000+ apprentices, Multiverse says the investment is to fuel growth and adoption across the U.S. and U.K.
The new funding round “will help drive the next stage of our mission: to create a diverse group of future leaders, by building an outstanding alternative to university and corporate training,” the company said in a statement.